Russia sets up nuclear export development company

19 August 2011

Rusatom Overseas has been registered in the Russian Federation. The company’s authorized capital amounts to 1 billion rubles.

Alexey Kalinin, the Director of the International Business Department at ROSATOM, has been appointed its acting president of the company, set up by Atomenergoprom.

According to Kalinin, “a key area of activity of the company will be development of ROSATOM business related to implementation of nuclear construction projects abroad under BOO terms (build-own-operate). In this capacity the Rusatom Overseas will work to build up the outstanding portfolio, act as the customer and investment project manager, and manage project companies.”

One of the first project ROSATOM is implementing using the BOO terms is the Akkuyu NPP construction project in Turkey.

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