Friday, November 13, 2026Moscow
Economy

Rosatom has not yet signed an agreement to pay for floating nuclear power plants in Chukotka

Rosatom has not yet concluded a contract that should ensure the payback of the construction of four floating power units for 420 MW for the Baimsky GOK in Chukotka, the head of the Market Council (energy markets regulator) Maxim Bystrov told reporters. “Investment activity is low.

Published

Rosatom has not yet concluded a contract that should ensure the payback of the construction of four floating power units for 420 MW for the Baimsky GOK in Chukotka, the head of the Market Council (energy markets regulator) Maxim Bystrov told reporters.

“Investment activity is low. They (investors of the Baimsky GOK. – Kommersant), as I understand, move. They were given 6 rubles for 1 kW, there are no such prices now. But they apparently are not ready to invest with such a rate, he said.

For floating nuclear power plants, it was planned to create a local isolated power system for the Baim project, so that the consumer and the generator could conclude a free bilateral contract on the terms of take-or-pay (“take or pay”). A corresponding amendment was planned to be made to the law “On electricity”. The full tariff will be 6.45 rubles per 1 kW per hour (in 2020 prices).

The Baim project is being implemented within Baim Square, which includes the Peschanka field. Estimated reserves of copper - up to 9 million tons, molybdenum - up to 260 thousand tons, silver - up to 5.8 thousand tons, gold - up to 520 tons. The capacity of the GOK is 70 million tons per year. Investment - $8.5 billion. In 2018, the project from the structures of Roman Abramovich and Alexander Abramov was acquired by Kazakhstan’s KAZ Minerals. In 2023, the asset was transferred to Trianon Limited by the main shareholders of KAZ Minerals Vladimir Kim and Oleg Novachuk. Subsequently, control passed to ZPIF "Palmyra of the North".

Anna Tybin, Sochi

Source: Коммерсантъ ↗

Share

More on This Story

EconomyThe Ministry of Finance from October 7 will increase the purchase of currency and gold five times

The Ministry of Finance of Russia from October 7 to November 6 intends to buy foreign currency and gold under the budget rule for 279.42 billion rubles. This is five times more than the volume planned a month earlier (55.6 billion rubles).

Коммерсантъ
EconomyThe FT learned how the growing debt burden prevents China from stimulating the economy

China’s debt service will cost 19.2 percent of total government this year, according to a study by the Conference Board

Григорий Лебедев
The head of JPMorgan said that the Russian army could reach Paris if desired
EconomyThe head of JPMorgan said that the Russian army could reach Paris if desired

Dimon said that EU countries cannot afford full-fledged armies and the Russian Armed Forces could reach Paris if desired. The US should support the EU and make more deals with it to avoid fragmentation

Григорий Лебедев
The EIA Briefing

Keep reading, every morning.

The stories that matter, chosen by our editors and in your inbox before 7 a.m. — every weekday.

No spam. Unsubscribe anytime.