Enel Considers Nuclear Deal

By The Moscow Times

June 19, 2011

ST. PETERSBURG — Italy's Enel is examining whether to partner Russia on nuclear projects after being forced out of its home market by a nuclear ban, chief executive Fulvio Conti said.

"We have a special relationship with Russia, so we will see what comes out of this," he said Friday in St. Petersburg. An official at Rosatom said last month that Enel was a potential partner on a new plant planned for Kaliningrad. "We will hold our decision [on the plant] until we know more about costs, specific technologies and while increased health, safety and stress tests are conducted," he added.

Italians voted overwhelmingly in favor of a nuclear ban in a referendum last week. Conti said he was comfortable with Enel's position in Russia, where it owns the electricity producer OGK-5.

(Reuters)

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