Tuesday, October 9, 2012

Russia's Rosatom set to invest in UK new nuclear development

Russian state nuclear energy corporation Rosatom is expected to announce Tuesday plans to invest in the UK's ambitious new generation nuclear goals.

Rosatom head of international business Alexey Kalinin is speaking in London before a meeting organized by the Centre for Policy Studies as part of the Conservative Party conference where he will discuss Rosatom's willingness to develop a new nuclear skills base in the UK.

In April this year Rosatom had expressed interest in the 6 GW Horizon nuclear project, telling the London Daily Telegraph that it saw the UK as a "potentially attractive" market for nuclear development. However, the company did not place a bid by the Friday, September 28 deadline.

Tuesday's announcement comes shortly after French nuclear developer Areva backed out of plans to bid for the Horizon project with China Guangdong Nuclear Power Holding, having been the front-runner for the bid for months, in what was seen by many as a blow to the UK government's goal of encouraging 16 GW of new nuclear over the coming years.

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