Construction of floating power station on hold
CORDOBA, ARGENTINA - The construction of Russia's first floating nuclear power plant, Academiciam Lomonosov, has been put on hold because the Sevmash factory, its main contractor, is facing budget shortfalls.
The company is a Defense Ministry factory whose priority is fulfilling military orders.
In May, Russian officials announced that the delay in the building of the floating nuclear power plant would not last more than five months, adding that the plant would be ready in 2011 instead of the originally estimated date of 2010.
The controversial power station is equipped with two 30-MW KLT40C reactors housed in ice-breaking vessels. The construction, which is estimated at more than $336 million, is 60% complete.
The floating nuclear power plant will supply electricity to the town of Severodvinsk and will cover the nearby Sevmash shipbuilding plant's energy needs.
Related News
States have big hopes for renewable energy. Get ready to pay for it.
ALBANY - A generational push to tackle climate change in New York is quickly becoming a pocketbook issue headed into 2024.
Some upstate New York electric customers are already paying 10 percent of their utility bill to support the state’s effort to move off fossil fuels and into renewable energy. In the coming years, people across the state can expect to give up even bigger chunks of their income to the programs — $48 billion in projects is set to be funded by consumers over the next two decades.
The scenario is creating a headache for New York Democrats grappling with the…