News
Publish date: March 3, 2009
News
The Siemens-Rosatom joint venture plans to further develop Russian pressurized-water reactor technology and will handle marketing, sales and the construction of new nuclear power plants as well as modernization and upgrades of existing plants. Rosatom will hold the majority stake with 50 percent plus one share.
Siemens recently announced it would exit its agreement with France’s state-controlled Areva and will wind down their joint venture, Areva NP, by 2012. Siemens holds a 34 percent stake in the nuclear venture, which Areva will pay for.
A report in the Financial Times said Areva estimated the 34 percent at €2 billion ($2.5 billion) at the end of 2007, but analysts have said the stake’s current value has risen, helped by prospects of rising worldwide demand for nuclear reactors.
An accident aboard numerous Volgoneft oil tankers in the Kerch in mid December clearly show what can happen to aged ships when they are operated in bad weather—and when economic and military objectives are prioritized over the lives of crews and environmental safety.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.
A survey of events in the field of nuclear and radiation safety relating to Russia and Ukraine.
A visit last week by Vladimir Putin and a Kremlin entourage to Astana, Kazakhstan sought in part to put Rosatom, Russia’s state nuclear corporation, on good footing with local officials.