Russia to invest $2.5bn in country’s nuclear power sector

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The Russian government is increasing investments in nuclear corporation Rosatom from 58.2 billion rubles ($1.8 billion) to 80.5 billion rubles ($2.5 billion) for 2014.

According to The Moscow Times, more than 22.4 billion rubles ($679.8 million) will go toward construction of the Akkuyu nuclear power plant in Turkey.

The government will reportedly spend 975 million rubles ($30 million) to acquire a direct stake in Technopark Technology, a public corporation that works to develop Russia’s nuclear industry by extending the use of nuclear technology to industries such as telecommunications, energy conservation and laser technologies, the article said.

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