Russia / Putin ‘Has Approved’ $2.4 Billion Project To Use Floating Reactors For Remote Minerals Deposit

Baim copper venture is in region identified by Moscow as strategically important for economic development
Putin ‘Has Approved’ $2.4 Billion Project To Use Floating Reactors For Remote Minerals Deposit
Russia’s first commercial floating nuclear plant, the Akademik Lomonosov, is supplying energy for the remote port town of Pevek. Courtesy Rosatom.
Russia’s president Vladimir Putin has reportedly approved a proposal by state nuclear corporation Rosatom to power a far eastern copper mining venture by building as many as five floating nuclear power plants, according to a report in the RBC business newswire.

RBC said the plan is to supply power for the Baim (also known as Baimskaya) minerals deposit in Chukotka, in the country’s far east.

The exact timeline for the $2.4bn plan remains vague, but according to RBC, Mr Putin signaled his approval to build the plants in response to a letter sent by Sergei Kiriyenko, who heads Rosatom’s supervisory board and is the president’s first deputy chief of staff.

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