Nuclear industry peters out

Last Updated: Saturday 04 July 2015 | 02:50:09 AM

10 years after. 6-year-old Kat RUSSIA's nuclear industry faces a battle for survival in the coming years. Last year, the industry produced 97.8 billion kilowatts (kw) of electricity, 18 per cent less than in 1993 - the decline apparently caused by fuel shortages, transmission problems and reduced demand.

The main problem is finance. At present, the nuclear plants are receiving only 45 per cent of w 'hat they are owed for the electricity supplied by them. Two of the biggest production associations - Mayak in the Urals which. reprocesses spent fuel and stores waste, and Atom-Mash in the Volga region which used to make reactors - have become insolvent.

The minister of atomic energy, Victor Mikhailov, does not believe that the industry is dying. He has drawn up a plan for nuclear power development which focuses on modernising existing plants, replacing old reactors and boosting nuclear trade.

The industry had requested, in vain, a budgetary allocation of 1,000 billion roubles as long-term credit. Promised international funds to help improve plant safety have also not been forthcoming.

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