Russia's state-owned United Shipbuilding Corporation (USC) and the Russian Federal Atomic Energy Agency (Rosatom) are set to finish the first floating nuclear power plant (FNPP) within the next three years.

The new project will be named the 'Academician Lomonosov'. After the completion of the project, Rosatom announced plans to start production of a series of FNPPs.

"Despite the difficulties faced by the project at the start, we are not giving up any further construction of floating nuclear power plants. The demand for them is very large, both inside the country and abroad" said Evgeny Romanov, head of Rosatom.

Vladislav Vorotnikov