The Russian government approved the allocation of an equivalent of 2.4 billion euros, but no more than 150 billion roubles, from the National Welfare Fund (NWF) to “Rosatom” for construction a nuclear power plant “Hanhikivi-1” in Finland, according to the decree of the Cabinet of Ministers posted on the official Internet portal of legal information.
The document also states that the volume and sources of funding involve loans in the amount of about 2 billion euros guaranteed by export credit agencies and 0.8 billion of other loans. The total volume of equity at the date of commissioning of the nuclear power plant will make up 1.66 billion euros. According to the document, 35.5 billion roubles will be allocated on the project in 2015, 51.2 billion roubles in 2016, 41.3 billion roubles in 2017. It is assumed that the “Hanhikivi-1” NPP will provide revenues to the federal budget in the amount of 4.5 billion euros throughout the whole duration of the project.
Author: Anna Dorozhkina