Aleksey Serov, Head of Analytical Department of Financial Bridge investment company

– The construction and operation of Nizhniy Novgorod NPP will make a big contribution to the economy of the region

Public hearings on the preliminary environmental impact assessment of the construction and operation of the 1st and 2nd units of Nizhniy Novgorod Nuclear Power Plant took place in Navashino, Nizhniy Novgorod region on Sept 4 2009.

It has become a global trend to convert energy production to two main sources: renewable resources (water power plants) and nuclear energy. So, I can only welcome the construction of additional WPPs and NPPs in our country

The construction and operation of Nizhniy Novgorod Nuclear Power Plant will make a big contribution to the economy of the region. The project will need building materials, which means new contracts for local companies.

Such projects always stimulate the domestic demand. The present energy shortages are not good for the region’s economy. Nizhniy Novgorod region has always been one of the biggest industrial centers of Russia and new energy capacities will certainly boost its economic development.

Nizhniy Novgorod NPP is a serial project. A similar project is presently being implemented at Novovoronezh NPP-2. The general designer is Nizhniy Novgorod Atomenergoproekt (part of Atomenergoprom), the owner is Energoatom Concern OJSC (100% subsidiary of Atomenergoprom OJSC).

The plant will have two 1,170MW reactors and will generate over 17bln KWh a year and employ as many as 1,000 people. At the peak time the construction will involve as many as 8,000 people. The 1st reactor is supposed to be launched in 2017. The plant will be situated in Navashino district of Nizhniy Novgorod region.

The analysis of the power and capacity balance in Nizhniy Novgorod region has shown that in 2007 the region was short of 1,800MW while in 2020 it will need as much as 4,000MW.

This is a socially significant project: it will give the region 40bln RUR in profit tax, 50bln RUR in property tax, 1bln RUR in land tax and 50bln RUR in transport tax.