OPK and Concern Energoatom Plc have signed a contract that will put into motion the first floating nuclear power plant (FNPP) with completion expected in Q2 2012 in Kamchatka in the port of Viluchinsk.
The FNPP is expected to perform well especially as the global energy demand continues to trend upward. It is economic as the cost per kilowatt hour rivals that of a hydropower station and is feasible for both industrial and developing countries.
Russia is the first country to build a floating nuclear power plant. Similar projects have existed in other countries, but their realization never materialzed. A designer at the Iceberg Design Bureau evoked the idea of the utilization of FNPPs.