Russian VEB to join NPP construction project in Uzbekistan
By Abdul Kerimkhanov
The "VEB.RF" state corporation will join the Rosatom project on the NPP construction in Uzbekistan.
Two state-owned companies signed an agreement during the 11th International Forum "AtomExpo-2019" "Nuclear technologies for a better life," RBC reports.
Rosatom's financial director Ilya Rebrov explained that VEB will provide construction contractors with guarantees and trade finance. He considers most likely, the NPPs construction in Uzbekistan will be carried out by providing state credit.
Earlier, Assistant to the President of Russia Yury Ushakov said that the cost of the project will be about $ 11 billion, and the first power unit should be launched in 2028.
Rosatom declared readiness to build NPP in Uzbekistan back in 2017.
Alexei Likhachev, the General Director of the state corporation said that their proposal is to build in Uzbekistan, a station of two blocks, modern units of the“ three plus ”generation of the Water-water power reactor-1200 in the time that the Uzbek side considers acceptable.
The head of Rosatom emphasized it is assumed that the capacity of each unit will be up to 1.2 GW. For Uzbekistan, the project will be of great national importance, due to the diversification of the energy complex, which means ensuring the energy security of Uzbekistan.
In October 2018, President of Russia Vladimir Putin and President of Uzbekistan Shavkat Mirziyoyev signed an agreement on the NPP construction in the Navoi region of Uzbekistan. The model of the future NPP was made on the model of the existing Novovoronezh NPP-2.
At "Atomexpo-2019" on April 15, the head of the Rosatom Supervisory Board, Sergey Kiriyenko, said that today, in the portfolio of Rosatom's foreign orders there are 36 blocks in 12 countries.
State Development Corporation VEB.RF operates under federal law on the development bank.
The primary objective of the national development institution is to contribute to long-term economic growth. In partnership with commercial banks, VEB.RF provides financing for large-scale projects to develop the country’s infrastructure, industrial production and social sphere, strengthen its technological potential and improve the quality of life.
Diplomatic relations between Russia and Uzbekistan were established on March 20, 1992.
The trade turnover between Russia and Uzbekistan in 2018 increased by 21 percent to $5.7 billion.
The structure of Russia's exports to Uzbekistan includes metals and products, wood and pulp and paper products, machinery, equipment and vehicles, food products and agricultural raw materials, mineral products, chemical products.
The structure of imports of Russia from Uzbekistan includes textiles and footwear, chemical products, machinery, food products and agricultural raw materials, metals and products from them.
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Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94
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