Rosatom and Russian Machines plans for JV to build brand-new-design reactors

The State Corporation Rosatom and Russian Machines company are planning to set up a joint venture to develop a nuclear power plant with SVBR reactor (modular lead-bismuth-cooled fast neutron reactor), Vladimir Petrochenko, the Russian Machines’ power machine engineering director, told journalists on July 9. He said the company was ready to invest about US$400m-US$500m in the project aimed at building a 100-megawatt nuclear power plant in Obninsk, Kaluga Region. The project is to take five to seven years with completion by 2015. According to Petrochenko, the project is in the technical and economic concurrence process...