China And Russia Close To Signing New Nuclear Power Accord

China and Russia are about to renew their vows on nuclear power, an anonymous source said over the weekend.

The two countries are discussing a new round of agreements on nuclear power, the source said.

A year ago, Russia and China signed a memorandum of understanding that led to deals, including initial agreements on construction of floating nuclear power stations.

On Monday, the head of the state-run corporation Rosatom Sergei Kiriyenko, said that the company was undeterred by economic headwinds and would press ahead with its nuclear export business.

Also nearing completion are discussions of the two-unit project at the Tianwan Nuclear Power Plant in eastern China. Construction of two advanced reactors there have been on hold.

In recent months, Rosatom's 's international presence has grown to include deals or cooperation agreements with Hungary, Egypt and Jordan. In late March, Rosatom signed a $10 billion deal to construct Jordan's first nuclear power plant.

A Rosatom spokesman said that international tenders for the planning phase of the Jordan nuclear build would be announced in April. If all proceeds smoothly, Jordan is expected to have a nuclear power plant operational by 2021.

Rosatom and Finland are also moving forward on the proposed Hanhikivi nuclear power plant in central-western Finland with plans that call for construction of a Russian-designed VVER-1200 pressurized water reactor.

In addition, Rosatom subsidiary Akkuyu NGS Electrik Uretim Corporation is scheduled to construct and operate a four-unit plant in Turkey, consisting of four 1,200 MW VVER reactors.

Kiriyenko noted Monday that Rosatom's international deal-making had tripled in the past three years. “The macroeconomic situation helps us,” he said..

Despite the Fukushima Daichi nuclear power station disaster, which was triggered by a March 2011 earthquake, Rosatom's foreign contracts rose 42.8 percent from 2011 to 2013, reaching a value of $72.7 billion (up from $50.9 billion). Rosatom now expects to have 80 nuclear reactors on order by 2030, The National reported Sunday.

Although Germany pulled back from nuclear power after March 2011, the number of countries considering advancing nuclear power rose from 2011 to 2013 from 11 to 19, according to the International Atomic Energy Agency.

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