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Russia speeds up nuclear investment to get 50% of power from nuclear by 2050 and 80% by 2100

Thursday, November 22, 2012 20:33

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From NextBigFuture.com

World Nuclear News – Russian leaders have affirmed the strategic and economic importance of nuclear technology to the country, announcing that spending will rise and a major development program will be accelerated.

Accordingly, as the state nuclear corporation, Rosatom invests in research and development to the tune of RUB23 billion ($737 million) per year, as part of an annual state budget for nuclear programs of RUB60 billion ($1.9 billion). The head of Rosatom, Sergei Kiriyenko, told the meeting that plans foresee the figure for research and development reaching RUB42 billion ($1.3 billion) in 2020. This is about ten times its value in 2007 when the country began consolidating its nuclear activities within Rosatom.