YAKUTSK, March 11 (RIA Novosti) - Four floating nuclear power plants will be installed in the northeastern Siberian republic of Yakutia under an agreement between the Federal Nuclear Power Agency and the local administration, local authorities said on Wednesday.

"The implementation of this project will make it possible to considerably reduce outlays on the delivery of fuel for the existing energy supply system, and raise the quality and reliability of energy provision, taking into account industrial development in northern Yakutia," the republic's presidential administration said.

The floating nuclear plants to be installed in four districts of Yakutia are intended to be put into service in 2013-2015, the administration said.

Investment in the project at the current stage is estimated at over 30 billion rubles ($838 million). Options are also being considered to involve private investors, the administration said.