News

Russia needs $50 billion until 2020 to develop its nuclear industry

Publish date: July 18, 2003

Evgeny Sharov, deputy chief of the planning and development department of the Rosenergoatom concern, stated this at the conference «Perspectives for Atomic Energy Development in Guaranteed Safety Conditions» in St Petersburg in April.

He said that the Russian nuclear industry has to find almost $30 billion investments until 2020 to keep in operation 10 Russian NPPs with 22,000 MW capacity (in the frames of the Russian Energy Strategy). Besides $20 billion is needed to increase energy production rate. When answering to the question about possibility of such huge investments in the state owned atomic energy Mr. Sharov said that «The Concern hopes for the increase of the investment component of the electricity price, credits and other alternatives». He also confirmed the possibility to privatise some electricity related departments of the nuclear plants, while reactors would remain in the state property. Construction and upgrade of the nuclear plants in Russia is also carried out thanks to the investment component in the electricity price, i.e. paid by the electricity consumers.

More News

All news

The role of CCS in Germany’s climate toolbox: Bellona Deutschland’s statement in the Association Hearing

After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.

Project LNG 2.

Bellona’s new working paper analyzes Russia’s big LNG ambitions the Arctic

In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.