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Business news, 24.05.2005 17:12

Atomic Station at Sea

Rosenergoatom Rosenergoatom boss Stanislav Antipov announced that the federal nuclear power agency has finalized plans for a new floating nuclear power station in the Arkhangelsk region, Interfax reported Saturday.

The project was first proposed in 1986, but abandoned after the Chernobyl disaster. Rosenergoatom returned to the idea because of a shortage of electricity generation in the region.

At a press conference in St. Petersburg, Antinov confirmed that Rosenergoatom is ready to appoint a shipyard to begin work on the power station's floating base and that they were "seeking finance for the project's realization". Potential investors include Russian and international banks, as well as the federal government

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