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Russia to Spend $1.7 Billion on Nuclear Plants
Russia to Spend $1.7 Billion on Nuclear Plants
February 25, 2010 /Environment PR News/ -- Days after the US announced that it will build its first nuclear power plant in years, Russian Prime Minister Vladimir Putin announced that his country will also invest heavily into nuclear power.
Speaking at the Sayano-Shushenskaya hydropower plant, Putin announced that Russia will spend $1.7 billion constructing new power plants. At the same time, he announced that fines would be levied against energy companies that did not invest more in the energy sector -- or risk not being able to sell their energy at all.
Putin accused Russian energy companies OGK-3, TGK-2, TGK-4 and Complex Energy Systems of running away from their investment obligations.
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