Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Enel Considers Nuclear Deal

ST. PETERSBURG — Italy's Enel is examining whether to partner Russia on nuclear projects after being forced out of its home market by a nuclear ban, chief executive Fulvio Conti said.

"We have a special relationship with Russia, so we will see what comes out of this," he said Friday in St. Petersburg. An official at Rosatom said last month that Enel was a potential partner on a new plant planned for Kaliningrad. "We will hold our decision [on the plant] until we know more about costs, specific technologies and while increased health, safety and stress tests are conducted," he added.

Italians voted overwhelmingly in favor of a nuclear ban in a referendum last week. Conti said he was comfortable with Enel's position in Russia, where it owns the electricity producer OGK-5.

(Reuters)