Defense Ministry to form four divisions in 2017, including one to protect KurilsMilitary & Defense February 22, 13:42
SpaceX waves off space station cargo deliveryScience & Space February 22, 13:37
Over 80% of Russia’s missile units rearmed with Iskander tactical systemsMilitary & Defense February 22, 13:35
Kremlin disagrees with latest Amnesty International reportRussian Politics & Diplomacy February 22, 13:21
Funeral ceremony for Vitaly Churkin scheduled for February 24 in MoscowRussian Politics & Diplomacy February 22, 13:18
Kremlin denies commissioning dossier on Trump’s psychological makeupRussian Politics & Diplomacy February 22, 13:15
Amnesty International reports warring sides in eastern Ukraine ‘enjoying impunity’World February 22, 13:03
Press review: Jailed pilot mother's plea to Trump and Russia's plan for de-offshorizationPress Review February 22, 13:00
Kremlin respects Supreme Court’s ruling on opposition activist DadinRussian Politics & Diplomacy February 22, 12:57
HELSINKI, February 25. /ITAR-TASS/. Russia intends to finance the construction of Hanhikivi-1 nuclaer power plant in north-western Finland from the Russian National Welfare Fund, State Nuclear Energy Coropration Rosatom Chief Sergei Kiriyenko told a news conference on Tuesday.
Rosatom won the tenders and gained support of the Russian government, which is prepared to invest into the project from the National Welfare Fund, Kiriyenko said. He explained that the funds would be borrowed from the budget reserve and that the money would not be needed in Russia for several dozen years. A number of banks had earlier declared that they were ready to finance the project on advantageous terms, Kiriyenko added.
Rosatom's affiliate "Rusatom Overseas" and the Finnish Fennovoima nuclear consortium signed a contract on the construction of the nuclear power plant in the end of December 2013.
Under the contract, Rusatom Overseas is to provide a nuclear reactor with a capacity of 1,200 Megawatt. Rusatom is entitled to 34% of shares at the Fennoima Charter capital.
The construction of the nuclear power plant will not start until 2015. According to media reports, the cost of the project is €6.5 billion, including €1.6 billion contributed by Fennovoima, and the Rusatom OverSeas financing the remainder.