Russia eyes Kaliningrad site for 1 gigawatt nuclear power station

Friday, April 18, 2008

MOSCOW (Thomson Financial) - Rosatom nuclear energy agency head Sergei Kiriyenko said Russia wants build a nuclear power plant in the Kaliningrad territory in order to provide electricity to domestic and international markets, Interfax reported.

He added that Rosatom has already chosen a site for the plant, which will have a capacity of more than 1 gigawatt.

Rosatom also plans to call an international tender in order to select an investor for the plant construction.

The winning bidder will also be offered a 49 percent stake in the project.

Kiriyenko expects that European firms will supply 40 percent to 50 percent of the equipment for the plant.

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