Rosatom secures state funding for foreign projects

Rosatom is to receive state funding of $1.78 million for its voluntary contribution to the International Atomic Energy Agency (IAEA) and RUB109.5 million ($1.86 million) for nuclear industry infrastructure development in third countries. The government published the funding plan, part of the 2017-2019 Development of the Nuclear Power Industry state program, on 3 February.

"Budget allocations will be provided to implement projects as part of the IAEA Technical Cooperation Program to develop nuclear energy infrastructure with respect to training staff in countries building or planning to build nuclear power stations using Russian technologies. Funds for these purposes are provided in the federal budget for 2017 and the planning period of 2018-2019," the government said.

Rosatom is to coordinate Russia's participation in the implementation of these projects and oversee the use of funds allocated for these purposes.

"The decision will have a positive impact on the development of Russia's nuclear power industry and will help strengthen Russia's economic influence on the world market of nuclear energy goods and services," it said.

Researched and written
by World Nuclear News