Baltic NPP project will be realized

It is obvious that the Baltic NPP project will be realized. This fact has been confirmed by head of Rosatom Sergey Kiriyenko and all the economical analyses conducted so far, Dmitry Baranov, senior expert at Finam Management IC, told media, BelTA informs.

“Political factors can really cause some changes in this project. But its advantages are still there: the plant will produce cheap and environmentally friendly energy. And this is just one of the advantages. The isolation of Kaliningrad’s energy system may well be a passing decision and some day the Baltic states may review it and start cooperating with the region. Politics is a strong factor, but I see no sense in rejecting a project that offers quite beneficial terms: you can become a shareholder of this project and get dividends from it, you can supply equipment and services, you can just buy cheap and environmentally friendly energy. This flexibility makes Baltic NPP quite attractive for investors”, expert underlined.

“Even Russia is forced to realize this project alone, it will still be expedient. Kaliningrad region is actively developing its industry. Being a free economic zone, it keeps attracting investors. This means growing energy consumption. So, no wonder that Russia is planning to build up to 1,000MW of power generating capacities there. Baltic NPP will certainly be able to meet some of the region’s growing needs. As regards the discussed projects to build gas and coal plants, I doubt that they will be good for the local environment”, he noted.

“The Baltic NPP project will create lots of jobs during and long after the construction, which is really crucial for a region where there are lots of young people with higher education. Currently the key problem of Kaliningrad is that many of its graduates find no jobs at home and are forced to go to other places. The Baltic NPP project will help to keep them in the region”, Dmitry Baranov stated.