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Nuclear industry development vital for Russia, PM says

      RBC, 29.07.2008, Moscow 18:31:50.Russia must implement its ambitious program of nuclear generation development, Russia's Prime Minister Vladimir Putin said during today's meeting in Elektrostal, a city located in the Moscow region. The PM noted that 26 new nuclear power blocks would be constructed in Russia over the next 12 years, which was more than during the entire Soviet period. Putin stressed that starting in 2016, the construction of the nuclear power plants would be financed not from the federal budget, but from the sector's own investment resources.

      The PM reiterated that nuclear power accounts for 16 percent of the total energy generated in Russia, whereas this figure amounts to 38 percent in developed countries. He also stated that power grid infrastructure needed to be created before the launch of the nuclear power plants so that they could work at full capacity.

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