17:22 GMT +320 July 2018
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    China may grant loan for floating nuclear power unit in Russian north

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    BEIJING, October 30 (RIA Novosti) - China could give Russia an export loan to build a floating energy unit for the nuclear power plant being constructed in Severodvinsk in Russia's European Far North, a source in the Russian delegation currently visiting Beijing said Sunday.

    The Russian delegation led by Russian Vice Premier Alexander Zhukov is making preparations for the 10th regular meeting of the two countries' heads of government scheduled for November 3.

    According to the source, Russia and China aim to resolve as soon as possible the issue of the project's financing through a Chinese loan.

    The parties also aim to reach a swift agreement over building a hull for the floating station at a Chinese shipyard.

    Russia is building a floating atomic power plant in Severodvinsk under a 2003 contract signed between China's Mashimpex and the Russian companies Rosenergoatom and Sudoimport.

    According to the source, China also plans to design a pilot energy unit with a 600 MWt fast-neutron facility based on a closed fuel cycle.

    Russia and China are already building a 65 MWt fast-neutron experimental facility under an inter-governmental agreement signed in July 2002. The parties plan to test the reactor between May 2006 and December 2008, and to put it into operation on December 31, 2008.

    Russia and China may also jointly develop an experimental ground-based reactor prototype for a space energy unit, the source said.

    According to the source, Russia's cooperation with China in the nuclear fuel cycle has strong potential given China's plans to bring the capacity of its atomic power plants up to 200 Gigawatts by 2020.

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