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Again, please explain to me why NNRI management would bother with anyhting at this point. The stock has run up so what's left? Why bother?
So the compnay is a trick and a scam but it's business plan has merit. If this is the case why would management care? Why would they issue a PR about it? Why would they proceed with ATOLL? The management looks to have a good background. Sorry, I don't get it.
Well, hopefully there will be good news soon and it will go up.
Why? Because you bought high and are stuck now?
25.01.2008 09:30]
Yushchenko, Lemierre discussed cooperation between Ukraine and EBRD
President Victor Yushchenko met today with the President of European Bank of Reconstruction and Development Jean Lemierre, according to the President`s press-office.
During the meeting President noted positive dynamics of cooperation between Ukraine and the EBRD and expectancies of continuing productive cooperation on Chernobyl Sarcophagus replacement.
Besides V. Yushchenko assured J. Lemierre that yearly EBRD meeting in Ukraine in may shall be held on the appropriate level.
I agree, almost like a sideways trend just waiting for that news. Bottom maybe?
If it's your opinion that it's taking them too long then either don't buy or sell and move on.
Don't go away angry, just.......................You know the rest.
It's like watching a car wreck. It's awful to see but you have to watch.
Possibly NNRI involvement?
KIEV, January 24 (RIA Novosti) - The construction of a huge new protective cover for the Chernobyl reactor, the site of the world's worst nuclear disaster, will start this spring, Ukraine's emergencies ministry said on Thursday.
The plant's reactor No. 4, which exploded in 1986, has been protected by a concrete Soviet-designed "sarcophagus" since the disaster. The construction of a new shelter to cover the crumbling structure, now long overdue, has been repeatedly put off due to funding difficulties.
"I believe that in spring we'll start work to build a safe shelter and the construction of this facility will be completed in 2012," Ukrainian Emergencies Minister Volodymyr Shandra said.
In September 2007, Ukraine signed a contract with France's Novarka to build a shelter over the damaged Chernobyl reactor and also a deal to build a "dry storage" facility for spent nuclear fuel on the site of the plant with U.S. company Holtec International.
Vast areas, mainly in the three then Soviet republics of Ukraine, Belarus and Russia, were contaminated by the fallout of the 1986 explosion. More than 300,000 people were relocated after the accident. However 5 million people still live in areas of Belarus, Russia and Ukraine classified as "contaminated" with radioactive elements.
An 18-mile zone around the reactor remains largely deserted to this day.
I was reading the posts and before I got to quickrun and pusa's post I said to myself, thank god for Scorry and Kingthorpe, I have to write a post thanking them for their posts, but pusa and quickrun read my mind and beat me to it. Anyway thanks Scorry and Kingthorpe for your wisdom and DD and using it against these bashers.
Could this mean something for Viktor Zubkov's involvement with NNRI?
24.01.2008 // Minatom.ru
Government of Russian Federation has amended Statute on Federal Agency for Nuclear Energy
On Jan 22 2008 Prime Minister of Russia Viktor Zubkov decreed to make an amendment to the Statute on the Federal Agency for Nuclear Energy.
More specifically, the following words were added to sub-point 5.3.2 of the Statute on the Federal Agency for Nuclear Energy, approved by the Government of the Russian Federation on June 28 2004: “as well as the powers of a shareholder of state-owned open joint stock companies of the nuclear industry.”
I know it was old and I got the article from the Press Center of Nuclear Energy and Industry. Like I said I posted it with the hopes that it could be explained to me (thanks to those who did). Now I can say, Whew!
Bad News:
I hope that someone can explain this. Even though I am a stock holder and it would seem to me that this company has potential and many qualified people working there, I felt as though I needed to post this article. I know that someone will say I told you so and laugh but here it is anyway:
11.07.2007 // Interfax
Wednesday, Atomenergomash OJSC disproved the report about a JV with NUCON-RF Inc. (US)
Atomenergomash has no contacts with NUCON-RF and has not entered into a joint venture with that company, says Atomenergomash’s press service.
Tuesday evening, NUCON-RF announced that it had completed a key strategic initiative by entering into a joint venture with the Russian company Atomenergomash to jointly meet the growing demand in the nuclear power plant market for power generation, both in Russia and abroad. The JV is reportedly located at Izhora Works and is able to produce no less than two 1000 MW reactors a year.
Atomenergomash has no information about NUCON-RF’s activities: “That company has never built reactors in Russia or supplied any equipment for local NPPs,” says the press service of Atomenergomash.
Earlier, NUCON-RF Inc. announced that it had filed a registration statement to the Securities and Exchange Commission in order to become a fully reporting company. They in Rosatom believe that by reporting a JV with Atomenergomash NUCON-RF sought to attract investors before entering the market.
“The very fact that a US company has announced a nuclear JV with a Russian partner proves that peaceful nuclear projects are becoming a guarantee of reliability in the financial world,” a Rosatom representative has told Interfax. “However, in this particular case, Atomenergomash was absolutely right to disprove the news: it would be wrong on its part to raise some unreal expectations.”
In Russia NUCON-RF has an interest in ZAO «EMBP» ATOLL, a St. Petersburg-based manufacturer of parts and equipment for nuclear power plants. NUCON-RF reports to have 50% interest in ATOLL, but, as much as Rosatom knows, it has just 13%.
LOL
You couldn't make a container to hold your peanut butter and jelly sandwich.
Atomenergoproekt (Moscow) is one of the key engineering companies of Rosatom. AEP has designed most nuclear power plants in Russia, Eastern Europe and the CIS, particularly, Bushehr NPP in Iran and Kudankulam NPP in India. It is the general designer of Belene NPP in Bulgaria.
On May 29 2007 Atomenergoproekt was proclaimed the general contractor of Novovoronezh NPP-2 project. In June 2007 the Federal Agency for Nuclear Energy and Atomenergoproekt signed a sate contract for the construction of the 1st and 2nd units of the plant. The 1st unit is to be launched in 2012, the 2nd one — in 2013. The total financing is 130bln RUR.
Thus, Atomenergoproekt is the first Rosatom engineering company to have won the right to build an NPP in Russia in the framework of the federal target program for the development of the nuclear power industry of Russia in 2007–2010 and -2015.
NovNPP-2 is being built on the basis of AEP’s NPP-2006 project – an NPP with WWER-1200 reactors. This is an evolutionary project based on the best solutions of the NPP-92 project. The NPP will be very safe and will meet all the EU standards. The NPP-92 project has been certified by EUR.
Basic principles of the state policy for ensuring the nuclear and radiation safety of the Russian Federation till 2010
Basic principles
of the state policy for ensuring the nuclear and radiation safety of
the Russian Federation till 2010
I. General provisions
1. The Principles specify the objective, the priorities and the key tasks of the state policy for ensuring the nuclear and radiation safety of the Russian Federation (hereinafter nuclear and radiation safety) and the key directions of planning and management in the sphere
2. The Principles are based on the Constitution of the Russian Federation, federal laws and other legal acts as well as the international agreements and convention on nuclear and radiation safety the Russian Federation is signatory to
3. Nuclear and radiation safety is one of the basic principles of the national security policy of the Russian Federation
4. The implementation of the Principles is coordinated by the President of the Russian Federation
II. Key factors determining the course of the state policy for ensuring nuclear and radiation safety
5. Emergencies related to nuclear and radioactive facilities (including nuclear weapons and their components), nuclear materials, radioactive matters and waster, source of nuclear radiation (hereinafter nuclear and radioactive facilities and materials) and having long-term negative effect and posing serious threat to the national security and the social-economic development of the Russian Federation
6. The key factors determining the state policy for ensuring nuclear and radiation safety are:
• the growing number of nuclear and radioactive facilities subject to destruction and disposal and not used in defense or economy;
• the necessity to treat a big amount of nuclear materials, irradiated fuel assemblies of nuclear reactors, radioactive waste produced by nuclear weapons, nuclear power industry, submarines, ships with nuclear reactors and other sources of radiation
• the growing threat of the use of nuclear and radioactive facilities and materials by radical terrorist organizations
• wear of nuclear and radioactive facilities and their physical protection systems (hereinafter protection systems)
• the necessity to recover the territories that have suffered from imperfect nuclear technologies used at the dawn of nuclear power engineering in the country, nuclear accidents, nuclear weapons tests and the activities of the oil and gas, energy, mining and construction industries
• the development of international cooperation on nuclear and radiation safety and the necessity to enhance its efficiency
• insufficient financing of nuclear and radiation safety projects
III. Objective and priorities of the state policy for ensuring nuclear and radiation safety
7. The objective of the state policy for ensuring nuclear and radiation safety is to gradually reduce the effects of manmade and natural sources of nuclear radiation on the population and the environment
8. This objective requires the following actions:
• improving state control and coordination in the field of nuclear and radiation safety, particularly, enhancing the efficiency of the radiation control system
• improving state control over the use of nuclear energy, particularly, raising the efficiency of licensing activities and safety examinations
• effectively protecting nuclear and radioactive facilities from manmade and natural factors and terrorist acts and safeguarding the population and the environment from negative impacts of nuclear energy and natural sources of nuclear radiation
• improving systems of physical protection of nuclear power facilities, enhancing their resistance to acts of terrorism and sabotage
• intensifying and improving the activities for destroying decommissioned nuclear facilities and nuclear waste
• recovering territories with unfavorable radiation situation
• conducting radiological-epidemiological research for assessing the health conditions of people that have suffered from radiation effects
• improving medical support and rehabilitation of people working at nuclear facilities and dealing with nuclear and radioactive materials
• enhancing the efficiency of international cooperation on nuclear and radiation safety
IV. Key principles of the state policy for ensuring nuclear and radiation safety
9. The key principles of the state policy for ensuring nuclear and radiation safety are:
• observing the legislation of the Russian Federation as well as the international agreement and conventions the Russian Federation is signatory to
• ensuring nuclear and radiation safety in any activity related to the use nuclear energy
• ensuring centralized state control over nuclear facilities and their activities under market economy conditions
• rationally combining federal and regional interests but giving priority to federal interests in matters concerning nuclear and radiation safety
• ensuring balance of state interests, protection of rights and interests of citizens and organization involved in the use of nuclear energy and radioactive materials, mutual responsibility of individual, society and state for nuclear and radiation safety, personal responsibility of officials
• implementing the concept of socially acceptable risk with the view of minimizing nuclear and radiation risks, particularly, reducing individual radiation exposure doses and the number of people exposed to radiation while dealing with nuclear energy and sources of nuclear radiation
• ensuring effective state control over the dose of radiation receiving by people from all sources of nuclear radiation and banning all types of nuclear energy-related activities where economic profit does not compensate for possible damage
• concentrating the efforts and resources (including budgetary and extra-budgetary) of federal, regional and local authorities as well as organizations operating nuclear and radioactive facilities towards ensuring nuclear and radiation safety
• ensuring complex protection of nuclear and radioactive productions, facilities and materials from all possible negative impacts, including acts of terrorism
• ensuring effective licensing and certification in the sphere
• guaranteeing that all nuclear facilities and materials of military and double purpose be owned by the state while all other nuclear facilities and materials having no military or double purpose can be owned by regional and municipal authorities as well as legal entities provided that the latter ensure their safety and use them for direct purposes only under the control of federal authorities
• distributing functions among state nuclear and radiation control agencies, federal and regional executive authorities, owners of nuclear and radioactive facilities and their operators.
• ensuring transparency of the activities of nuclear and radioactive facilities with state secrecy observed
• preventing dependence from foreign states in the sphere
• ensuring constant preparedness of emergency response agencies
V. Key tasks of the state policy for ensuring nuclear and radiation safety
10. In order to ensure effective state management, coordination and control in the field of nuclear and radiation safety it is necessary:
1) to enhance the role of state management in the field of use of nuclear energy and state control in the sphere of nuclear safety, to improve interaction between federal, regional and local authorities, to distribute powers and responsibilities among federal, regional and local officials, to concentrate efforts and resources towards ensuring nuclear and radiation safety
2) to draft federal laws on nuclear and radiation safety, on nuclear facilities of military purpose, on treatment of radioactive waster, on production, safe use, transportation and destruction of nuclear weapons and to submit them for the State Duma’s consideration
3) to develop the state system of nuclear and radiation safety, to improve its structure and to specify its tasks, to ensure effective hierarchy among federal, regional and local authorities
4) to ensure necessary financing
5) to draft and introduce operating rules and standards for the safe use of nuclear energy, particularly, concerning the design, production, testing, operation and disposal of nuclear weapons and nuclear facilities of military and double purpose as well as the treatment of radioactive materials and waste
6) to enhance customs control over transportation of nuclear materials, radioactive matters and products therefrom
7) to take an inventory of nuclear and radioactive facilities and materials (including decommissioned ones) and:
• to make a list of nuclear and radioactive facilities of the Russian Federation as part of the list of dangerous facilities of the Russian Federation
• to work out single methodology for categorizing nuclear and radioactive facilities and to make a list of critically important nuclear and radioactive facilities that are most dangerous and/or most significant for national security
• to improve the state system of radioactive matters and waste control
• to create a dosimetric register of employees of the nuclear power industry with a view to determine most vulnerable groups
• to improve measures for protecting information concerning the safety of nuclear and radioactive facilities and nuclear weapons and preventing unsanctioned access to lists of nuclear facilities and radioactive matters and waste
8) to improve and develop:
• system of control over the efficiency of military and civil nuclear facilities, their compliance with quality and safety standards
• system of guaranteed state insurance and social protection of citizens working at or living near radioactive facilities and citizens that have suffered from high radiation exposure due to the fault of the state
• system of insurance against nuclear and radiation risks
• systems of licensing of the activities for using nuclear energy for peaceful purpose and ensuring nuclear and radiation safety;
• untied state automated system of radiation control
• united state system of control of individual irradiation of people living near nuclear and radioactive facilities or working at them
9) to determine the administrative-legal status of safety zones around nuclear and radioactive facilities with a view to enhance their safety under the growing threat of terrorism
10) to ensure high preparedness of security forces for possible emergencies and acts of terrorism at nuclear and radioactive facilities
11) to ensure the social security of people involved in the use of nuclear energy by improving mechanisms of remuneration and social protection people working at nuclear and radioactive facilities, particularly, people responsible for their safety and protection and for the health of local personnel
12) to raise the efficiency of scientific-methodological, financial-economic, regulatory, technical and organizational support for the following activities:
• developing and introducing critical technologies, including technologies ensuring the safety of the nuclear power industry
• elaborating and implementing a long-term strategy for ensuring the safe use of nuclear and radioactive materials and technologies in different sectors of economy and medicine
• ensuring safe treatment of radioactive waste and spent nuclear fuel
• controlling the radiation situation all over the territory of the Russian Federation, preventing contamination and recovering contaminated territories
• reducing the risk and negative effects of natural and manmade disasters on nuclear and radioactive facilities, preventing and liquidating radiation emergencies
• ensuring high efficiency of the medical support system of the Ministry of Atomic Energy of the Russian Federation in conducting social, medical, preventive and sanitary measures in case of possible emergencies and terrorist acts at nuclear and radioactive
• protecting the population from high radiation exposure
• protecting the health of people living near and working at nuclear and radioactive facilities, including people responsible for the safety and protection of those facilities
13) ensuring state control over the transportation of nuclear and radioactive technologies and materials in the territory of the Russian Federation, including their constant automated monitoring throughout transportation
11. In order to ensure the nuclear and radiation safety of the population and the environment it is necessary:
1) to introduce modern methods and means of nuclear and radiation safety analysis and management by developing relevant methodology and software
2) to develop and introduce:
• facilities and equipment with enhanced safety and more efficient emergency and fire prevention technologies, modern technologies of radioactive waste and spent nuclear fuel treatment and disposal, nuclear reactors with upgraded safety systems and improved operating parameters
• systems for testing equipment at nuclear power plants and research and other reactors
• modern means and methods of radiation control
• collective and individual protection means for the personnel of nuclear and radioactive facilities and the population living near them (radio-protectors, means for preventing the organism’s primary response to radiation exposure, medicines for removing radio-nuclides from the organism, medical testing systems with minimum radiological side-effects)
• systems and technologies for more effective use of radiation testing and radio-isotopic production in science, industry, health and agriculture
• systems for more effective decommissioning and disposal of sources of radiation, first of all, radionuclear thermoelectric generators
• means and methods for reducing the population’s exposure to radon and other natural radio-nuclides resulting from natural processes and human activities for mining, processing and consuming oil products and other types of mineral resources and construction materials
3) to organize and conduct large-scale radiological examinations with a view to detect residential and industrial areas with high inadmissible concentration of radon and its derivatives, to organize public hearings, to draft regulatory documents concerning reduction of radiation risk and to introduce necessary database
4) to improve the personnel training system by introducing modern specialized equipment, training aids and psychological training
5) to design new and to unify existing individual and group simulators
12. In order to improve the system of physical protection of nuclear and radioactive facilities and materials it is necessary to:
• to improve legislation concerning the physical protection and safety of nuclear and radioactive facilities
• to make a list of model risks and violators for vulnerability analysis and preventive measures
• to develop criteria for assessing the efficiency of the systems of physical protection of nuclear and radioactive facilities and model requirements to such systems
• to organize measures for protecting information concerning the safety of nuclear and radioactive facilities and materials and nuclear weapons
13. In order to dispose of nuclear and radioactive facilities and materials and to recover territories under them, it is necessary:
1) to take an inventory of contaminated territories of the Russian Federation, to categorize them as to their potential danger, to plan measures for their recovery
2) to ensure quick and effective treatment of nuclear materials, irradiated fuel assemblies of nuclear reactors, radioactive waste produced by nuclear weapons, nuclear power industry, submarines, ships with nuclear reactors and other sources of radiation
3) to stably finance measures for destroying decommissioned nuclear facilities that are especially dangerous for the population and the environment as well as decommissioned submarines with undischarged nuclear fuel
4) to carry out the following measures:
• to improve the ecological conditions and to restore the economic functions of territories contaminated as a result of military programs or emergencies at industrial facilities by means of inter-departmental and inter-regional ecological and rehabilitation programs
• to process radioactive waste into useful materials and to isolate (bury) radioactive waste that can no longer be used for any purposes
• to reconstruct and modernize outdated solid and liquid waste storage facilities, including facilities for storing decommissioned submarines
• to develop methods for radiation safety analysis
5) to develop and introduce mechanisms for economic motivation of ecological projects aimed at minimizing and liquidating radioactive contamination of the environment
14. In order to train and enhance the qualification of personnel it is necessary:
• to improve the system of recruitment, training and certification of personnel, including top managers, in the field of nuclear and radiation safety
• to instruct the population on how to protect themselves from possible negative effects when dealing with nuclear materials, radioactive matters, radioactive waste and sources of nuclear radiation and in case of emergencies and their liquidation
15. In order to improve the efficiency of the international cooperation in the sphere it is necessary:
1) to ensure the implementation of international agreements and conventions the Russian Federation is signatory to and to enlarge the contractual basis concerning nuclear and radiation safety
2) to improve the mechanisms of control and use of financial and other means received by the Russian Federation under international agreements for ensuring nuclear and radiation safety
3) to ensure the effective involvement of Russian specialists in the activities of international organizations dealing with problems of nuclear and radiation safety, in international inspections, examinations and missions related to the implementation of international agreements and conventions the Russian Federation is signatory to, in joint exercises, training, methodological, scientific and other events
4) to ensure the ratification of the Vienna Convention on Civil Liability for Nuclear Damage (May 21 1963) with amendments made in 1997 and the Joint Convention on the Safety of Spent Fuel Management and the Safety of Radioactive Waste Management
5) to improve forms and mechanisms of international cooperation in the following directions:
• to develop and implement coordinated global strategy for safety of nuclear and radioactive facilities and materials
• to ensure safe and timely decommissioning of nuclear and radioactive facilities
• to protect nuclear and radioactive facilities from acts of terrorism
• to enhance the safety of any operations with nuclear and radioactive facilities and materials throughout their lives
• to jointly respond (if necessary) to emergencies related to nuclear and radioactive facilities, to form rescue and fire prevention units
• to improve mechanisms for providing (receiving) international assistance in case of emergencies or terrorist acts related to nuclear and radioactive facilities
VI. Key mechanisms and stages of implementation of the Principles
16. The Principles are implemented in the framework of:
• state armament program
• federal target programs of nuclear and radiation safety
• plan of action for implementing the Principles
17. In order to improve the mechanisms it is necessary:
• to develop nuclear and radiation safety management planning, with focus on mid-term planning
• to draft and adopt conceptual and program documents outlining long-term development prospects of the nuclear power industry, nuclear fuel complex and nuclear weapons complex
18. The Principles are implemented stage by stage
19. At the first stage (2004-2005) it is necessary:
• to take an inventory of nuclear and radioactive facilities and materials and to make lists of nuclear and radioactive facilities and critical facilities
• to take an inventory of contaminated territories and to categorize them as to their potential danger for the population and the environment
• to revise and implement federal target programs in the field of nuclear and radiation safety
• to improve the regulatory basis in the field of nuclear and radiation safety
• to work out and implement a complex of measures for enhancing the efficiency of state regulation, coordination and control of nuclear and radiation safety measures, to improve the structure of state management and regulation in the sphere, to distribute powers among federal, regional and local authorities and to improve mechanisms of civil responsibility for damages caused by the use of nuclear energy
• to develop and improve state system for protection of information concerning nuclear and radioactive facilities and materials
20. At the second stage (2006-2010) it is necessary:
1) to create and/or improve
• state system of nuclear and radiation safety
• untied state automated system of radiation control
• system of recording and control of nuclear and radioactive facilities and materials
• united state system of control of individual irradiation of people living near nuclear and radioactive facilities or working at them
• system of medical support for nuclear and radiation safety
• unified system of protection of nuclear and radioactive facilities and materials
• automated system of constant monitoring of nuclear and radioactive facilities (cargoes) and materials and their transportation by all types of transport (with the pilot program implemented in 2004-2005)
2) to complete the formation of long-term development forecasting for the nuclear power industry, nuclear fuel complex and nuclear weapons complex of the Russian Federation
3) to carry out measures for destroying decommissioned nuclear and radioactive facilities and materials and recovering the most contaminated territories
4) to optimize the participation of the state in regulation, coordination and control of nuclear and radiation safety projects
5) to carry out planned research and development projects for developing highly efficient technologies in the field of nuclear and radiation safety with a view to produce highly competitive technologies
6) to work out effective mechanisms of international cooperation in the field of nuclear and radiation safety.
Managers of Rosatom and Gazprom will meet at OKBM on Jan 23 2008
The delegation of Gazprom will be led by the member of the board B.Budzulyak. Rosatom will be represented by the deputy head of the agency I.Kamenskikh and the deputy head of Atomenergoprom S.Obozov. The guests will meet with the managers of OKBM as well as the acting director of VNIEF V.Kostyukov and the acting director of NIIIS A.Sedakov.
The parties will consider the possibilities of use of nuclear power plants for supplying electricity to Gazprom technological facilities.
The parties will also discuss the course of the feasibility study of projects to connect mobile nuclear power plants with gas deposits and gas compressor stations. OKBM will inform the conferees about its projects to design reactors of low and medium capacity. NIIIS will report on projects concerning Gazprom. Gazprom and Rosatom will consider the prospects of their cooperation.
Kamenskikh will introduce the acting director of OKBM D.Zverev, appointed to the post by the head of Rosatom on Jan 16 2008.
The meeting will be followed by a press-conference.
Definitely bouncing off .88 cents.
Does anyone know about the company AREVA? It seems like this company would be NNRI and its allies direct competition. AREVA just signed a deal with China for 2 more reactors.
MORE INFO>
Belene contract 'opens new prospects' for Russia in Europe
18 January 2008
The signing of a Eur4 billion contract for two new nuclear power reactors was welcomed by vendor AtomStroyExport, (ASE) which said that its selection for the new plant would help its chances to win further contracts in Europe.
The plant, to be built at the existing but empty Belene site in northern Bulgaria, will boast a "unique combination of active and passive safety systems," ASE said. That company's AES-92 VVER-1000 reactors will be operated using control and automation systems from an Areva/Siemens consortium called Carsib, while 100 Russian firms will also contribute.
Two AES-92 model VVERs are under construction at Kudankulam in India, while two earlier AES-91 units began operation at Tianwan in China last year. ASE is also close to finishing the Bushehr nuclear power plant in Iran.
ASE reported that it had completed the conceptual design for the Belene units. It is now drafting the technical design and taking on the required staff. ASE will act as the main contractor, and the company's CEO, Sergey Shmatko, today signed the engineering procurement and construction contract with Lubomir Velkov and Mardik Papzyan of Nationalna Elektricheska Kompania (NEK). Also present wer e Georgi Parvanov, President of Bulgaria and Vladimir Putin, President of Russia, who said that Belene would make Bulgaria one of the leading electricity exports in Europe.
NEK said the contract worth Eur4 billion ($5.8 billion). It did not elaborate on the process to pick major investors for up to 49% of the project from the shortlist of Belgium's Electrabel, CEZ of the Czech Republic, EOn and RWE of Germany, and Italy's Enel. The companies were told in December 2007 to improve their bids.
ASE were chosen by NEK in November 2006, while in December that year Bulgarian regulators approved the Belene site for new build. The project received approval from the European Commission in December 2007.
ASE said its success with the tender should "open up new prospects for Russian nuclear technology in Europe."
HUGE POTENTIAL FOR NNRI:
Russia and Bulgaria Ink Several Contracts
Sofia, Jan 18 (Prensa Latina) Presidents of Russia and Bulgaria, Vladimir Putin and Georgi Parvanov respectively, signed eight bilateral cooperation agreements Friday, among which is for construction of a nuclear plant and an oil pipeline.
The agreements signed during Putin s official visit to Sofia refer to bilateral issues in energy, culture, transport and tourism.
The nuclear plant is valued at 5.88 billion dollars, will be located in Belene, on the banks of the Danube River, and will be the first work by the Russian group Atomstroyexport in a European Union member country.
At the end of the conversations, Russia and Bulgaria also signed another agreement for the participation of Bulgaria in the Russian-Italian gas pipeline project "South Stream" that begins in Russia and passes through the Black Sea.
ef ccs tac por
PL-30
Good Post
So basically you have no facts to back up your claim.
OK I'll sell all my shares now. NOT!
Another positive article for NNRI:
A.Putilov, Organization of long-term technological storage of spent nuclear fuel as the last stage of nuclear fuel cycle in developing nuclear power industry
--------------------------------------------------------------------------------
In order to ensure the further effective development of the nuclear power industry of Russia, we should solve the problem of nuclear, radiation and ecological safety. Safe and economically efficient treatment of irradiated (spent) nuclear fuel (SNF) is one of the key components of this problem. If we find an effective and modern solution to this problem, we will be able to parry the key arguments of the opponents of nuclear power engineering and to more effectively assess our expenses for the whole life cycle of a nuclear power plant.
The negative experience of the previous delayed solutions, when we had no effective instruments for analyzing the future (present) problems, has urged us to take urgent measures to draft a single state policy with a view to guarantee the technological, organizational and economic safety of the process of treatment of SNF in Russia. We need new technologies that will have high innovative potential and will fit well into the reformed nuclear industry. Part of our delayed problems will be resolved in the framework of the Nuclear and Radiation Safety program, to be launched in 2008. But we still need a strong theoretical basis for solving the problem of SNF.
The problem of SNF is one of the most topical problems, today. Should we regard SNF as radioactive waste or as valuable material for further processing? Unfortunately, we have no absolute answers to this question. SNF quality analysis shows that there are lots of factors testifying that it is economically inexpedient to regard SNF as waste. On the other hand, extraction of valuable products from SNF a very expensive process resulting in secondary radioactive waste. None of the countries having operating nuclear power plants has a really efficient system of disposal of SNF. We are doing certain work in this direction and I think that this problem will be solved in the near future. What we need, today, is to develop innovative technologies in order to enhance the safety and to improve the economic efficiency of SNF treatment and, mostly importantly, to ensure ecologically safe long-term technological storage of SNF.
Presently, we have some 20,000 tons of SNF, which is much less than the waste produced by traditional power plants. Ecologists say that the potential damage caused by a 1,000 MW nuclear power plant is three times smaller than the damage cased by a coal power plant of the same capacity. This figure refers to the whole fuel cycle from uranium or coal extraction to waste disposal. People are forced to pay for used KWh and the more efficient the fuel cycle technologies are the lower price they will have to pay.
The bulk of SNF is presently stored in “wet” storage facilities at nuclear power plants.
The “wet” storage technology (storage in water) is the initial stage of the SNF treatment process. It is an essential procedure as water cools down spent fuel assemblies and prevents release of radiation. However, long-term storage in water (for decades) results in corrosion of both the assemblies and the cooling ponds. That’s why experts worldwide are considering ways to store SNF “dry.” This technology would allow storing SNF for much longer time (for over 50 years). So, we would have enough time to decide what we would do with the fuel later.
Presently, there are several ways of “dry” storage of the spent fuel assemblies of light water reactors. One of the most applied ways is container storage. Containers are very safe and resistant to emergencies. Besides, they are very economical: you don’t have to spend much money on them. In Russia we have shipping packaging sets – containers for transportation of all types of spent fuel assemblies. However, this technology requires high production capacities for timely production of necessary packaging sets.
There is one more way to store SNF “dry”: long-term “dry” storage facilities. You will not have to spend much money to build such a facility but you will have to spend a lot on its maintenance. Presently, the Mining Chemical Combine is building such a facility. Long-term “dry” storage facilities are supposed to help us to dispose of the SNF accumulated in the cooling ponds of RBMK-1000 NPPs and are equally good for WWER-1000 fuel assemblies.
By 2030 we have to increase the share of nuclear power plants in the total electricity production to 25%. More NPPs will produce more SNF. So, we will need more long-term storage facilities. Today, we have a clear picture of the future of our nuclear power industry and can start developing a system approach “dry” storage of SNF. In theory we already know how to solve this problem, what we need is financing.
Today, Russia is actively integrating into the world nuclear market and we need to create an efficient system of logistics (transportation, packaging, storage) – a system that will be compatible with the standards applied in Europe, South-East Asia, Japan. The President of Russia has appeared with an initiative to create international centers for long-term storage and treatment of spent nuclear fuel. One such center is supposed to be created in Russia, in Siberia, at the Zheleznogorsk Mining Chemical Combine or at the Krasnokamensk Mining Company. This will be one more step towards the establishment of an international uranium enrichment center in Irkutsk.
Our key long-term goal is technologies of closed nuclear fuel cycle – a system that will allow us to no longer depend on uranium reserves and to have fuel for hundreds of years. Presently, we are just starting research aimed at designing a safe and highly competitive platform for our future nuclear power industry. As soon as we decide on the platform, we will be able to solve the problem of accumulated spent nuclear fuel. As soon as we prove the competitiveness of the fast-breeder reactors, we may start processing accumulated SNF for those reactors. That’s why the work on new effective SNF treatment technologies must be part of our new technological platform.
The current reforms in the nuclear sector are aimed at ensuring stable and effective energy supply in Russia. In our country nuclear power industry has always been under state control and ownership. The reforms are supposed to effectively combine state control with new competitive environment. Market mechanisms will help us to effectively compete with our rivals. However, new forms of ownership will have no negative effect on the safety of nuclear power production.
The state will always be the key guarantor of the safe use of nuclear technologies and the effective treatment of radioactive waste. But in order to be able to do it well the state should create an efficient national legislative system. Different countries have different models of development of nuclear industry: most of them are based on combination of state and private capitals. The state should specify its national policy (goal) and strategy (long-term program), by means of legislation, to attract necessary resources – infrastructure, modern technologies, highly-qualified personnel – and, most importantly, to ensure long-term financing.
We can’t privatize our nuclear sector for attracting capital: it is strategically and political important for our country. Recently, we established Atomenergoprom, a 100% state-owned holding. In order to overcome the contradictions between state and private business, we have decided to apply the concept of state-private partnership – an institutional and organizational alliance between the state and the business for implementing large-scale development projects in strategically important sectors. This is not just investments, concessions and guarantees, this is a complex of contractual relations between owner, investors, suppliers, regulating bodies and authorities. The responsibilities, power and spheres of activity of the parties should be clearly delimited by relevant laws.
Concession is one of the widest spread forms of state-private partnership under big projects. Our legislation also has such a standard. Concession is a system of relations between the state and private legal and physical entity based on concession of the right to use state property under contract, for payment and on condition of return and to carry out activities constituting state monopoly. Unlike contract and leasing, concession is based on long-term relations and allows both parties to carry out strategic planning of their activities. Concession gives private companies a free hand in administration and management. At the same time, the state is given sufficient levers for influencing the partner if he breaks the terms of the contract and for protecting public interests. In case of concession, the state concedes the right to use its property but retains the right to manage it.
In order to effectively develop our nuclear industry and enter the world market, we need not only state financing under federal target programs but also infrastructure projects based on state-private partnership. Nuclear, radiation and ecological safety is the responsibility of the state and, today, the state must guarantee that the process of treatment of spent nuclear fuel and radioactive waste will be safe and will have no negative effects on the coming generations. Only state companies can provide such a guarantee. However, this does not mean that private companies cannot be involved in the final stage of the nuclear fuel cycle. Particularly, they can carry out such operations as transportation and even long-term storage of spent fuel assemblies.
Today, we need organizations and companies ensuring continuous scientific-technical and organizational-financial management of treatment of spent nuclear fuel, transportation, long-term storage and reprocessing or final isolation of spent fuel assemblies. Obviously, the expenses on the final stage of the nuclear fuel cycle will increase the cost of the production. So, we should find economically effective ways to store spent nuclear fuel. For this purpose, we should theoretically reconsider the whole long-term cycle of SNF treatment.
Figures, I buy more and it goes down. I should let everyone know when I buy that way you can wait and get it cheaper.
I got this information on this web site: http://www.rosatom.ru/en/ It's the Press Center of Nuclear Energy and Industry. There is alot of good information on the site that might impact NNRI or it's alliances.
Could NNRI's container project be involved?
In June 2008 Russia will take away highly enriched uranium from Sofia Nuclear Physics Institute
In June 2008 Russia will take away highly enriched uranium from Sofia Nuclear Physics Institute and will help the institute to switch to low-enriched fuel, the head of Rosatom Sergey Kiriyenko told journalists in Sofia on Jan 18.
“Today, we are signing an intergovernmental agreement that Russia will replace the research reactor of the Academy of Sciences of Bulgaria, the reactor built by Russian specialists, because it uses highly enriched uranium,” Kiriyenko said.
Kiriyenko explained to the journalists that highly enriched uranium could be used for production of weapons and reminded them that Russia and the United States had RERTR (Reduced Enrichment for Research and Test Reactors) program for replacement of research reactors using highly enriched uranium by safe civil reactors.
“According to the agreement, in June 2008 we will take away the highly enriched uranium, will replace the reactor so it can work on low-enriched uranium and will supply the new reactor with necessary fuel,” Kiriyenko said.
More news:
In the future the number of units at Belene NPP may be increased from two to four
In the future the number of units at Belene NPP may be increased from two to four, the head of Rosatom Sergey Kiriyenko said during a press-conference in Sofia on Jan 18.
«There is no sense in building just two units at Belene NPP. If the construction of the first two units proves successful, we may consider building two more units there,» Kiriyenko said.
He reminded the journalists that Russian Atomstroyexport had won the right to build Belene NPP under NPP-92 project (two VVER-1000/V-466 reactors). «Today, we are signing a contract worth 4bln EUR – quite a big sum for the commodity turnover of Russia and Bulgaria. The NPP-92 project has been grated an EU license and, now, we have no problems with building the plant,» Kiriyenko said.
“Energy demand is growing not only in Bulgaria but in the whole Balkan region. So, it is extremely important to build modern NPP in the region as quickly as possible,” Kiriyenko said.
On Oct 31 2006 the National Electric Company of Bulgaria officially proclaimed Atomstroyexport as the winner of the tender for the construction of Belene NPP under Russian NPP-92 project – a plant with two VVER-1000/V-466 reactors. The key rival of Atomstroyexport and its partners Areva NP and Siemens were Skoda Alliance and Westinghouse. The victory in the tender has opened up new prospects for Russian nuclear technologies in Europe.
The preliminary agreement was signed in 2006. The project was launched on Jan 1 2007. The conceptual design is ready, now, Atomstroyexport is drafting the technical design and is recruiting managers.
It is a turn key project unlike the projects carried out by ASE in China and India. Russia is fully responsible for the management of the project.
17.01.2008 // Press service of Atomstroyexport CJSC
On Jan 17 2008 President of Atomstroyexport CJSC Sergey Shmatko left for Bulgaria as part of the Russian delegation led by Russian President Vladimir Putin
During the visit Atomstroyexport is planning to sign a contract with the National Electric Company of Bulgaria for the construction of Belene Nuclear Power Plant.
On Oct 31 2006 the National Electric Company of Bulgaria officially proclaimed Atomstroyexport as the winner of the tender for the construction of Belene NPP under Russian NPP-92 project – a plant with two VVER-1000/V-466 reactors. The key rival of Atomstroyexport and its partners Areva NP and Siemens were Skoda Alliance and Westinghouse. The victory in the tender has opened up new prospects for Russian nuclear technologies in Europe.
The preliminary agreement was signed in 2006. The project was launched on Jan 1 2007. The conceptual design is ready, now, Atomstroyexport is drafting the technical design and is recruiting managers.
Note
Atomstroyexport CJSC is the leading Russian company implementing contracts for the construction of nuclear power plants abroad.
Belene NPP is a unique combination of active and passive safety systems. The project received EUR certificate in 2007.
Atomstroyexport’s proposal is important for integration of Russian-European experience in NPP construction. Part of equipment will be supplied by the key partner of Atomstroyexport, CARSIB Consortium(«Areva NP» and «Siemens»).
In Dec 2007 European Commission officially approved the investment plan of the project.
I'm sure you're an expert and have years of experience starting companys. It's so easy and everything is done right on time.
It's interesting that CitronResearch would bash NNRI. What do they have to gain? Apparently alot. I found this article on Goodvalue.com under the article titled, "The Ethics of Bashing Stocks", written 11/18/07. Here is part of that article.
But what is so bad about writing about stocks in which I have an interest? I always disclose a position, as does Sharesleuth. A similar website is CitronResearch.com, run by Andrew Left, who has a blanket statement on his website that he may short any of the companies about which he writes. Is this any different from a mutual fund manager who appears in the pages to talk up stocks in his portfolio? And yet such mutual fund managers get superstar treatment and short sellers like myself earn nothing but the enmity of a bunch of anonymous hooligans.
Nice
I see it but this was explained in the latest update>
RUAR
In a press release dated May 21 2007 we announced that we signed a letter of intent to acquire 50% of RUAR subject to completion of due diligence including review and verification of its proposed business plan. In a July 9 news release we stated that we had concluded due diligence on RUAR. Subsequent to the issuance of this news release and after several meetings with RUAR ownership, NNRF management determined that further examination of the agreement was required.
It was the intent of NNRF, once the acquisition was complete, for RUAR to implement the process of becoming a publicly traded company on the London Alternate Investment Market and dividend to NNRF shareholders NNRF's interest in RUAR's H-XCELL fuel division. During this extended due diligence period Mr. Sinclair and Mr. Goerke toured some of the companies that RUAR plans to acquire as part of its business plan. Continued review of the planned RUAR acquisitions and further due diligence meetings indicated that the capital requirements of RUAR exceeded what the NNRF Board of Directors and management felt could be justified by potential returns. Management have determined that the proposed acquisition and RUAR's business model, as currently structured, is too expensive and does not generate a viable return to NNRF shareholders. At this time The Board of Directors and management have determined that NNRF concentrate on strengthening its existing acquisitions and potential acquisitions that are more suitable to the company's core nuclear industry business.
Does anyone go on the web site, Board Central? NNRI is the number one searched stock and number 2 on their hot list.
I am in the same boat but realize that it's a pink sheet stock. It's risky and you have to do your DD. I have faith in this company and just bought more shares today (in for the long term). I don't remember anything about a dividend being issued. Correct me if I am wrong but you may be confused with ATOLL giving NNRI a dividend.
NNRI removed from naked short list.
NNRI removed from short list.
NNRI to trade on OTC BB in 3rd quarter of 2007.
So, what you are saying is that his chart annalysis is wrong?