Subject: [cwj 95] Russia Urges Japan to Invest in Nuclear Power Plants
From: Corporate Watch in Japanese <>
Date: Wed, 06 Sep 2000 18:31:34 -0700
Seq: 95

Russia Urges Japan to Invest in Nuclear Power Plants 

Text of report in English by Russian news agency ITAR-TASS 

Tokyo, 6th September: Russia wants Japan to invest into its
programme of construction of nuclear power plants (NPP) in the Far
East and pay back with electricity. 

Atomic Energy Minister Yevgeniy Adamov told reporters on
Wednesday [6th September] that it would be more profitable for
Japan to invest in NPP construction in Russia and import the
electricity rather than to build its own nuclear power plants. 

He explained that construction costs of a nuclear power unit in
Russia are 3.5 times less than in Japan. "Electricity deliveries would
be a guarantee of the return of Japanese investments," he said. 

The total capacity of nuclear power plants, which are planned to be
built in the Russian Far East, may reach 12 gigawatts, according to
the minister. Last May the Russian government approved the
strategy of the development of nuclear power engineering, which
provides for the construction of nuclear power plants in the Russian
Far East between the years 2010 and 2020. 

Adamov said the number of power plants, their capacity, type and
construction time depend on the demand for electricity in the Far
East and on whether or not electricity will be exported.

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