Russia Targets Nuclear to Provide 25% of Electricity by 2020

We've been writing plenty about Russia and its natural gas supplies over the past few weeks. Even though that nation has the largest proven reserves of natural gas (1,700 tcf or 27 percent of global reserves), it hasn't stopped officials from thinking about building new nuclear capacity. From RIA Novosti:

A member of Russia's financial watchdog said Friday that the development of nuclear power was the country's best energy option.

This statement echoes the national energy strategy until 2020 that ranks nuclear power as one of the main guarantors of the country's energy security.

"Our objective is to ensure that within 10 to 15 years nuclear power plants account for at least 25% of overall electricity generated in the country," Mikhail Beskhmelnitsin, an Audit Chamber expert, said. "We have to build 40 to 50 energy units during that period."

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