Enel, Inter RAO To Collaborate On Future Nuclear Projects

Monday, May 3, 2010

Enel and Inter RAO have signed a memorandum of understanding (MoU) for cooperation in
future nuclear projects and building new technical innovation, energy efficiency, distribution, both in Russia and Eastern Europe.

The companies plan to develop a new nuclear plant in Kaliningrad, which is said to be the first public-private partnership in the nuclear sector in Russia.

The plant will consist of two groups of 1,170MW each and will use the technology of third generation VVER 1200. It is expected to enter into production between 2016 and 2018, with a large proportion of energy to go to neighboring European markets.

Inter RAO will provide the terms and conditions for the participation of foreign investors in the new reactor project as well as specifications for distribution of energy produced. Enel will study the technical, economic and regulatory project to assess the conditions and modalities of its possible participation.

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