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    Sevmash to sign floating nuclear reactor contract on June 14

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    Sevmash shipyard company will sign a contract with state-owned nuclear power generating monopoly Rosenergoatom to construct and test a floating nuclear reactor on June 14, the president of the Kurchatov research institute said Monday.

    ST. PETERSBURG, June 12 (RIA Novosti) - Sevmash shipyard company will sign a contract with state-owned nuclear power generating monopoly Rosenergoatom to construct and test a floating nuclear reactor on June 14, the president of the Kurchatov research institute said Monday.

    "This week, we, together with Kiriyenko (head of the Federal Agency for Nuclear Power) will be in Severodvinsk where a contract on construction of the first floating nuclear power plant will be signed," Yevgeny Velikhov said.

    Sevmash has won a tender on the floating nuclear reactor for a low-power thermal and electric power plant in May this year.

    "The first station will provide electric and thermal energy to Sevmash [shipyard in Severodvinsk]," the company said. "It is planned to construct such plants in remote regions of [Russia's] Far North and Far East."

    The project to construct a low-power nuclear power plant was developed under a federal target program on effective energy usage.

    The Sevmash plant in the Arkhangelsk Region is also building two Borey-class nuclear submarines to be equipped with Bulava missiles. The first submarine, the Yury Dolgoruky, will be commissioned in 2006 and the second, the Alexander Nevsky, in 2007.

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