Rosatom signs agreement for floating nuclear power plant plan

The plant will be located on Russia’s Far Eastern coast.

Alfie Shaw March 28 2024

Russian state-owned nuclear company Rosatom and the Government of Primorsky Krai have signed an agreement for a feasibility study and location options for floating nuclear power units off the state’s coast.

Primorsky Krai borders China and North Korea and is around 250 miles across the sea from Japan. Rosatom said that under the agreement, reliable and carbon-free electricity will be produced for the region. The Unified Energy System operator estimates that the Far Eastern region of Russia will need at least 1.35GW of power by 2029–30.

Andrei Leontyev, Minister of Energy and Gas Supply of the Primorsky Territory, said: “Initially, we see the need for four floating power units to eliminate the energy shortage in the south... in addition to small-scale nuclear energy, we also consider it necessary to create a nuclear power plant with two 600MW units in the medium term for the development of our region.”

Rosatom deputy director-general for Mechanical Engineering and Industrial Solutions Andrey Nikipolev said: “Small-scale nuclear power is a modern green way of stable energy supply with energy costs projected for decades... floating power units with their mobility and scalability are a doubly flexible solution not only to cover the current needs of a region with actively developing industry and infrastructure but also new opportunities that will further expand the economic potential of the region and provide better living conditions for people.”

Rosatom currently has one floating nuclear power plant in operation, Akademik Lomonosov, which is based at Pevek in the north-east of Russia and supplies energy for the town.

Akademik Lomonosov became operational in December 2019. At the time, the reactor was seen as a pilot project for a future fleet of floating nuclear power plants and onshore installations based on Russian-made small modular reactors.

Due to their functionality, they are intended for deployment in disparate areas of Russia’s north and far-east. The operable reactor was named after 18th-century Russian scientist Mikhail Lomonosov, the first native Russian to be appointed to the Academy of Sciences in St. Petersburg in 1742.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close