more_reports

Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

Russia nuclear chief on nuclear building program, JV plans

Share on Stocktwits

Source:

Russia is planning to implement a major nuclear power units building program in the next 25 years and is holding talks with foreign companies on establishing a nuclear joint venture in its territory, the country's nuclear chief told the Russian News & Information Agency recently.

Russia is planning to implement a major nuclear power units building program in the next 25 years and is holding talks with foreign companies on establishing a nuclear joint venture in its territory, the country's nuclear chief told the Russian News & Information Agency recently.

Sergei Kiriyenko, the head of the Federal Agency for Nuclear Power, told RIA Novosti that Russia was planning to build 42-58 nuclear power units for its own needs by 2030 and 40-50 units abroad in the next 30 years.

Russia currently has 10 operational nuclear power plants with 31 reactors, but Kiriyenko said Russia would need another 300 gigawatts from new plants to cover a projected energy deficit in the next 30 years.

"Energy consumption in Russia had already grown by 5.5% instead of the planned 2% this year," he said. "There is no evidence to suggest this figure will fall."

Moscow's mayor, Yury Luzhkov, warned Tuesday the capital's energy deficit this winter could reach 20%, sparking concerns that some businesses would have to shut down for days in a repetition of last year's problems during a spell of Arctic weather.

Get Our Streetwise Reports' Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe