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Publish date: October 19, 2005
News
The venture is expected to see Russian nuclear agency Rosenergoatom invest some $35 million in the project next year, but some $14 million of this investment may come from the Chinese national EXIMBANK if domestic financing is insufficient.
“We signed a contract with China on terms [for a potential loan if needed], Alexander Polushkin, head of development at Rosenergoatom is quoted as saying in local media. If the Russian government budget funds the project, the loan agreement will be abandoned, if not, under the terms of the loan, Chinese shipyards would build the main power plant housing, which would then be transported to Russia to be outfitted with the reactors.
According to Polushkin, an $85m contract has already been signed with Bohai shipyards of China, which is to be enacted after the Chinese EXIMBANK extends the loan. The final contract with the bank is yet to be concluded but building the station could begin in January 2006. Construction is expected to take five years at a total cost of some $210 million. Izhora and Baltiysky plants in St Petersburg will manufacture reactor equipment. The floating nuclear plant will be placed at the Sevmash plant in Severodvinsk, Arkhangelsk region.
Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
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.
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.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our main focus lies in identifying the factors that contribute to pollution risks and climate change.