Rosatom’s deputy director Vyacheslav Pershukov called the market for nuclear power stations abroad “exhausted.” “We see that the market is contracting, and for the sustainable growth of the corporation…we must make our money on something other than nuclear technology,” he said. Below is an article written by Charles Digges two months ago. It provides more insight into the conditions that led to the dramatic announcement by Rosatom.
Amid decreasing world demand for nuclear energy, Russia’s state nuclear corporation last week warned it would likely be receiving fewer requests to build nuclear power plants abroad
Last week’s ruling by the High Court in Cape Town that set the procurement of 9.6GW of nuclear right back to square one apparently did little to damp the enthusiasm of the small pro-nuclear lobby. The government is determined to build power plants driven by reactors, but unaffordable agreements and huge costs loom if Russia’s Rosatom wins bid.