On September 3, 2021, on the sidelines of the Eastern Economic Forum, the Ministry for the Development of the Russian Far East, the Republic of Sakha Yakutia and ROSATOM have signed an agreement to implement a carbon-free nuclear generation project. Under the agreement, the parties will consider employing the so-called concession model (supported by JSC VEB Infrastructure, a subsidiary of VEB.RF, one of Russia’s largest investment companies) to build a small modular reactor nuclear power plant (SMR NPP) with the RITM-200N reactor in Yakutia. The construction of an SMR NPP allows to overcome the main infrastructural constraints of promising commercial projects in the North-Yakutian Arctic area by ensuring uninterrupted power supply and fixed prices for electrical energy. The SMR NPP minimum power output is set at 55 MWe, while the lifetime of non-replaceable equipment can reach 60 years.According to the document, the parties also agree to work out a joint plan of a comprehensive social and economic development of Arctic territories in the Republic of Sakha (Yakutia): modernize the energy infrastructure, supply energy to the greatest possible number of consumers, and improve the transport and social infrastructure of the Ust-Yansky Region.The construction project will employ the Far Eastern Concession mechanism.
On September 3, 2021, on the sidelines of the Eastern Economic Forum, the Ministry for the Development of the Russian Far East, the Republic of Sakha Yakutia and ROSATOM have signed an agreement to implement a carbon-free nuclear generation project. Under the agreement, the parties will consider employing the so-called concession model (supported by JSC VEB Infrastructure, a subsidiary of VEB.RF, one of Russia’s largest investment companies) to build a small modular reactor nuclear power plant (SMR NPP) with the RITM-200N reactor in Yakutia. The construction of an SMR NPP allows to overcome the main infrastructural constraints of promising commercial projects in the North-Yakutian Arctic area by ensuring uninterrupted power supply and fixed prices for electrical energy. The SMR NPP minimum power output is set at 55 MWe, while the lifetime of non-replaceable equipment can reach 60 years.According to the document, the parties also agree to work out a joint plan of a comprehensive social and economic development of Arctic territories in the Republic of Sakha (Yakutia): modernize the energy infrastructure, supply energy to the greatest possible number of consumers, and improve the transport and social infrastructure of the Ust-Yansky Region.The construction project will employ the Far Eastern Concession mechanism.
