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Russia’s Rosenergoatom Sets Out Ambitious Plans For Nuclear Expansion

By David Dalton
27 May 2016

Russia’s Rosenergoatom Sets Out Ambitious Plans For Nuclear Expansion
Phase two of the Novovoronezh nuclear station under construction in Russia.

27 May (NucNet): Russian nuclear power operator Rosenergoatom is aiming to increase the country’s nuclear share of electricity from 18.6 percent in 2015 to 21 percent in 2030, state nuclear corporation Rosatom said. Rosenergoatom, a Rosatom subsidiary, plans to increase production by 73 percent by 2030 compared to 2015, producing more than 338bn kilowatt-hours (kWh) of electricity a year, Rosatom said. In 2015, Rosenergoatom’s revenues were 263.7bn rubles ($4bn, €3.6bn) and production was 195.2bn kWh. Rosatom said Rosenergoatom’s revenues could triple by 2030, exceeding 790bn rubles ($12bn, €11bn), with revenues from new business expected to increase by 10 times, including a 42-fold increase in services for nuclear power plants abroad. Russia, which according to the International Atomic Energy Agency has 35 nuclear units in commercial operation and eight under construction, plans to put 19 new reactors into commercial operation by 2030 with together lifetime extensions scheduled for 11 units, Rosatom said.

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