ENERGY LEADERSHIP OF RUSSIA

Russia is not only the largest exporter of oil products (2 place in the world for crude oil - $ 93 billion, 2 place for oil products - $ 70 billion), gas (1 place - $ 197 billion) and coal (3 place in the world - $ 13 billion ), but is also the world's largest supplier of nuclear technology - reactors / fuel / services.

Russia ranks first in the world in the number of contracts for the construction of new nuclear power plants. More precisely, 67% of all new contracts in the world. Rosatom plans to bring foreign sales to 2030 / 2 from all of its contracts (now 3%) before 50.

The state corporation focuses on China, Asia, the Middle East and African countries, where the demand for electricity increases in proportion to population growth.

Currently, Rosatom has a portfolio of orders for the construction of 35 new reactors in the amount of $ 133 billion (as of 2016 year).

Russia's strength in the nuclear industry is based on comprehensive state support, as well as the ability to take on all the stages of a nuclear power project. The Russian government considers nuclear reactors as a competitive, high-tech industry that will help revive the domestic industry. President Putin himself is participating in the promotion of Russian nuclear technology at meetings with notorious leaders.

Russian reactors are competitive in price, as the state provides support for financing projects. Russia not only builds nuclear power plants, but also supplies fuel, manages the reactor and carries out repairs, and also disposes of spent fuel. This makes Russia an attractive partner for those countries that want to develop nuclear energy, but do not have the proper know-how in the industry.

While Japan and Western countries refrain from international supplies of nuclear power plants due to high risks, some analysts predict that the Russian Federation and China will dominate the market in the coming decades.

Consider the export of Russian reactors in detail:

So, the export of Russian reactors is supported by substantial financial support from the state, including joint participation in financing the project and ownership readiness on the principle of “build, possess, manage (build, own, operate), as in Turkey, for example.

At the end of 2016, the total amount of orders reached $ 133 billion.
Revenues from exports in 2015 amounted to $ 6.4 billion, which is 20% higher than in 2014. By 2030, the corporation plans to receive 60% of its export earnings. In 2016, Rosatom calculated that for every ruble invested in the construction of reactors abroad, Russian GDP earns 2 ruble profits. (In the meantime, Russian schizopriots will continue the hysteria in the style of “Russia gives multinational nuclear power plants. Dear readers, believe the network hysterics, do not believe the financiers of Rosatom! (Actually, believe).

Starting from the 2020 year, Rosatom predicts the construction of approximately 16 new nuclear facilities in the world per year, 4-5 of which will be potentially built by the state corporation. The company sees its advantage in “integrated nuclear power plants”. The client is offered not only construction and fuel, but also personnel training, reactor maintenance, infrastructure development, legal and regulatory services - all in one package. Due to this integrated structure, the cost of generating one megawatt-hour of energy at a VVER-type reactor is no more than $ 50-60 dollars in most countries.

In 2016, Rosatom concluded a cooperation agreement with Vnesheconombank to support Rosatom's investments abroad. The agreement reflects VEB's “new strategic priorities”. This agreement will contribute to Russian expansion in the global nuclear energy market.

In general, for financing the export of Russian reactors there are different approaches for different partners. China and Iran pay directly, India enjoys substantial Russian participation in financing. Belarus, Bangladesh and Hungary receive construction loans from the Russian Federation; in Turkey, Akkuyu NPP will build, own and operate Rosatom. In return, Turkey is guaranteed a long-term stable price for electricity.

In December, Rosatom had 2015 supply orders for reactors in 34 countries. The approximate cost of each contract is $ 13 billion, negotiations are underway to build new reactors. In September 5, the total amount of export orders was $ 17 billion.

Below are the tables for all Rosatom contracts: 8 NPPs are up and running. 7 NPP is under construction. Contracts and partial payments made - 12. Orders are 11. Proposals and negotiations - to 30 NPP.

All export projects are focused on 1000-1200 megawatt VVER-type reactors. Both types of reactors are time tested and very reliable. In all cases, the contract is supported by reliable and profitable financing for partners.

Also, Russian floating reactors have significant export potential. Potential market - Indonesia. In August, Rosatom signed an agreement on cooperation in the construction of a floating reactor with the Indonesian BATAN 15.

Sources:

http://www.proatom.ru/modules.php?name=News&file=article&sid=7390

https://asia.nikkei.com/Business/Energy/Russia-on-an-international-offensive-to-sell-its-nuclear-plants

http://www.world-nuclear.org/information-library/country-profiles/countries-o-s/russia-nuclear-power.aspx

Anton Bennen

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