Funding of floating NPP to be determined this year

Publish date: March 15, 2004

The Russian Federal Atomic Agency, former Russian Minatom, intends to make a final decision on construction of the floating NPP in Severodvinsk.

The former Russian Nuclear Minister Alexander Rumyantsev told journalists about it on January 29th, PRIME-TASS reported. He said the financing of the floating NPP’s construction would be determined this year. The Russian federal budget or the credits from China, India or Indonesia, which are interested in the low capacity floating NPP project, could finance the construction. The legislation of these countries requires that at least one nuclear unit should already operate in Russia. The approximate price of the plant is $150m.