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Russia Says Nuclear Sector Open To Foreign Investment

Sergei Kiriyenko, director of the Russian Nuclear Power Agency (Rosatom), said Russia is ready to invest in NPP projects abroad.
by Staff Writers
 Moscow (RIA Novosti) Jul 02, 2008
 Russia's nuclear industry is open to both domestic and foreign investors, a Russian deputy prime minister told an international nuclear forum on Wednesday.

"In addition to large-scale investment of state funds, we have grounds to count on substantial private investment. The Russian nuclear sector is now open to cooperation. Furthermore, not only with domestic businesses, but also with foreign investors," Sergei Ivanov told an international forum, ATOMCON-2008.

He said construction of nuclear power plants was one of Moscow's priorities for the energy sphere, adding that Russia plans to build 26 new NPPs by 2020.

"The peaceful uses of atomic energy are virtually unlimited, while modern technology guarantees its safety," he said.

The deputy prime minister said that Russia "is ready to expand cooperation with foreign partners in the supply of materials and the provision of services related to the nuclear fuel cycle."

Addressing the forum, Sergei Kiriyenko, director of the Russian Nuclear Power Agency (Rosatom), said Russia is ready to invest in NPP projects abroad.

"We are ready to invest in the construction of nuclear power plants abroad, share risks and sell electricity," he said.

Source: RIA Novosti

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