Rosatom chief Sergei Kirienko set into motion the project of Russia’s first nuclear station to be constructed with involvement of private investors.
Photo: Dmitry Dukhanin
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Rosatom Started Up Chain Reaction
Chief of Russia’s Federal Atomic Agency Rosatom Sergei Kirilenko inked a ruling on arranging construction of Baltic Nuclear Plant in the Kaliningrad region; 49 percent in the plant will be sold to a private investor. The talks are underway with the western companies, which are operating in Russia. But it isn’t the question of joint management, the foreigners are offered no more than financial participation, and therefore, Rosatom is expected to guarantee the payback of investments.
Rosatom announced yesterday that its General Director Sergei Kirilenko inked August 13 a ruling on arranging construction of Baltic Nuclear Plant in the Kaliningrad region. In April, Rosatom agreed with the Kaliningrad region’s authorities to build a nuclear plant of 2.4GW-capacity worth ˆ5 billion. The launch of the first unit is slated for 2015. A special venture is being created to fund the project, and the plans are to give 49 percent in it to a private investor, which Inter RAO is searching now.
According to a source with Rosatom, they are first of all negotiating with nonresident companies represented on Russia’s energy market. “More likely than not, the matter at stake is German E.On, Italian Enel and Finnish Fortum,” Energy Development Fund Chief Sergei Pikin supposed, adding that Electricity de France could emerge amid the bidders as well.
It is the first time that Rosatom is willing to attract a private investor to the projects. But nonresident are in no hurry to join the undertaking. People in Fortum said they don’t intend to make any big acquisitions in Russia in the nearest two or three years. Enel declined to comment for the record, although a source with that company specified that they are analyzing the nuclear energy sector of Russia, considering all opportunities that may arise over a long period. In E.On, they promised to comment later and representatives of Electricity de France couldn’t be reached for comment past night.
www.kommersant.com
All the Article in Russian as of Aug. 28, 2008
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