Rosatom: up to 50% of state company’s revenue will be derived from abroad in the coming years

Press release

Published February 21st, 2016 - 05:48 GMT

ROSATOM

In his speech at an industrial conference at the Moscow-based All-Russia Research Institute of Automatics (VNIIA), First Deputy CEO of Rosatom Kirill Komarov said that up to 50% of company’s revenue may be derived from overseas projects by 2017. He noted that in 2015, revenue growth rate aoverseas had reached aca.20%.

Mr. Komarov also announced Russian nuclear industry’s goal to increase revenues from new business and production by 30% over the coming few years. According to the last year’s results, the revenues from Rosatom new products constitute about 14% of the company’s total revenues.

Background Information

ROSATOM

The State Atomic Energy Corporation ROSATOM is one of the global technological leaders. The company has assets and competencies to work at all stages of the nuclear production chain from uranium mining to decommissioning of nuclear facilities and spent nuclear fuel management.ROSATOM brings together about 400 enterprises and organizations, including the world's only nuclear icebreaker fleet. It is the largest electricity generating company in Russia, accounting for 18.7% of the country’s total generation of electricity. ROSATOM is the third in the world in nuclear power generation.The corporation is the global leader in simultaneous implementation of NPP power units and has the largest portfolio of foreign construction projects (36 NPP units in 12 countries). ROSATOM manufactures equipment and produces isotopes for nuclear medicine, carries out research and material studies. It also assembles supercomputers and designs software as well as different nuclear and non-nuclear innovative products. The company has business ventures covering various clean energy projects, including wind energy. ROSATOM has second largest uranium reserves and 17% of the global nuclear fuel market.