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Russia Signs Deal to Build New Nuclear Reactors in the UK via Oilprice.com

On Thursday, Rosatom, the state-owned, Russian nuclear energy company, announced that it had signed an agreement with Rolls-Royce of the UK, and Fortum, a Finnish utility company, to build nuclear power plants in Great Britain.

In a statement Rosatom said that “a cooperation agreement was signed between Rosatom state corporation, Rolls-Royce and Fortum whose goal is to jointly study the possibilities for building and maintaining nuclear power stations with water-water power reactors in Britain.”

The agreement was completed during talks between Rosatom CEO Sergei Kiriyenko, and Michael Fallon, the British Business and Energy Minister.

Britain has been looking for foreign investment and expertise to help it replace its ageing nuclear power plants before 2025. The UK has chosen nuclear power, amongst other renewable energy sources, to help keep its carbon emissions footprint low, but has struggled to develop its nuclear new build programme due to regulatory delays, and arguments over how much public money should be used.

Continue reading at Russia Signs Deal to Build New Nuclear Reactors in the UK

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