Massive subsidy to Rosatom

Russian government will give Rosatom 1 trillion rubles ($42.7 billion) in the next seven years (until 2015) for the program of expansion of nuclear power and development of the industry. Rosatom will add to that more that 1 trillion rubles of its own money by 2015 and another 1 trillion rubles in 2016-2020, when the subsidy from the budget is supposed to end. The total cost of the program is therefore estimated to be more than 3 trillion rubles or more than $130 billion by 2020. Rosatom expects to build 26 new reactors in Russia in the next 12 years and to double the share of nuclear power in electricity production from the current 16% by 2030.