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Russia’s fast nuclear reactor project is postponed

Rosatom postpones fast reactor project, report says, WNN, 13 August 2019

Rosenergoatom is expected to receive about RUB280 billion (USD4 billion) less in state funding for the construction of new nuclear reactors in Russia owing to the postponement of its fast neutron reactor programme, Russian newspaper Kommersant reported last week, citing anonymous sources. Rosenergoatom is the nuclear power plant operator subsidiary of Russian state nuclear corporation Rosatom.

Rosatom’s investment plan received preliminary approval during a meeting in the Russian Energy Ministry on 2 August, according to the article, with funding out to 2035 to total RUB880 billion and not the RUB1.16 trillion Rosatom had allocated for the two new VVER-1200 units under construction for the Kursk II project, units 3 and 4 for the Leningrad II project and a BN-1200 fast reactor at Beloyarsk. Commissioning of the BN-1200 has been postponed to 2036, the article said, from the previous target of 2027.

Financing to pay for the new units will be paid back over 20 years, with an average rate of return on investment of 10.5% per year, the article said. Rosatom is prepared to consider a lower rate of return, it added.

Russia’s new investment cycle for its electricity sector will also take into account modernisation work at thermal power plants, the construction of remote energy facilities and the development of renewable energy sources. The funds must however be “distributed among market participants so that wholesale energy market prices do not rise above inflation”, the article said. The reduction in funding reflects “the restriction on tariff growth by inflation”, it added, and thus the launch of the BN-1200 will “most likely be postponed to 2036 in order to reduce energy market spending”……. http://www.world-nuclear-news.org/Articles/Rosatom-postpones-fast-reactor-project-report-say

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August 17, 2019 - Posted by | Russia, technology

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