30 July 2021
Rosatom to build four power units to supply electricity to the Baimsky mining and processing plant
Saint-Petersburg, Russia, 23 July 2021 - ROSATOM and GDK Baimskaya LLC have signed an agreement to jointly implement a project to supply power to the Baimsky mining and processing plant (Baimsky GOK), which is located in Russia’s Chukotka Autonomous Okrug. The agreement was signed by ROSATOM Deputy Director General and Director of the Northern Sea Route Directorate Vyacheslav Ruksha and GDK Baimskaya LLC’s Chairman of the Board of Directors Oleg Novachuk. The signing ceremony took place as part of the ROSATOM-organised event “Arctic Day
The parties agreed that they would conclude a long-term “take-or-pay” contract for the sale and purchase of electricity by April 2022.
ROSATOM has proposed using optimised floating power units (OFPU) to provide electricity to the Baimsky GOK. These units are already under construction at ROSATOM’s machine-building division, Atomenergomash.
“We expect to build four power units: three main units and one standby unit that will be used during the repair or refueling of one of the main units,” said Vyacheslav Ruksha.
Ruksha noted that the first two units are expected to be delivered to their working location in the water area of ??Cape Nagleynyn and connected to power lines leading to the Baimsky GOK at the end of 2026; the third unit will be connected at the end of 2027.
An important part of the agreement is the parties’ intention to assist in changing current Russian legislation concerning the electric power industry to allow for more efficient investment in the Arctic. The parties maintain that change is necessary to create effective mechanisms by which to repay investors who develop long-term projects in the Arctic.
“The conclusion of a long-term electricity purchase and sale agreement between ROSATOM and GDK Baimskaya LLC will become the most important events in the largescale programme for the development of the Russian Arctic,” said Oleg Novachuk at the signing event.
Notes to the editor:
This agreement has been concluded in the framework of a comprehensive roadmap for the implementation of investment projects for the development of the Baimsky metallogenic zone. This roadmap (No. 5645p-P9) was approved by Russia’s Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yury Trutnev on 7 June 2021.
20 December 2022
Rosatom has completed the development of nuclear fuel for the RITM-200S small modular reactor designed for the upgraded floating power units.
24 November 2022
A plenary session "Great opportunities for SMR" was held at "ATOMEXPO-2022" in Sochi where the prospects and current agenda for the development of SMR projects in hard-to-reach and isolated regions of the world were discussed.
22 November 2022
The Memorandum of understanding fixes the next steps for Russian-Myanmar cooperation in the framework of small modular reactors project implementation in Myanmar.