There is no analogue to the plant, which is being built at the Baltiysky Zavod, in the world. If all goes well, we will have an excellent chance of entering the international market, Matviyenko said.

The demand for offshore nuclear power plants is expected to be high in regions experiencing power shortages and requiring stable energy supplies.

Several countries, including developing economies have already exposed an interest in the project on condition that Russia develops a sample model first.

JSC Baltiysky Zavod is estimated to complete the offshore nuclear power plant in the fourth quarter of 2012.