Deals Counterparts

Rosatom's Atomenergomash subsidiary installs second tier of inner containment building for Leningrad Nuclear Power Plant Unit 7

Development Nuclear announced Russia Mar 9, 2026
USD2200M
Deal Value
1200 MWe
Capacity

Atomenergomash completed installation of the 170-ton second inner containment tier for Leningrad NPP Unit 7's 1200 MW VVER-1200.

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Deal Analysis

The listing of ATOME PLC, a London-based green hydrogen and ammonia producer, as the EPC for Rosatom's Leningrad Nuclear Power Plant Unit 7 presents a notable counterparty anomaly given its stated business focus. This $2.2 billion VVER-1200 reactor project, with fuel loading anticipated by late 2028, is a key component of Russia's strategic goal to achieve 30 GW nuclear capacity by 2035. Rosatom's Atomenergomash subsidiary's recent installation of the second inner containment tier advances this 1,200 MWe baseload power asset for the Leningrad region. The unusual pairing of a green hydrogen company with a nuclear EPC role warrants closer examination of the deal's structure or ATOME PLC's specific contribution.
  • ATOME PLC, a green hydrogen and ammonia company, is listed as the EPC for a nuclear power plant.
  • The project's valuation exceeds 200 billion rubles ($2.2 billion) for a single 1,200 MWe unit.
  • Russia aims for 30 GW nuclear capacity by 2035, with Unit 7 contributing 1,200 MWe.
  • Unit 7 is projected to achieve fuel loading in late 2028 and grid connection by 2029.

Timeline

Announced
Mar 9, 2026
Signed
Closed

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