OREANDA-NEWS. On October 16, 2007 the Russian pool was represented by the chairwoman of the its Supervisory Board, the director general of MAKS insurance company N.Martyanova and the chairman of its executive committee  V.Malkov, the Chinese pool – by its chairman Liu Jingsheng and general manager Fang Chunyin, reported the press-centre of Rosatom. 

The meeting took place at the Central Office of MAKS. The sides exchanged information about their activities. They pointed out that in the last years they have got to know each other much better. The large-scale nuclear energy development programs in Russia and China have become a strong stimulus for their cooperation. By 2030 China plans to build 30 nuclear power units, while Russia intends to launch 40GW of new capacities by the same year.

The sides discussed a draft cooperation agreement. The agreement is to be signed by the end of this year and is based on the parity principle. “It is planned that in 2008 the parties will exchange risks that involve maximum coverage of $10 million for each pool,” reports the Russian pool.

As a result of the meeting the pools signed a protocol, in which they pledged to carry out harmonization procedures before signing the agreement.

It was the third meeting between top managers of the two pools. We would like to note that 2007 is the year of China in Russia.  

The Chinese pool has bilateral relations with 21 foreign nuclear insurance pools. It is the second foreign counterpart that the Russian pool is going to established cooperation with.

The Russian pool has been cooperating with the Ukrainian nuclear insurance pool for several years.