nuclear-news

Russia joins the feeding frenzy to sell nukes to UK

Russia eyes stake in UK nuclear plants http://www.telegraph.co.uk/finance/newsbysector/energy/9594476/Russia-eyes-stake-in-UK-nuclear-plants.html By Emily Gosden  09 Oct 2012 Russia is seeking a stake in the UK’s nuclear new-build programme, in a boost for the Government’s energy plans. Alexey Kalinin, of Russian
state nuclear corporation Rosatom, will today say that it is willing to invest in the UK’s reactor programme.
Speaking at a Centre for Policy Studies event, he is expected to explain that Rosatom is seeking a “foot in the door” to the UK’s nuclear market, most likely though acquiring a stake in one of the new-build plans.
Its long-term ambition is to use its own reactor technology in the UK but getting regulatory approval for its design could easily take five years.
Rosatom had expressed interest in – but decided against – bidding for
the Horizon nuclear venture, which plans plants on Anglesey and in
Gloucestershire and was put up for sale by German utilities in March.
However, it could yet offer financial backing to one of the bids that
have been submitted by rival reactor makers, or potentially express
interest in buying into EDF Energy’s planned project at Hinkley Point
in Somerset. EDF is already in talks with Chinese corporations about
sharing the project’s estimated £14bn cost. Rosatom has a cooperation
agreement with Areva, whose reactor design will be used at Hinkle

October 10, 2012 - Posted by Christina Macpherson | marketing, Russia