Rosenergoatom plans to attract $350 million in investment in 2006

14 September 2005

Russia’s Rosenergoatom, the state-owned nuclear generator, plans to attract up to $350 million in investment in 2006.

According to comments attributed to the company’s financial director Pavel Romanov, the group is negotiating a loan with Russian savings bank Sberbank and has already reached an agreement with Vneshtorgbank, which would give it about $500 million in several tranches.

The funds are expected to be used for the completion of unit 2 of the Volgodonsk nuclear plant in southern Russia. With the project expected to cost of the order of Rb 36 billion ($1.27 billion), Rb 8 billion ($283 million) of which are from internal funds, the rest will be raised between 2005 and 2008.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.