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16 Apr, 2008 10:49

Russia goes nuclear in Europe

Russia's state nuclear corporation, Rosatom, is inviting international bids to build a nuclear power plant in Kaliningrad, Russia’s enclave in the Baltics. The company is ready to offer a stake of up to 49 per cent in the project, which will cost 5 billio

European firms are likely to win additional orders for up to half of the plant’s equipment.

Rosatom boss Sergey Kiriyenko says initial talks have already been held with European suppliers.

An agreement on the construction of the nuclear plant was signed on Wednesday between Rosatom and the government in Kaliningrad.