Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Chernobyl at Sea? Russia Building Floating Nuclear Power Plants

Politics / Nuclear Power Jul 16, 2013 - 06:08 PM GMT

By: OilPrice_Com

Politics

So much for the lessons of Fukushima. Never mind oil spills, the Russian Federation is preparing an energy initiative that, if it has problems, will inject nuclear material into the maritime environment.

Speaking to reporters at the 6th International Naval Show in St. Petersburg, Baltiskii Zavod shipyard general director Aleksandr Voznesenskii said that the Russian Federation's first floating nuclear power plant "should be operational by 2016."


Baltiysky Zavod is Russia's biggest shipbuilding complex. According to Voznesenskii, the "Academician Lomonosov" FNPP will be the first vessel belonging to the new line of floating nuclear power plants that can provide energy, heat and water to remote and arid areas of the country, with mass production scheduled for the near future.

The "Academician Lomonosov's" technology is based on the USSR's construction of nuclear-powered icebreakers. The Russian media is speculating that the FNPPS will first be used in remote areas of the northeastern Arctic Russia and the Far East, as these regions currently suffer from a lack of energy, slowing their development. Each 21,000 ton vessel will have two "modified KLT-40 naval propulsion reactors" that will provide up to 70 megawatts of electricity or 300 megawatts of heat, sufficient for a city with a population of 200,000 people. Additionally, the floating NPPs can provide water desalination services capable of supplying up to 240,000 cubic meters of fresh water per day.

Perhaps referring to Soviet-era nuclear icebreakers is not such a hot idea, at least for those with historical memories.

Launched in 1957, the Lenin, the USSR's first nuclear powered icebreaker, was powered by three OK-150 reactors. In February 1965, there was a loss of coolant incident, and some of the fuel elements melted or deformed inside reactor number two. The debris was removed and stored for two years, and subsequently dumped in Tsivolki Bay near Novaia Zemlia two years later. The second accident was a cooling system leak, which occurred in 1967, shortly after refueling.

Not a reassuring development for the Soviet Arctic environment.

"Academician Lomonosov's" keel was laid in April 2007 at the Sevmash shipyard in Severodvinsk on the White Sea, but the project was subsequently transferred to the Baltiskii Zavod. The "Academician Lomonosov's" 21,500 ton hull was subsequently launched in 2010, although construction work was frozen in mid-2011because of bankruptcy proceedings against the shipyard. The company was subsequently acquired by state-owned United Shipbuilding Corporation and Rosenergoatom signed a new contract with the Baltiskii Zavod for the "Academician Lomonosov's" completion. The "Academician Lomonosov" has 69 crew and specialists. Ominously, the "Academician Lomonosov" has no engines, so it needs to be towed. The vessel is equipped with two modified KLT-40 reactors.

But, not to worry.

The Baltiskii Zavod shipyard stressed that The "Academician Lomonosov" and its successors are all designed with a safety margin exceeding all possible threats which makes its nuclear reactors invulnerable to tsunamis and other natural disasters and the ships meet all the requirements of the International Atomic Energy Agency (IAEA) and do not pose a threat to the environment. The factory further states that 15 nations, including China, Indonesia, Malaysia, Algeria, Namibia and Argentina have already expressed interest in buying floating nuclear power plant.

The "Academician Lomonosov"will be sent to Vilyuchinsk, Kamchatka for operational testing. Rosatom then aims to construct seven more FNPPs by 2015, with four of them likely to be located on the northern coast of Siberia's Yakutia. Other Arctic areas provisionally scheduled to receive FNPPs include port cities along the Russian Federation's arctic coastal Northern Sea Route and Pevek in Chukotka. An added benefit of the FNPP as envisaged in Moscow is that the provision of nuclear power to the Arctic and Far East will free up more oil and natural gas for foreign export, allowing the Russian federation to generate additional hard currency.

Tow cables snap, Arctic conditions can be unpredictable, ships sink. As the ocean is the common heritage of humanity, perhaps the international community might evince a tad more interest in this project.

Source: http://oilprice.com/Alternative-Energy/Nuclear-Power/...

This article was written by Dr. John CK Daly for Oilprice.com who offer detailed analysis on Crude Oil, Geopolitics, Gold and most other commodities. They also provide free political and economic intelligence to help investors gain a greater understanding of world events and the impact they have on certain regions and sectors. Visit: http://www.oilprice.com

© 2013 Copyright OilPrice.com- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in