Russia targets nuclear export growth

29 September 2015

Russian state nuclear corporation Rosatom plans in the next five years to sign documents for the construction of 30-40 nuclear power plants abroad, according to deputy director Kirill Komarov. He told the Russian Nuclear Society that, at the end of 2014, Rosatom's ten-year portfolio of foreign orders totalled $101.4bn and in in 2015 this could increase to $108.3bn. By 2020, Rosatom has targeted a ten-year portfolio of overseas orders of $150bn.

Rosatom's draft public annual report says revenue from foreign operations in 2015 is expected to increase from $5.2bn to $6bn, which is related to exchange rate differences as well as to increased electricity production and an increase in electricity rates. The 2014 revenue was up 5% on 2013 indicator. Of the total, NPP construction abroad of accounted for $948m (up $240m as on 2013), "uranium products" for $2.227bn (up $158m), and fuel assemblies and other businesses for $2.027bn (down by $169m).

Rosatom Director General Sergey Kiriyenko, earlier this month, told Russian Prime Minister Dmitriy Medvedev that the corporation had not lost any of open tenders. "We have lost no open tenders over recent years. We won all open tenders wherever they had been announced. Currently the portfolio contains 30 orders for the construction of power units at nuclear plants in 12 countries. Orders for 10 more power units are currently under negotiation, he added.

Meanwhile, nuclear utility Rosenergoatom's says its proceeds from foreign business in 2015 will exceed RUB35bn ($515m). Deputy director general and director for business development Boris Arseev said the portfolio of foreign orders was RUB8.6bn in 2013 and in 2014 it increased by 3.5 times to RUB34bn. "This year there will not be such a big growth, but we will exceed RUB35bn for sure," he noted, saying this would be achieved through new contracts and a more active position in the market.

The foreign order portfolio currently includes contracts for service life extension (Bulgaria's Kozloduy NPP and the Armenian NPP), for technical support in operation and repair at Iran's Bushehr NPP, for services in design of APCS, and for training personnel for units 3 and 4 of the Tianwan NPP in China. Contracts for training personnel for the Hanhikivi (Finland) and Akkuyu (Turkey) NPPs are ready to be signed and contracts to support development of the national nuclear infrastructure are under discussion with Jordan and Bangladesh.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.