Rosatom

EU gives green light for Hungarian nuclear deal with Russia

Thursday, April 23, 2015

Hungary said Monday that the EU's nuclear body Euratom has signed a fuel supply agreement, clearing the way for Russia to build the extension of the country's sole nuclear plant.

Under the deal -- agreed with Euratom at the end of March -- Russia will be able to supply fuel for two new reactors at the Paks plant in central Hungary over a 10-year period.

Posted in | »

Rosatom woos EU with guaranteed low electricity price

Friday, April 17, 2015

An official of Russian state nuclear firm Rosatom told a Brussels audience that his company could guarantee a levelized price for electricity of $50/MWh from new nuclear plants it builds, if the client chooses the firm's services for their lifecycle. According to EU policies, however, fuel supply should be diversified.

Speaking at an event organised by New Nuclear Watch Europe, Kirill Komarov, First Deputy CEO of Rosatom, said that his company was the only one able to guarantee a low price for electricity, if European countries chose the full package of its services.

Posted in | »

Hungary-Russia nuclear deal faces EU obstacle

Monday, February 23, 2015

Hungary’s deal to award up to €12bn in nuclear power contracts to a Russian state-owned company is facing a growing threat from EU regulators who have the power to block the project.

A veto or prohibitive fine from Brussels would be a bruising setback for Viktor Orban, Hungary’s prime minister, who has made the project the centrepiece of his strategy to forge deeper political and economic ties with Russia, despite the ostracising of Moscow by the west over Ukraine.

Posted in | »

Signatures on engineer assessment of Turkey’s first nuclear plant forged: Report

Tuesday, January 13, 2015

The signatures of two nuclear engineers who prepared the environmental impact assessment report (ÇED) for Turkey’s prospective nuclear plant in Akkuyu were forged, ahead of the final approval of the mandatory document to allow the facility’s construction, daily BirGün reported Jan. 12.

The plant is scheduled to be built in the southeastern Mediterranean district of Akkuyu.

According to the report, an expert analysis carried out upon the demand of the Chamber of Turkish Engineers and Architects (TMMOB), which closely monitors legal procedures, has revealed that signatures were forged twice at different stages of the process.

Posted in | »

Finland under more pressure over Russian N-plant plan

Monday, September 29, 2014

Finland’s government has come under renewed pressure over its decision to approve a Russian-built nuclear reactor after legal experts questioned the independence of the economy minister responsible for the plan.

There were claims that technical plans for the plant were based on a flawed and outdated design by Rosatom, the Russian state-owned company that holds a 34 per cent stake in the project.

Olli Rehn, the Finish MEP and former EU economics commissioner, wrote on his blog on Sunday night that the plan for the Fennovoima nuclear plant was “economically uncertain and politically crippled”.

Posted in | »

Russia claims it is still talking with Ukraine over nuclear project

Thursday, August 28, 2014

Russia’s nuclear agency Rosatom has said that negotiations are still underway on expanding Ukraine’s Khmelnitsky Nuclear Power Plant despite reports this week that Ukraine had cancelled the project.

As tensions mounted in Ukraine yesterday, with its government announcing the capture of nine Russian soldiers on Ukrainian territory, a Rosatom representative told Russian news agency RIA Novosti that it had not received any notice about Ukraine’s pulling out of the construction project to build the third and fourth power units at the plant, and that both sides are continuing negotiations.

Posted in | »

Sberbank to Lend $1.1 Billion to Slovakia's Largest Power Company

Wednesday, June 11, 2014

Slovensko Elektrarne Will Have to Buy Russian Nuclear Exports

MOSCOW—Russia's largest lender Sberbank (SBER.MZ +0.11%) has agreed to provide a loan of €870 million ($1.18 billion) to Slovenske Elektrarne, some of which Slovakia's largest power company will have to spend on Russian nuclear exports, the companies said Tuesday.

The deal signed Monday follows a memorandum of understanding the two parties sealed at an international business forum in St. Petersburg in May, which came against a backdrop of cooling relations between Russia and the West over Ukraine crisis.

Posted in | »

Russia to Help Kazakhstan Build Nuclear Power Plant

Friday, May 30, 2014

ASTANA, May 29 (RIA Novosti) – Russia and Kazakhstan have signed a memorandum on the construction of a nuclear power plant in Kazakhstan during a Supreme Eurasian Economic Council session in Astana on Thursday.

The agreement was signed by nuclear corporations Rosatom and Kazatomprom in the presence of Russian President Vladimir Putin and his Kazakh counterpart Nursultan Nazarbayev.

Posted in | »

Finland's Kesko drops out of Fennovoima nuclear project

Thursday, March 27, 2014

(Reuters) - Finnish retailer Kesko on Thursday said it would drop out of the Fennovoima consortium and its planned 4-6 billion euro nuclear reactor, citing increased risks in the project.

Following Kesko's exit, Fennovoima's Finnish ownership could drop below the required 50 percent of shares, complicating the project.

Russia's state-owned Rosatom, which is due to supply the reactor, has taken a 34-percent stake in the project, and Fennovoima's Finnish owners, including 43 companies, have been looking for new Finnish investors.

Posted in | »

Russian state nuclear firm in talks to build power station in the UK

Thursday, March 13, 2014

Britain is in talks with the Russian state nuclear company about building a nuclear power station in the UK, an official said on Tuesday.

Hergen Haye, head of new nuclear development at the Department of Energy and Climate Change (DECC), told students at Edinburgh University that active discussions were taking place in London after a memorandum of understanding had been signed with Russia. "I can tell you that, behind closed doors and with microphones switched off, there are interesting debates happening in Whitehall," he said. "Russia wants to build a nuclear power station in the UK."

Posted in | »