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The News That Matters about the Nuclear Industry

Russia keen to put Philippines into debt as it markets its Rosatom nuclear reactors

Duterte dials Russia for nuclear power future, Joel Guinto, ABS-CBN News,  Jun 19 2017 “…….President Rodrigo Duterte is bringing the Philippines closer to tapping nuclear power than any of his immediate predecessors by dialing Russia, which is offering its technology to the world. Duterte’s government forged an agreement with the Russian State Atomic Energy Corp. (ROSATOM) for the possible development of nuclear infrastructure, personnel training, and courting public support for the technology following his visit to Moscow last month.

Russia also offered to supply the Philippines with nuclear power barges and capsules.

ROSATOM on Monday opened an showcase of Russian nuclear technology, hoping to attract new clients from around the world, including the Philippines.

“We want to cooperate and be partners” said Sergey Kirienko, first deputy chief in the office of Russian President Vladimir Putin……

Project financing is the biggest concern of developing economies that seek to tap nuclear power, said Iliya Rebrov, economic and finance director at ROSATOM.

Rebrov said ROSATOM helps its clients secure funding from various sources, including loans.

“The key competitive factor is the ability of the contractor to arrange financing,” Rebrov said, citing a recent wind-farm project in southern Russia that was financed with Gazprombank.

ROSATOM is “very confident” in the world market as it diversifies its offerings to meet growing demand, said Kirill Komarov, the company’s First Deputy Director general for corporate development and international business. http://news.abs-cbn.com/focus/06/19/17/duterte-dials-russia-for-nuclear-power-future

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June 21, 2017 - Posted by | marketing, Philippines, Russia

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