Power
Belarus and Russia to Sign Nuclear Agreement
An agreement to build the first nuclear power plant in Belarus is expected to be signed in the first quarter of this year, despite a number of previous false starts.
Released Tuesday, January 25, 2011
Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--An agreement to build the first nuclear power plant in Belarus is expected to be signed in the first quarter of this year, despite a number of previous false starts.
The prime minister of Belarus, Mikhail Myasnikovich, made the announcement after a series of wide-ranging talks with Russian Prime Minister Vladimir Putin in Moscow. The plant, which is a source of huge controversy with neighbouring countries, is expected to use two third-generation pressurised water reactors, the VVER-1200, from Russian energy giant AtomStroyExport (Moscow, Russia).
The plant will have an expected generation capacity of 2,400 megawatts (MW) and will be capable of supplying 28% of Belarus' electricity. The proposed location for the plant is in Ostrovets, near the Lithuanian border, and only 50 kilometres from Lithuania's capital, Vilnius. The location is a source of increased tension between the countries. The fact that the new reactor designs have not been tested under real-world conditions has also served to increase opposition to the plant from local countries and at a European level.
"The basic agreement will be signed in the first quarter of this year," said Myasnikovich, following the talks, adding that Belarusian companies would play a key role in the plant's construction. "There is full understanding that the Belarusians, using those skills that are available to us, will be actively involved in the implementation of this project," he added. "This [project] is certainly an energy matter and, to an extent, a national security matter for us. This project remains of immediate interest, and is one of the main projects for the coming years. I see good prospects here."
"We understand that it is a very important project for Belarus," said Prime Minister Putin. "It increases the energy independence of the republic. The Russian side is ready [to help Belarus] realise this project. The project is big, nearly $6 billion (4.4 billion euros), and we are ready to solve the issue of a loan."
Belarus is almost completely dependent on Russia for its energy needs, importing most of its gas and oil. Over the years, there have been numerous energy disputes, including Russia's cutting off gas supplies to the country last June and, earlier this month, stopping crude oil exports for a short period.
View Plant Profile - 3005910
View Project Report - 300015045
Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
/news/article.jsp
false
Want More IIR News Intelligence?
Make us a Preferred Source on Google to see more of us when you search.
Add Us On GoogleAsk Us
Have a question for our staff?
Submit a question and one of our experts will be happy to assist you.
Forecasts & Analytical Solutions
Where global project and asset data meets advanced analytics for smarter market sizing and forecasting.
Learn MoreRelated Articles
Industrial Project Opportunity Database and Project Leads
Get access to verified capital and maintenance project leads to power your growth.
Learn MoreIndustry Intel
-
2026 Regional Chemical Processing OutlookOn-Demand Podcast / Mar. 2, 2026
-
From Data to Decisions: How IIR Energy Helps Navigate Market VolatilityOn-Demand Podcast / Nov. 18, 2025
-
Navigating the Hydrogen Horizon: Trends in Blue and Green EnergyOn-Demand Podcast / Nov. 3, 2025
-
ESG Trends & Challenges in Latin AmericaOn-Demand Podcast / Nov. 3, 2025
-
2025 European Transportation & Biofuels Spending OutlookOn-Demand Podcast / Oct. 27, 2025