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

Barakah Unit 1

Barakah Unit 1 reaches 100% power as it steps closer to commercial operations, due to begin early 2021

UAE - The Emirates Nuclear Energy Corporation, ENEC, has announced that its operating and maintenance subsidiary, Nawah Energy Company, Nawah, has successfully achieved 100% of the rated reactor power capacity for Unit 1 of the Barakah Nuclear Energy Plant. This major milestone brings the Barakah plant one step closer to commencing commercial operations, scheduled in early 2021.

100% power means that Unit 1 is generating 1400MW of electricity from a single generator connected to the UAE grid. This milestone makes the Unit 1 generator the largest single source of electricity in the UAE.

The Barakah Nuclear Energy Plant is the largest source…

READ MORE
harbour air electric plane

Is this the start of an aviation revolution?

READ MORE

wec deal

WEC Energy Group to buy 80% stake in Illinois wind farm for $345 million

READ MORE

Germany's Energy Crisis Deepens as Local Utilities Cry for Help

READ MORE

Two-thirds of the U.S. is at risk of power outages this summer

READ MORE