Rosatom Revenue Grew by 10.2% in 2017

According to Rosatom’s annual report, its revenues increased up to 967.4 billion RUB (approximately 14,4 billion USD ) in 2017.

As per International Financial Reporting Standards (IFRS), in 2017 revenues increased by 10.2%. International revenues reached 6.1 billion USD (up by 9.4% compared to2016), the report states.

 

Global Expansion

In 2017 Rosatom signed 11 intergovernmental agreements and reached 16 large-scale inter-agency arrangements. The volume of the state corporation’s overseas contracts for the next 10 years is estimated at 133.5 billion USD. The key events in 2017 expansion were the signing of the general framework agreement between Russia and India for the construction of Kudankulam Units 5 and 6 and entry into force of the contract package for the construction of the four-unit El Dabaa NPP in Egypt.

During the reported period, the implementation of contracts for construction of NPPs abroad continued. Unit 3 of Tianwan NPP (China) was commissioned; “first concrete” was poured at Units 3, 4 of Kudankulam NPP (India) and at Unit 1 of Rooppur NPP (Bangladesh). The construction works at Bushehr NPP II  (Iran) also started. A ceremony dedicated to the start of full-scale construction works at Akkuyu NPP took place in Turkey.

 

Domestic generation

Nuclear generated 18.9% of Russia’s total electricity. Construction and commissioning of new capacities continued in 2017. Unit 1 of Leningrad-I NPP II and Unit 4 of Rostov NPP have been put in operation. Unit 1 of Novovoronezh-II NPP has been put in commercial operation. With that, as in previous years, all nuclear facilities operated safely and reliably. There were no reported departures from Level 2 and higher as per the International Nuclear Event Scale (INES) (departures from Levels 1 and 0 do not pose any danger to the personnel, general public and environment).

 

Domestic new businesses

The portfolio of Rosatom’s wind power facilities to be commissioned in Russia by 2020 has grown to 970 MW (43% of the projected volume of the national wind power market). The state corporation is going to build wind farms in a number of regions in the Russian South.

In 2017, Rosatom started to provide nuclear medicine services in cooperation with regional medical institutions of Chelyabinsk region (South of the Ural Mountains). The development of a domestic X-ray therapy complex based on a linear electron accelerator has started with the joint financing of the Ministry of Education and Science of Russia.

In the reported period Rosatom was designated as one of the Competence Centers under the governmental program “Digital Economy of the Russian Federation”. The digital transformation of the nuclear sector started; promising projects associated with supercomputers, additive technologies, lifecycle management of complex engineering facilities are being implemented.

 

Looking forward

“The achieved results demonstrate our contribution to improvement of people’s life and creation of new opportunities while preserving nature and environment. We supply the world with clean, safe and affordable energy and innovations based on nuclear technologies. Speaking about the priorities for 2018, I would like to highlight the importance of the multilateral cooperation and partnerships. We are open to constructive cooperation at both national and global levels with governments, businesses, international organizations, the general public and other stakeholders. I am sure that we can achieve major results for the planet’s sustainable development only together, merging and multiplying competences of each other,” said Rosatom Director General Alexey Likhachev.

 

For reference:

Rosatom’s Annual Report was prepared according to requirements of key international standards: International <IR> Framework, Global Reporting Initiative (GRI SRS), AccountAbility Series Standards as well as with the close interaction of stakeholders. In particular, two public hearings were held on the priority topics and the draft report.

Rosatom (the full name: State Atomic Energy Corporation “Rosatom”) is a Russian state-owned corporation and one of the leaders of the global nuclear technology market. It incorporates assets in nuclear power, design and construction of NPPs and power machine engineering. Rosatom is the largest generating company in Russia. It holds the world’s 1st place in the size of foreign orders portfolio (35 power units at different stages of implementation in 11 countries); 2nd place in the world in uranium resources; and the 3rd place in their extraction volume. The state-owned corporation holds 36% of the world uranium enrichment services and 17% of nuclear fuel market. Rosatom incorporates over 300 enterprises and organizations, including the world’s only nuclear icebreaker fleet.