Russian nuclear power industry needs investments

Publish date: April 26, 2005

The Rosenergoatom concern’s general director believes an investment program is necessary for the Russian nuclear power industry.

The Russia’s state-owned nuclear generation company Rosenergoatom launched two million kW of new capacities from 2001 to 2004, said the Rosenergoatom concern’s general director Oleg Sarayev at the Russian Energy Forum on March 21, RIA-Novosti reported. He said the nuclear industry needs investment programs as the current investment sources do not provide regeneration and development of the nuclear power plants. He said 1.26 billion roubles (about $45m) are needed for nuclear energy development.

If by 2020 the Russian nuclear power plants reach 270 million kW electricity production then investment deficit can be 350 million roubles (about $12.6m). Sarayev believes the nuclear power industry should develop in the following directions: construction of new reactor units, development of the design base and infrastructure, prolongation of the existing units for 10-20 years more.