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World's 1st floating nuke plant to spur regional economy

- Replacing coal-burned Chaunskaya Power Plant, Akademik Lomonosov to ensure elimination of harmful emissions in Arctic ecosystem

home > Electricity, Nuclear, Eurasia 27.12.2019 10:29

World's 1st floating nuke plant to spur regional economy
file photo

The world's first floating nuclear power plant "Akademik Lomonosov" will boost the socio-economic development of the region and be a key infrastructural element in the Northern Sea Route (NSR) project, a shipping lane runs along the Russian Arctic coast, a Russian official said.

As not only will it provide energy but also heat to the Far North ports, where it is planned for NSR traffic to pass through, Vitaly Trutnev, director for the construction and operation of the floating nuclear power plants at Rosenergoatom Concern JSC, a branch company of Russia's nuclear energy giant Rosatom's, told Anadolu Agency on Friday.

Designed to operate for about forty years, the plant will become the baseline power generation facility in the country's far east autonomous region of Chukotka.

"There are over 50,000 people who live and work in the region, so, this is not only about long-term sustainable development, which is impossible without a stable energy supply, but also about the region's energy security," Trutnev said.

"The floating plant will not only replace the decommissioned Bilibino Nuclear Power Plant but also the working Chaunskaya Power Plant that uses brown coal as fuel, probably the most harmful type of fuel. So, as well as ensuring the elimination of harmful emissions in the Arctic ecosystem, Akademik Lomonosov is also a guarantee that the region's inhabitants will not be left without light and heat in the freezing Far North," Trutnev explained.

The plant equipped with two 35 megawatt KLT-40C reactor systems similar to those used on icebreakers, is capable of generating enough electricity for around 100,000 homes, according to company.

Akademik Lomosonov, of which the construction took over a decade, was grid-connected on Dec.19 to release first kilowatt-hours of electricity in Russia's northernmost town of Pevek on the Arctic coast, while commercial operation is expected to start in 2020.


- A floating plant amid safety concerns

Akademik Lomonosov is the lead project in a series of low-power transportable power units, built from start to finish in shipyards, using the same expert construction technology as on nuclear icebreakers and navy ships, according to Trutnev.

"The floating plant is installed with the same type of reactors that have decades of safe operations on nuclear-powered icebreakers," Trutnev said.

He explained that the only difference is that the reactor on the floating plant is not used for a safe passage through the Arctic sea but to power remote regions, where it is practically impossible to transport electricity by land.

However, the floating plant also raised safety concerns among environmental groups that the plant could fall victim to a disaster.

Commenting on those concerns, Trutnev said that the plant meets the highest safety standards, adhering to both post-Chernobyl and post-Fukushima safety requirements.

"The probability of a giant asteroid destroying our planet in the coming decades is twice more likely to happen then to be a severe accident at the Akademik Lomonosov," Trutnev said.

The company took into account all possible and even the most unlikely extreme scenarios when developing the plant's design and strength of its structures, Trutnev said and added "All emergency scenarios were repeatedly modelled and tested."

"The maximum height of waves off the Siberian coast can come to 3 metres. We have tested the reliability and stability of the plant to withstand waves 20 times higher than 6 metres [120 meters]. In addition, the vessel can remain stable under winds of up to 80 meters per second. The maximum list of the vessel is only 3-5 degrees, which means that any strong storms, waves or flooding will not cause the ship to capsize, and thus will not require the reactor to be shut off," Trutnev said.

According to Trutnev, Akademik Lomonosov is designed in such a way that even in the face of a severe accident, the probability of radioactive substance leaking into the environment is absolutely negligible.

"Any system failure that the plant may suffer will not lead to an accident," Trutnev said and added "Even in the absolutely unbelievable event that all active --- operator-driven --- safety systems fail simultaneously, the passive safety systems ensure reactor shut down and makes it watertight, preventing any radioactive substance leak."


- Economic viability

"In hard-to-reach areas, price and cost of electricity is much higher than in a average national grid, so this ensures enough revenue to make a fair return on investment in plant when they are built in series," Trutnev commented on the questions whether a floating plant is economically viable power provider.

"The plant requires more upfront investment but unlike wind turbines and solar panels --- which normally only operate at 15-20% of their installed capacity with a service life, especially in the Arctic, of just 20-25 years --- a nuclear plant operates at 90% of its capacity for about twice as long. If you divide the amount of upfront investment by the number of kilowatt-hours output over the entire life of the plant, the floating plant is cheaper than alternatives," Trutnev explained.

According to Trutnev, as it is a pilot project, it will be more expensive and take longer to build than subsequent serial projects will.

"This rule is not just applicable to the nuclear industry but was also true of first solar panels constructed. Cost reduction comes with the economies of scale and the learning curve," he explained.

However, overall costs of the plant have not been disclosed as the project is yet to be completed, Trutnev said.


- Russia's aim to export floating plant

Rosatom is already working on second generation floating plant, which will be equipped with two RITM-200 reactors each with a capacity of 50 megawatts. Having a greater power capacity, new plants will be smaller than their predecessors, according to the company.

"The target price for the serial version of floating plants installed with a RITM-200 reactor are aimed towards successfully competing with both fossil fuels and renewables, as well as with the possibility to enter the national grid through long-distance power lines," Trutnev said.

Rosatom hopes to sell floating plants to countries around the world, as the company previously announced that it signed agreement with countries, like Sudan, to explore the possibility of building floating plant.

According to Trutnev, floating plants are adaptable to various weather conditions including low temperatures of the far north and hot tropical climates without sacrificing safety and can be a solution to hard-to-rich coastal areas and locations that are remote from central grids.

By Firdevs Yuksel

Anadolu Agency

energy@aa.com.tr


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Spot market electricity prices for Tuesday, March 10

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.36 billion Turkish liras
09.03.2026 Electricity

Türkiye's daily power consumption down 11.5% on March 8

Electricity exports amount to 13,445 megawatt-hours and imports total 3,212 megawatt-hours
09.03.2026 Electricity

Spot market electricity prices for Monday, March 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 937.37 million Turkish liras
08.03.2026 Electricity

Türkiye's daily power consumption down 4.4% on March 7

- Electricity exports amount to 12,411 megawatt-hours and imports total 4,445 megawatt-hours
09.03.2026 Electricity

Spot market electricity prices for Sunday, March 8

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 671.6 million Turkish liras
07.03.2026 Electricity

Türkiye's daily power consumption down 0.8% on March 6

- Electricity exports amount to 8,277 megawatt-hours and imports total 5,617 megawatt-hours
08.03.2026 Electricity

Spot market electricity prices for Saturday, March 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 804.4 million Turkish liras
06.03.2026 Electricity

Türkiye's daily power consumption up 0.1% on March 5

- Electricity exports amount to 9,126 megawatt-hours and imports total 4,864 megawatt-hours
06.03.2026 Electricity

Spot market electricity prices for Friday, March 6

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.70 billion Turkish liras
05.03.2026 Electricity

Türkiye's daily power consumption down 0.2% on March 4

- Electricity exports amount to 10,054 megawatt-hours and imports total 4,528 megawatt-hours
05.03.2026 Electricity

Spot market electricity prices for Thursday, March 5

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.48 billion Turkish liras
04.03.2026 Electricity

Türkiye's daily power consumption up 1.7% on March 3

Electricity exports amount to 8,764 megawatt-hours and imports total 4,805 megawatt-hours
04.03.2026 Electricity

Spot market electricity prices for Wednesday, March 4

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.17 billion Turkish liras
03.03.2026 Electricity

IAEA confirms damage to buildings at Iran’s Natanz enrichment site

- UN nuclear watchdog says no radiological consequences expected following damage to entrance structures
03.03.2026 Nuclear

Spot market electricity prices for Tuesday, March 3

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.53 billion Turkish liras
02.03.2026 Electricity

No rise in radiation levels detected in countries bordering Iran: UN nuclear watchdog

- Director-general warns risk cannot be ruled out, urges maximum restraint, return to diplomacy amid ongoing tensions in Middle East
02.03.2026 Nuclear

Türkiye's daily power consumption down 10.5% on March 1

- Electricity exports amount to 10,555 megawatt-hours and imports total 4,003 megawatt-hours
02.03.2026 Electricity

Spot market electricity prices for Monday, March 2

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.26 billion Turkish liras
01.03.2026 Electricity

Türkiye's daily power consumption down 6% on Feb. 28

- Electricity exports amount to 8,622 megawatt-hours and imports total 5,539 megawatt-hours
02.03.2026 Electricity

Spot market electricity prices for Sunday, March 1

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.20 billion Turkish liras
28.02.2026 Electricity

Türkiye's daily power consumption up 1.5% on Feb. 27

- Electricity exports amount to 8,673 megawatt-hours and imports total 5,327 megawatt-hours
01.03.2026 Electricity

Spot market electricity prices for Saturday, Feb. 28

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 841 million Turkish liras
01.03.2026 Electricity

Türkiye's daily power consumption up 1.4% on Feb. 26

- Electricity exports amount to 8,137 megawatt-hours and imports total 5,551 megawatt-hours
27.02.2026 Electricity

Spot market electricity prices for Friday, Feb. 27

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.07 billion Turkish liras
26.02.2026 Electricity

WindEurope CEO hails Türkiye's record growth in wind power installations

- Wind figures demonstrate Türkiye's accelerating momentum in renewables and reinforce its position as reliable partner for EU, WindEurope head says
28.02.2026 Electricity , Finance , Wind

Türkiye's daily power consumption up 3.3% on Feb. 25

- Electricity exports amount to 6,057 megawatt-hours and imports total 4,844 megawatt-hours
26.02.2026 Electricity

Türkiye ranks second in Europe for new wind power installations in 2025

- Europe's total installed wind power capacity reaches 304 gigawatts with 19.1 gigawatts added last year, WindEurope says
27.02.2026 Electricity , Finance , Wind

Spot market electricity prices for Thursday, Feb. 26

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.06 billion Turkish liras
26.02.2026 Electricity

Türkiye's daily power consumption up 0.3% on Feb. 24

- Electricity exports amount to 7,772 megawatt-hours and imports total 2,935 megawatt-hours
26.02.2026 Electricity

Spot market electricity prices for Wednesday, Feb. 25

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.68 billion Turkish liras
24.02.2026 Electricity

Türkiye's daily power consumption up 15.4% on Feb. 23

- Electricity exports amount to 6,497 megawatt-hours and imports total 2,717 megawatt-hours
24.02.2026 Electricity

High energy costs threaten UK manufacturing, investment

- Business groups say nearly 90% of firms face rising bills, calling for urgent government action to restore competitiveness
23.02.2026 Electricity

Spot market electricity prices for Tuesday, Feb. 24

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.43 billion Turkish liras
23.02.2026 Electricity

Türkiye's daily power consumption down 8.9% on Feb. 22

- Electricity exports amount to 8,796 megawatt-hours and imports total 1,148 megawatt-hours
23.02.2026 Electricity

Spot market electricity prices for Monday, Feb. 23

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.34 billion Turkish liras
22.02.2026 Electricity

Türkiye's daily power consumption down 6.8% on Feb. 21

- Electricity exports amount to 7,820 megawatt-hours and imports total 1,724 megawatt-hours
22.02.2026 Electricity

Spot market electricity prices for Sunday, Feb. 22

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 577.98 million Turkish liras
21.02.2026 Electricity

Türkiye's daily power consumption down 2.7% on Feb. 20

- Electricity exports amount to 7,418 megawatt-hours and imports total 1,874 megawatt-hours
22.02.2026 Electricity

Spot market electricity prices for Saturday, Feb. 21

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 858.98 million Turkish liras
20.02.2026 Electricity

EXCLUSIVE- Türkiye adopts flexible EV charging pricing to cut costs and boost investment

- Country's energy regulator approves flexible pricing in EV charging, enabling off-peak discounts to cut monthly user costs by up to 60% while supporting new infrastructure investment
22.02.2026 Electricity

Spot market electricity prices for Friday, Feb. 20

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 752.3 million Turkish liras
20.02.2026 Electricity

Türkiye's daily power consumption down 0.9% on Feb. 19

- Electricity exports amount to 9,320 megawatt-hours and imports total 4,657 megawatt-hours
20.02.2026 Electricity

Türkiye's daily power consumption up 3.6% on Feb. 18

- Electricity exports amount to 7,487 megawatt-hours and imports total 4,797 megawatt-hours
19.02.2026 Electricity

Spot market electricity prices for Thursday, Feb. 19

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.45 billion Turkish liras
18.02.2026 Electricity

Türkiye's daily power consumption up 4.9% on Feb. 17

- Electricity exports amount to 7,258 megawatt-hours and imports total 2,129 megawatt-hours
19.02.2026 Electricity

Spot market electricity prices for Wednesday, Feb. 18

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.36 billion Turkish liras
18.02.2026 Electricity

Türkiye's daily power consumption up 16% on Feb. 16

- Electricity exports amount to 9,120 megawatt-hours and imports total 2,336 megawatt-hours
17.02.2026 Electricity

Spot market electricity prices for Tuesday, Feb. 17

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 826.33 million Turkish liras
16.02.2026 Electricity
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