Russian Nuclear Group builds 39 offshore power generation plants

Thanh Hà |

The cost of building the Akkuyu nuclear power plant in Turkey is temporarily at $24-25 billion, paid entirely by Russia.

Rosatom is building 39 offshore generators and 7 more in Russia, TASS quoted the CEO of Russian state nuclear giant Rosatom Alexey Likhachev as saying.

We have 39 overseas orders, said Rosatom CEO.

Mr. Likhachev added that the cost of building the Akkuyu nuclear power plant in Turkey is temporarily at 24-25 billion USD. He noted that so far, the cost of building the Akkuyu nuclear power plant is entirely paid by Russia.

In April this year, the Financial Times reported that Russian state-owned energy company Rosatom was busy promoting new business activities in Africa.

In March, speaking at African Energy Indaba in Cape Town, South Africa, Rosatom CEO of Central and South Africa, Ryan Collyer urged the most industrialized country on the continent - South Africa - to promote the nuclear program. In 2014, the Russian company signed an intergovernmental agreement to build eight nuclear reactors, supplying 9.6 GW of electricity to South Africa, at an estimated cost of $76 billion.

According to the Paris-based International Energy Agency (France), while nuclear power provides about 10% of the world's electricity, the Koeberg plant in Cape Town is the only nuclear power plant on the African continent.

However, in recent years, several African countries have announced plans to build nuclear power plants, including Uganda, Rwanda and Kenya.

Russia has quickly pledged to support African countries with nuclear ambitions. Experts say that African countries will invest more in gas infrastructure and expand nuclear access. And Rosatom is confident it can gain a significant stake in this market.

In early April, at the two-day Atomexpo energy conference, held in Sochi, Russia, Rosatom announced that it had signed nuclear energy cooperation agreements with Mali, Burkina Faso and Algeria. In October last year, Rosatom said it would build a nuclear power plant in Burkina Faso - a country where the World Bank estimates only 19% of its population has electricity.

In January this year, Rosatom announced that construction had begun on the fourth nuclear reactor at the El Dabaa nuclear power plant in Egypt, worth $30 billion, about 300 km from Cairo. The El Dabaa nuclear power plant is considered one of the world's two largest nuclear construction projects. Egypt borrowed $25 billion from Russia to build the El Dabaa power plant, expected to repay the debt within 35 years at an interest rate of 3%/year.

The Financial Times notes that Rosatom plays a central role in the global nuclear power chain. Currently, Rosatom provides more than a fifth of the enriched uranium fuel used to power nuclear reactors in the US and Europe, as well as meet half of the uranium demand of countries like Hungary.

Thanh Hà
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