Russia keen to build more nuclear power plants abroad

Russia's Rosatom will not revise their plans to build nuclear power plants abroad despite a challenging economic situation, head of the state-run corporation Rosatom Sergei Kiriyenko, said Monday.

"On the contrary, the macroeconomic situation helps us," Kiriyenko said, adding that the company's portfolio of foreign deals has tripled over the past three years.

Kiriyenko also said that Rosatom looked to increase international projects.

The company's most recent major deal came March 24 after signing a $10-billion agreement with Jordan to build the country's first nuclear power plant.

Rosatom is also set to construct the Hanhikivi nuclear power plant in Finland after the Finnish Parliament approved the project in December 2014.

In February 2015, Rosatom signed a project development agreement for the construction of a nuclear power plant in Egypt.

In January 2014, Rosatom signed a deal to expand Hungary's only operating nuclear power station in Paks.

Plummeting oil prices and Western sanctions imposed on Russia over the ongoing crisis in Ukraine have had a detrimental effect on the country's economy as the ruble has lost almost half of its value against the dollar since summer 2014.

Source: Sputnik News