www.thebarentsobserver.com Russia to Construct $815 Million Arctic Shipyard for Nuclear Fleet Expansion
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- •Russia is investing $815 million in a new Arctic shipyard for floating nuclear reactors.
- •The shipyard will support maintenance and repairs for Russia's expanding fleet of nuclear power plants.
- •Rosatom aims to promote floating nuclear technology to international markets despite past project challenges.
Russia plans to build an $815 million shipyard in Murmansk starting in 2027 to support its growing fleet of floating nuclear power plants. The shipyard will be located on Kola Bay and will include docking facilities and utility systems. Currently, Russia operates one floating nuclear power plant, the Akademik Lomonosov, and is developing additional units, with plans for four new plants to supply electricity to the Baimsky mining complex. The project aims to enhance Russia's nuclear energy infrastructure and promote floating nuclear technology to international markets. However, Rosatom has faced delays and corruption allegations in previous projects, raising concerns about its ability to deliver on these ambitions.
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