Cookies on the ICIS website

close

Our website uses cookies, which are small text files that are widely used in order to make websites work more effectively. To continue using our website and consent to the use of cookies, click away from this box or click 'Close'

Find out about our cookies and how to change them

Russia’s Rosatom to build nuclear electricity unit in Kaliningrad despite lack of buyers

04 Jan 2012 13:47:05 | edem

Russian state-owned nuclear energy company Rosatom is going ahead with plans to build its 2.4GW Kaliningrad nuclear electricity plant, despite the lack of purchase agreements with neighbouring countries.

Rosatom's nuclear plant project in Kaliningrad is on schedule, and the first block of the 2.4GW station will come on line at 2016 as initially planned, the company confirmed to ICIS Heren by email.

"Even if today some of the Baltic countries have declared their refusal to purchase electricity from the Baltic nuclear power plant, it does not rule out that by the time the station is in operation matters will not change, and that energy cannot be claimed by other market participants," the company insisted.

Neighbouring Lithuania and Poland are both building their own nuclear power plants.

Lithuania previously refused an offer from Rosatom to invest in the Kaliningrad plant (see EDEM 29 March 2010), and Poland stated that they are not even interested in buying power from the station (see EDEM 9 December 2011). It has been rumoured that Rosatom was planning to build an interconnector from Kaliningrad to Germany, but the company itself denied any such plans.

Citigroup analyst Piotr Zielonka noted that Russia was aiming to build the nuclear plant before Lithuania, thus eliminating a need for the second power plant in the region.

Rosatom is building 21 units in nine countries, at various stages of readiness with contacts signed, with four plants in Europe and five in Asia, Rosatom told ICIS Heren.

In Europe, this activity includes ten new units totalling 13.8GW, including two units at the 2GW Khmelnitsky nuclear power plant in Ukraine.

The company confirmed building two new 1GW units at Belene in Bulgaria, four units at the Akkuyu plant totalling 5GW in Turkey, two units at Khmelnitsky nuclear power plant with estimated total capacity of 2GW in Ukraine and two units totalling 2.4GW in Astravets, Belarus. SR

Other Related Stories

Other Options