Reference
The directive was drafted by Rosatom State Corporation.
The document amends Government Directive No. 55-r of 27 January 2012 with regard to allocating to Rosatom State Nuclear Energy Corporation 80.6 billion roubles in subsidies from the 2013 budget as an in-kind contribution of the Russian Federation for the development of the nuclear power industry, including a 22.45 billion rouble subsidy for constructing nuclear power plants (NPPs) abroad.
Under the Federal Law No. 216-FZ of 3 December 2012 On the Federal Budget for 2013 and the Planning Period of 2014 and 2015 (hereinafter referred to as the “Federal Law”), 58.2 billion roubles were allocated for the development of the nuclear power industry. In accordance with the amended Federal Law, the budget allocations for this purpose will be equal to 80.6 billion roubles in 2013. Funding assigned to NPP construction abroad will go towards increasing the share capital of the project company established to implement the Akkuyu NPP project in the Republic of Turkey.
The aforementioned project shall be implemented within the framework of a cooperation agreement signed on 12 May 2010 by the governments of Russia and Turkey with respect to building and operating a nuclear power plant in Akkuyu, Turkey.
The funds will be transferred to the project company established in the Republic of Turkey for building the Akkuyu NPP under the aforementioned Agreement through the acquisition of shares in Atomstroyexport CJSC and Rusatom Overseas CJSC, which have been authorised to participate in this project under Russian Government Directives No. 1995-r of 12 November 2010 and No. 1946-r of 24 October 2013.
The main objectives of Rosatom State Corporation are to facilitate the accelerated development of the nuclear power industry for ensuring Russia’s energy security by launching new standard serial nuclear power generating units, promoting products and services of Russian nuclear fuel cycle organisations on international markets, and engaging in the construction and operation of nuclear power plants outside of Russia.
The corporation’s activities are financed from proprietary funds of enterprises operating within the nuclear industry, as well as from the federal budget.
The signed directive is aimed at ensuring an efficient supply of nuclear power for the Russian economy in line with the state programme Development of the Nuclear Power Industry and also at facilitating the implementation of the corporation’s plans regarding the construction of nuclear power facilities.