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Russian “Nuclear Renaissance” Hits Roadblock

Russian “Nuclear Renaissance” Hits Roadblock msnbc Business 27 Feb 09 Financial resources and technical capabilities thwart ambitious plans Russia’s ambitions for its “nuclear renaissance” face many obstacles, concludes a report released today by The Centre for International Governance Innovation (CIGI).

The Russian Nuclear Industry: Status and Prospects provides a detailed analysis of the current state of the nuclear power industry in Russia and shows that although this industry has recently been greeted with renewed funding and enthusiasm, achieving its ambitious plans will require it to overcome considerable problems and limitations.

“Continuing a tendency from Soviet-era days, the Russian government has shown a predilection for developing grandiose plans for the expansion of the nuclear energy sector that are not fulfilled,” writes Miles Pomper, author of the paper. “While the first post-Soviet nuclear plans called for a total of 38 new nuclear reactors to be built, only three have actually been constructed and with capabilities that are not superior or even equal to its Western competitors.”

Russian “Nuclear Renaissance” Hits Roadblock – MSNBC Wire Services – msnbc.com

February 27, 2009 - Posted by Christina Macpherson | business and costs, Russia