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Date: 3 months ago   Category: Companies

Why and on what money will Rosatom construct the NPP in Egypt?


Russia will issue to Egypt the credit of 25 billion dollars. On this money Rosatom will construct power plant there. Funds will be allocated from National welfare fund. Vladimir Putin has told about it at the Valdai forum. News has caused ambiguous reaction of the Photo: Amr Dalsh/Reuters Russia will construct to Egypt nuclear power plant on pension money, write in social networks. It is possible not to continue further. Quite misleading position. First, the National welfare fund from where means will go, really is a guarantor of our pensions, but it is money for a case of hard times, and even in the most hard times the jug wasn't spent for pensions. Secondly, and that it is better — to keep means in the American state papers with the minimum profitability or to enclose them in the effective project under good percent? All use electricity, Egyptians not an exception. The nuclear power plant in this country will bring income, so Russia also will earn from it. Rosatom, unlike some other Russian corporations, builds what doesn't break and makes profit. The corporation, except Egypt, builds stations in eight countries, only last year foreign revenue has exceeded 6 billion dollars. Sergey Pikin the director Fonda of power development "Turns out that money which is taken by Rosatom begin to work really, but doesn't invest in financial papers, for example the American bonds or still any. There is a real working asset with a clear formula of the price of a refund, and it is, in my opinion, the most advantageous design. The payback of similar projects will depend, of course, on the cost at which energy will be on sale, but from practice of the last years all projects which are kept by Rosatom, are paid back". One more moment: Russia not just gives this money, they come back to the country in the form of payment to Rosatom of construction of the station. This investment not only to Egypt, but also in the Russian technologies, is orders in the Russian industrial enterprises. Eventually, act all developed and developing countries this way. For example, China has invested 25 billion dollars in the industry of South Africa. It is unlikely pragmatic Chinese do charity work. And how many money the American companies and funds have once invested in the Chinese industry? Or national fund of Norway, an analog of the Russian NWF which invests billions of dollars in real business — stocks of Shell, ExxonMobil, Microsoft, Daimler, Apple, Nestle. And won't come to Norwegians to mind to be indignant that the guarantor of their pensions invests in the producer of food. Why is also not present if it brings income. As for Egypt, the Russian participation won't be limited to construction of the NPP. Rosatom will and serve power units, the board member of the Russian Union of Industrialists and Entrepreneurs Andrey Cherkasenko:andrey Cherkasenko the board member of the Russian Union of Industrialists and Entrepreneurs "Notices there is a cycle of operation of 50-60 years, the Russian companies will deliver fuel, to make some repair and in the future, it is rather всег

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