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30 July 2008
Russian Prime-Minister Vladimir Putin: About One Trillion Rubles To Be Invested in the Nuclear Industry Development
By 2015 the government will invest about one trillion Rubles into development of the nuclear power and industry. This statement was made by the Prime-Minister Putin at the meeting on development of the nuclear industry in Electrostal.
Vladimir Putin noted that during the last years the nuclear sphere has witnessed a change of the regulation, on March 26 «a new entity took its final shape — the state corporation Rosatom, and a number of major federal special-purpose programs were adopted.
«During the period up to 2015 the government proposes to invest into the recovery of the nuclear power and industry a breathtaking amount of money — almost a trillion Rubles» — said Vladimir Putin.
He underlines that the consolidation of the industry is well in line with the today’s needs. «Growth of the world energy prices gives another chance to develop the nuclear power industry. And let us be frank: while the energy consumption structure is currently dominated by hydrocarbons, and we, thank God, have enough of them, we have a historic chance to also «catch up» in a hi-tech nuclear power industry,» — said Vladimir Putin.
He noted that growing competition leads to «a tougher market situation». «Only big and influential «players» can be successful here. This was another reason for our decision to create a state corporation Rosatom,» — the Prime-Minister said.
According to him, this year Rosatom ranked third in terms of proven uranium reserves. Putin underscored that Russia has a significant potential in this area which should be used efficiently, «subject to unconditional performance of our international obligations in the area of peaceful nuclear cooperation».
Vladimir Putin noted that it is especially important to implement our own ambitious program of nuclear power generation development, reports Interfax.
«In the next 12 years Russian will build 26 new power generating unit which is approximately equal to the number of units built during the entire Soviet period. The objective is to almost double the share of the nuclear power generation in the total power production by 2030. And from 2016 the construction of the nuclear power stations must be funded not from the budget, but from the internal cash flow of the industry itself», — underscored Vladimir Putin.
He noted that currently the nuclear power accounts for 16% of the Russian power generation. «This is not much taking into account that the nuclear power on average accounts for 38% in the developed economies», — said the Prime-Minister.
