The order portfolio of Russia’s Rusatom Service, part of state nuclear corporation Rosatom, grew 2.5-fold in 2017 to $1.045bn from $422m in 2016, according to the company's annual report, published on 6 June. Net profit increased fourfold in 2017, to RUB1.5bn ($24m) and revenue increased 15% to RUB5.3bn.
The portfolio includes service contracts for maintenance and support of the operation of Egypt’s El-Dabaa NPP and Turkey’s Akkuyu NPP; a four-year contract with the Iranian Atomic Energy Production and Development Company (NPPD) for repairs and training of repair personnel; two contracts with NPPD for the supply of equipment for Busheh 1 in 2018-2021; and a contract with the government Zambia on the assessment and development of nuclear infrastructure.
The report notes that in 2018, Rusatom Service plans to finalise the agreements and sign service contracts with the Bangladesh Atomic Energy Commission for technical support for the operation and maintenance of the Ruppur NPP and India's technical support for the first stage of the Kudankulam NPP. Also in 2018, it is planned to coordinate the road map with China General Nuclear Power Corporation "for a non-VVER design service in China" for a period of one year; and to open a branch in Hungary.
In 2017, within the framework of the response to a request for proposals from Saudi Arabia, information was prepared on the services that Rusatom Service is ready to implement for the project to build a nuclear power plant in Saudi Arabia. "In 2018, it is planned to hold a series of meetings with the customer to discuss this proposal, as well as to carry out the preparation of additional tender materials if the Russian side passes to the contest stage B," the report says.
Rusatom Service was set up by Rosatom in 2011 to service foreign nuclear power plants of Russian design. Its activities include maintenance, repair and modernisation of NPPs, and also technical consulting, training and retraining of personnel. The main shareholder is nuclear utility Rosenergoatom Concern (96.7%), Atomenergomash (1.09%), JSC OKB Gidropress and JSC Atomtekhenergo.
