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Publish date: October 8, 2004
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The price-tag of the project is over $200m. The Finnish government will give the final answer to this investment offer not before 2005. The main stockholder of the United Energy Oy is the Russian company Baltenergo, which according to the Chief Counsellor of the Finnish Ministry of Trade and Industry Arto Rajala belongs to the Rosenergoatom concern and the Finnish company Kotkan Energia. The representatives of Kotkan Energia said they would not invest in the project itself but they could provide the infrastructure for the energy reception in Finland and its further transfer to the Scandinavian energy system.
The length of the cable is estimated about 150 km. The Finnish bureaucrats are not sure if this project is necessary. Arto Rajala said the biggest concerns are about the capacity of the Finnish energy system, which should additionally consume so much extra energy. It is not clear what consequences this project can cause to the Finnish and Scandinavian energy system as well as environment, Business St Petersburg reports.
Throughout the past year, our mission at the Bellona Environmental Transparency Center has focused on two key, but intertwined issues—nuclear and radiation safety as Russia’s invasion of Ukraine drags on, and the worldwide influence of Rosatom, Russia’s state nuclear corporation, which itself is actively involved in the war and has participated in the occupation of a Ukrainian nuclear power plant.
At the beginning of the year, reports in the German and Russian press suggested an approximate 70% increase in uranium imports from Russia to Germany in 2024. But does this reflect broader European trends? It does not. Overall, imports of uranium and nuclear fuel from Russia to Western countries actually dropped sharply in 2024. Unlike the situation in Germany, this is already an established trend.
A Lingen, Germany plant could begin producing nuclear fuel in cooperation with a subsidiary of Rosatom, Russia's state nuclear corporation, which is directly involved in the war in Ukraine and occupying the Zaporizhzhia nuclear power plant.
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.