Construction of floating power station on hold
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

U.S. offshore wind power about to soar
WASHINGTON - Recent offshore lease sales demonstrate that not only has offshore wind arrived in the U.S., but it is clearly set to soar. The level of participation today, especially from seasoned offshore oil and gas developers, exemplifies that the offshore industry is an advocate for the 'all of the above' energy portfolio.
Offshore wind could generate 160,000 direct, indirect and induced jobs, with 40,000 new U.S. jobs with the first 8 gigawatts of production.
In fact, a recent report from the Special Initiative on Offshore Wind (SIOW), said that offshore wind investment in U.S. waters will require $70 billion by 2030…