Rosatom plans more new products and import substitution

12 April 2016

Russian state nuclear corporation Rosatom plans to increase the share of its revenue from new products and new business to 30% by 2030, according to Rosatom deputy general director Kirill Komarov. That share would be more than double the proportion such products and business accounted for in 2015. Komarov told the "NDExpo-2016 - high technology for sustainable development" conference in Moscow on 5 April that Rosatom was already a manufacturer of high-tech products and intended "making use of the increasing potential" for involvement in the oil, gas, chemistry,shipbuilding, geology, medicine, transport, aviation, aerospace and other industries.

On the sidelines of the conference, Sergey Vlasov, director of the department of scientific and industrial base for the nuclear weapons complex at Rosatom told reporters that Rosatom hoped to provide 80% of the company's equipment from Russia. In developing its new business, Rosatom is ready for projects on import substitution to help ensure that 70-80% of domestic equipment comes from enterprises and companies of the fuel and energy complex of Russia. Rosatom is working towards this with Gazprom, Rosneft, and Rosgeologiya, Vlasov said.

"Since the spectrum of the equipment is very wide, if we talk about the field of geological exploration we are looking for import substitution of 70-80% over the next five years, and from the point of view of software modelling processes for gas production and oil our plans 80- 90% in three to five years "

However, Rosatom's strategy of import substitution does not mean rejecting all foreign-made products, Komarov told the conference. Rosatom will continue structuring the cooperation with foreign partners, he said. "The point is to produce here what is strategically important both for the defence capabilities and for the economic security of the country," Komarov said. Rosatom "will continue structuring cooperation with foreign partners" in those areas where "exchange of experience, production and management technologies is possible and expedient". A case in point is the Russian-French joint venture Alstom-Atomenergomash which makes slow-speed turbines, Komarov said. "We actively cooperate with Schneider Electric; we do the project jointly with the Urals Electrochemical Plant, and with Siemens we have started developments at Electrokhimpribor".

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