Sergei Obozov said the project will cost $330 million.
Russia may in the future set up as many as six power stations at sea, with plans already in the works for the regions of Chukotka, Kamchatka, Krasnoyarsk, and Sakha (formerly known as Yakutia).
Sergei Kiriyenko and his wife, Maria, at a rock concert in 2004 (TASS)
A RISING STAR: In August 1998, Russia spiraled into financial meltdown. The subsequent ruble devaluation was a severe blow to the country's financial system and millions of people lost their savings. At the helm was Prime Minister SERGEI KIRIYENKO, who, along with his government, was subsequently forced to resign by then President Boris Yeltsin. Since that career low, Kiriyenko's fortunes have changed. Currently in charge of Rosatom, Russia's Federal Atomic Energy Agency, he is thought by many to be a politician on the rise.... (more)