Support The Moscow Times!

Rosatom Offers Package Deal

State-owned nuclear company Rosatom is offering a special package deal to build and operate nuclear power stations abroad in a bid to win business from developing countries, a company official was quoted on Monday as saying.

The offer to "Build, Own, Operate" (BOO) also includes financing to countries seeking to build nuclear plants.

Rosatom, a major competitor for groups like Areva, Toshiba-owned Westinghouse and Japan's Mitsubishi Corp. has built nuclear reactors abroad in the past, but has so far handed over their operation to domestic utilities.

Deputy Chief Executive Nikolai Spassky told French daily Le Figaro that the formula was crucial for selling reactors to developing countries that do not yet have their own nuclear sector and trained staff.

"With this model, we are fully responsible for the plant's security," Spassky was quoted as saying.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.