Russia to build nuclear plant in Kaliningrad
KALININGRAD, RUSSIA - Russia's nuclear energy monopoly Rosatom has agreed on the construction of a new power plant in Russia's European enclave of Kaliningrad, the company said.
Rosatom chief Sergei Kiriyenko inked the deal on August 27 for the construction of the plant about 120 km from the capital of the Baltic Sea exclave between Poland and Lithuania.
The plant will have two reactors with a total capacity of 2300 MW by the first stage of construction in 2015. When plans for the plant were announced in April, Kiriyenko highlighted the export potential of the project.
The Rosatom head also said the company was prepared to allow up to 49 per cent of the plant to be held by foreign investors. But the plan for a nuclear plant in the European enclave has provoked protests among neighbouring countries over environmental and safety concerns.
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Hitachi freezes British nuclear project, books $2.8bn hit
TOKYO - Japan’s Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a write down of 300 billion yen.
The suspension comes as Hitachi’s Horizon Nuclear Power failed to find private investors for its plans to build a plant in Anglesey, Wales, which promised to provide about 6 percent of Britain’s electricity.
“We’ve made the decision to freeze the project from the economic standpoint as a private company,” Hitachi said in a statement.
Hitachi had called on the British government to boost financial support for the project to…
