Russian Federal Atomic Energy Agency (Rosatom) Director Sergey Kirienko
Photo: Ilya Pitalev
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Federation Council Approves Atomprom Creation
The upper house of Russia’s parliament, the Federation Council, has approved the Act to reform civil assets of Russian Federal Atomic Energy Agency (Rosatom), the Interfax news agency reported.
According to the Act that has the senators' sanction already, a united holding, Atomprom, will emerge in Russia by decision of president. Its authorized capital will be established by the stocks contributed by joint-stock companies set up on the assets of government enterprises of the nuclear energy complex.
Atomprom will be a complete-cycle corporation with activities ranging from uranium production to production of electric energy and construction of new power plants provided, however, they are not of defense designation.
Pursuant to the new Act, all deals on transferring the holding’s stocks to the trust management of some entities will be made only by consent of the president of Russia. But the Act will cover no enterprises or companies of nuclear defense complex, which structure is also determined by president.
Atomprom’s creation is just a part of the reform of Russia’s nuclear industry. Rosatom chief Sergey Kirienko suggested consolidating all civil assets of nuclear industry into a holding, Atomprom, to boost the share of nuclear energy in the country’s balance from 16 percent to 25 percent. Atomprom is expected to incorporate such industry’s giants as TVEL, Tekhsnabexport and others.
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