Russia might raise subsidies for building nuclear plants by 40% in 2014
MOSCOW. Sept 23 (Interfax) - The Russian government plans to give state nuclear corporation Rosatom a subsidy of 79.8 billion rubles in the form of a capital contribution in 2014.
The resources will be provided for development of nuclear power under the subprogram for development of power generation capacity at nuclear power plants, the federal budget bill for 2014 and the 2015-2016 planning period states.
In the budget for 2013, the capital contribution for development of nuclear power is set at 58.2 billion rubles, or nearly 40% less. However, actual government spending on construction of plants in Russia will not increase in 2014, as 23 billion rubles of the 79.8 billion rubles will go towards the construction of the Akkuyu Nuclear Power Plant in Turkey and this money will be released in December 2013 already, a source in the government's finance and economics team told Interfax.
Overall funding for the development of units of the state corporation will increase to 153.4 billion rubles in 2014 from 124.6 billion rubles in 2013.
The Akkuyu NPP is being under a build-own-operate arrangement, where the Russian side owns the plant. Units of Russian state corporation Rosatom now own a controlling interest in JSC Akkuyu NPP - Rosenergoatom owns 92.85%, Atomstroyexport (ASE) holds 3.47%, Atomenergoremont holds 0.1% and Atomtechenergo holds 0.1%. State-controlled power company OJSC Inter RAO UES owns 3.47%. The cost of the plant is estimated at about $20 billion.
Construction in Russia is currently underway on:
Baltic NPP in Kaliningrad Region, with two VVER-1200 reactors, the first to be completed by 2016 and the second by 2018
Beloyarsk NPP-2 in Sverdlovsk Region, where one generating unit (No. 4) with a BN-800 reactor is under construction and expected to be completed in 2013-2014
Leningrad NPP-2 in Leningrad Region, where two of a total four generating units with VVER-1200 reactors are under construction at the site of LNPP; the first unit at LNPP-2 is to be launched in 2016 and permits to build the third and fourth units are expected to be received in 2015
Nizhny Novgorod NPP in Nizhny Novgorod Region with two VVER-TOI reactors, where the active phase of construction is scheduled to begin in late 2014 or early 2015; the first unit is expected to come on line in 2019 and the second in 2021
Akademik Lomonosov Floating NPP in Vilyuchinsk, Kamchatka Territory with two KLT-40S reactors, scheduled to come on line in 2016
Rostov NPP in Rostov Region, where two generating units (Nos. 3 and 4) with VVER-1000 are being built
Central NPP in Kostroma Region with two VVER-1200 reactors, to be built in 2013-2018
Plans are also on the drawing board to build the Seversk NPP in Tomsk Region with two generating units with VVER-1200 reactors.
There are currently ten nuclear power plants in operation in Russia with a combined 33 generating units with installed capacity of 25.2 GW, and they generate about 16% of the country's electricity. The share of nuclear power in the European part of Russia is 30%, and in the Northwest it reaches 37%. All NPP in Russia are operated by Rosatom subsidiary Rosenergoatom.