Under the document, Rosatom and the world's newest aluminum and alumina production champion will draw up a project proposal to build a nuclear power plant and an aluminum enterprise in the Far East, the press office said.
Commenting on the document, Rosatom head Sergei Kiriyenko said Russia had adopted an ambitious program for its nuclear energy development that included modernization of existing and construction of new nuclear power plants.
"The form of partnership, which we have developed for the implementation of such large-scale projects, will enable us to solve tasks with the greatest efficiency and within optimal time limits," Kiriyenko said.
A task team established by Rosatom and RusAl in August 2006 intends to draft by the end of 2007 a feasibility study of the Far Eastern project to define the parameters of the NPP and the aluminum plant. After the feasibility study has been approved, the parties will determine a detailed schedule for its implementation, the Rosatom press office said.
The United Company Russian Aluminum (RusAl) was formed in March 2007 following the merger of Russia's aluminum giants RusAl and SUAL and the alumina assets of Swiss-based Glencore.
The united company employs 100,000 people in 17 countries on five continents. It exports products to 70 countries and accounts for about 12.5% of global aluminum and 16% of global alumina production.
