Rosatom ready to discuss cooperation on the construction project of the Baltic nuclear power plant – Business & Economy

MOSCOW, July 6 / TASS /. Russia’s state nuclear cooperation Rosatom is open to a dialogue with potential investors in the construction project of the Baltic nuclear power plant (AKW), the organization told reporters on Tuesday.

“The market interest of potential investors in the project today shows the prospects for high demand from industry and the population for a stable energy source with calculable kilowatt hour costs. The Rosatom Group remains open to dialogue with interested parties, ”said Rosatom.

According to previous reports, Poland’s private energy company ZE PAK has confirmed its potential interest in investing in the completion of a nuclear power plant in the Russian Baltic exclave of Kaliningrad. According to unofficial information from the Polityka Insight portal, the Hungarian energy company MVM – the country’s largest electricity producer and operator of the Paks nuclear power plant – could become a partner in the project.

According to Rosatom, the Generation 3+ Baltic Sea NPP is a promising regional energy project that can meet the need for a basic power source without CO2 emissions and thus contribute to the European Union’s plans to decarbonise its economy.

About the NPP

Construction of the Baltic Sea nuclear power plant began 120 km from the Russian Baltic Sea exclave Kaliningrad and 60 km from the coast of the Curonian Lagoon. The NPP project envisages the construction of two VVER power plants with a capacity of at least 1170 MW each. The cornerstone ceremony for the future nuclear power plant was laid on February 25, 2010. The first power plant block should initially be put into operation in 2016 and the second in 2018.

However, the project was suspended in 2014, mainly due to the need to find a buyer for the electricity generated by the facility. At the same time, Rosatom never gave up on the project and planned to review its technical specifications. The company also continued discussions with European companies about future electricity supplies.