Russia to build new nuclear power plant

KALININGRAD, Russia, April 16 (UPI) -- Russia is looking for foreign investors for a nuclear power plant it intends to build in Kaliningrad, a top nuclear official said Wednesday.

"We are ready to offer foreign partners, primarily European ones, up to 49 percent in the Kaliningrad nuclear power plant," said Sergei Kiriyenko, head of the nuclear power agency Rosatom told RIA Novosti.

Kiriyenko said foreign companies will have the opportunity to supply equipment for the plant in the Baltic Sea port city. He said the new generator would be an updated version of the Belene facility now under construction in Bulgaria.

Atomstroyexport, which is building the Bulgarian plant, will be the main contractor of the latest project, with other partners to be chosen soon, he said.

"Whoever offers the best price will be chosen to supply equipment," Kiriyenko said.