Growing nuclear industry becomes a global power

Growing nuclear industry becomes a global power

Critics expected the sector to stagnate after Fukushima but Russia plans to build plants with the latest safety features all over the world.

Rosatom, the Russian state nuclear corporation, has concluded a record number of transactions this year for the construction of nuclear power plants. Rosatom will build the first nuclear power plants in Bangladesh and Jordan, expand its presence in China and India with the help of new power units, and build the Hanhikivi-1 nuclear power plant (NPP) in north-west Finland. The company is also negotiating an agreement on co-operation with South Africa.

Russian nuclear power plants may be built in UK
Rosatom also started new construction work in 2013: the Akkuyu NPP in Turkey, a nuclear power plant in Belarus and a plant for the production of nuclear fuel in Ukraine. The Russian company offers its customers new reactors that are innovative in terms of security. For example, passive safety systems in the VVER-1200 reactor used in the NPP-2006 plant can guarantee that the so-called Fukushima scenario in Japan will never happen again.

Rosatom has 19 orders for the installation of similar reactors abroad and is building eight such reactors in Russia.

Package solutions

“In my opinion, the most important quality of Russian companies is the package proposal they come with to a potential customer,” said the independent nuclear expert Alexander Uvarov. This can be demonstrated by the example of South Africa, where a conference of nuclear suppliers, Atomex-Africa, was held last month. According to Mr Uvarov, the Russians have not only invited South African companies into the supply chain for new nuclear projects, but also offered the new partner a huge range of options for development of the entire spectrum of the nuclear fuel cycle.

These range from the establishment of research and education centres and the development of medical isotopes to a reactor and an enterprise for nuclear fuel production. In addition, Russian companies can provide up to 85% financing for nuclear power plant projects through export credits.

British energy

Rosatom’s achievements in 2013 suggest that its confidence for continued success in the future is not misplaced. It is too early to talk about specific technologies, but it is highly likely that Russian nuclear power plants generating electricity will appear in Britain in the coming years.

Read more here

Source: Russia: Beyond the Headlines


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