nuclear power development in europe: rosatom perspective · the content of this presentation is for...

ROSATOM

Platts 7th Annual European Nuclear Conference

June 25-26, 2012

London

Nuclear Power Development in Europe: Rosatom

perspective

Alexey Kalinin

Head, International Business, Rosatom

CEO, Rusatom Overseas

www.rosatom.ru

Despite the tragic Fukushima accident nuclear energy is expected to grow further

2030

598

652

2020

484

515

2010

374 374

2030

137

150

2020

118 120

2010

113 113

USA and Canada

6

4

6

4

2030

13 12

2020 2010

Latin America

22 22

2030

9,6 9,6

2020 2010

South Africa

2030

94

114

2020

106

114

2010

123 123

Western

Europe

2030

36 38

2020

33 32

2010

25 25

Central

Europe

2030

47 47

2020

34 34

2010

23 23

Russia

Installed capacity GWt, reference scenario

0 0

2030

16

18

2020

11

13

2010

Middle East and

North Africa

2030

51

66

2020

45

62

2010

47 47

4 4

2030

25 26

2020

17 19

2010

India

2030

15 17

2020

10 10

2010

5 5

South-East

Asia

2030

38 38

2020

30 30

2010

19 19

Korea

9 9

2030

120 120

2020

74 74

2010

China

World

Japan

Source: Rosatom 2

-6%

-8%

Rosatom’s scenario after Fukushima

Rosatom’s scenario before Fukushima

The content of this presentation is for discussion purposes only, shall not be considered as an offer and doesn’t lead to any obligations to Rosatom and its affiliated

companies. Rosatom disclaims all responsibility for any and all mistakes, quality and completeness of the information.

http://www.rosatom.ru/

www.rosatom.ru 3 The content of this presentation is for discussion purposes only, shall not be considered as an offer and doesn’t lead to any obligations to Rosatom and its affiliated


Stress-tests worldwide, mainly positive

All Russian designed reactors, including 37 VVER units operating outside Russia, successfully went

through stress-tests

Among those - 18 VVER units in EU

Rosatom active support and confidence in the results

No dramatic consequences for existing fleet

Russia

China Iran

Ukraine

Bulgaria

Czech

Republic

Slovakia

Hungary

Country Operating

Armenia 1

China 2

Iran 1

Russia 17

Ukraine 15

Bulgaria 2

Czech Republic 6

Finland 2

Hungary 4

Slovakia 4

TOTAL 54

VVER Global Fleet

Armenia

Finland

- VVER units

- VVER units in EU

Existing capacities


www.rosatom.ru

Ongoing NPP construction projects

More than 60 units construction still.

4 units under construction in EU (2 VVER).

10 units (all VVER) in neighboring countries are successfully on implementation track.

4

No significant impact on ongoing NPP construction projects implementation



Mohovce 3-4 NPP (VVER-440)

Olkiluoto 3 NPP (EPR)

Flamanville 3 NPP (EPR)

Khmelnitsk 3-4 NPP (VVER-1000)

Belorussian 1-2 NPP (VVER-1200)

Akkuyu 1-4 NPP (VVER-1200)

Baltic 1-2 NPP (VVER-1200)


www.rosatom.ru 5

Country Plans for new build

Czech Republic 2 units of Temelin NPP. Bid process is underway.

+ 1 unit of Dukovany NPP

Finland Bid process for 2 units is underway

+1 unit under consideration

Hungary 2 units of Paks NPP. Tender to be announced in

2012

United Kingdom 15-20 GW

France 1 unit of Penly NPP.

Poland 6GW. First tender to be announced in 2012

Lithuania 1 unit of Visaginas NPP

Sweden New units construction replacing the old ones

Slovakia 1-2 units of Bohunice NPP

Bulgaria 1 unit of Kozloduy NPP

Romania 2 units of Cernavoda NPP

Slovenia 1 unit Krsko NPP under consideration

Netherlands 1-2 units under consideration



Countries previously committed to nuclear new build remain optimistic on its

development. More than 50 GW new NPPs envisaged

Planned new build projects

- Planning new build

- Open tender

Russia

Finland

United

Kingdom

Lithuania

Poland Germany

Italy

Switzerland

Bulgaria

Romania

Czech R.

Slovenia

Slovakia

Hungary

Sweden

France

Netherlands

- Ban on new build


www.rosatom.ru

Financial crisis hits nuclear new build

6



UK

March 2012: RWE and E.On to sell its stakes in Horizon

CdF mechanism unclearness (EU regulation?)

2

Czech Republic

May 2012: CEZ intends to bring strategic investor to Temelin 3-4 NPP completion

project

3

France

May 2012: AREVA and EdF salaries cut

4

May 2012: Market info that rating agencies intend to downgrade any company

confirming commitment to NPP new build investments

5

June 2012: Moody’s downgraded major global banks

6

Hungary

November 2011: Moody’s downgraded Hungary (national debt raised up to 80% of

GDP)

1


www.rosatom.ru

Financial crisis is a fundamental challenge

7 The content of this presentation is for discussion purposes only, shall not be considered as an offer and doesn’t lead to any obligations to Rosatom and its affiliated


And the industry should make itself ready to meet it

Implications for all:


www.rosatom.ru

Fully Integrated Nuclear Technology Company



Uranium

production

Uranium

enrichment

Fuel

fabrication

NPP Design,

Engineering

and Construction

Electricity

generation Power equipment

manufacturing

Services and

modernization

8

Anniversary of

Russian Nuclear

Industry

2010


www.rosatom.ru

Rosatom Global Operations

Europe

Finland, Sweden, the Netherlands,

Belgium, Germany, France, Spain, GB,

Switzerland, Czech Republic, Slovakia,

Hungary, Lithuania, Bulgaria, Slovenia

North America

USA, Canada,

Mexico

Latin America

Venezuela, Argentina,

Brazil

CIS

Russia, Ukraine, Kazakhstan,

Belorussia, Armenia

Asia

China, Japan,

South Korea,

Vietnam, India,

Bangladesh,

Mongolia

MENA

Turkey, Libya,

Morocco, Algeria,

Egypt, Iran, Jordan

Australia

5 continents. More than 40 countries.

9

in uranium enrichment

in new NPPs construction

nuclear fleet globally, 25,2 GWe

installed capacity

in uranium deposits



leader in key segments

Africa

Namibia, South

Africa, Tanzania


www.rosatom.ru

Key figures - 2011

275 000 people Number of employees

Net income

Revenue

30 nuclear units Simultaneous implementation




www.rosatom.ru

Rosatom is the responsible vendor ready to meet the challenges of the evolving market



Rosatom

Integrated Solution

Energy Solution

Knowledge, skills,

human capital

Industrial

Solution

Financial

Solution

Regulation,

Infrastructure and

Public acceptance

Personnel education & training (incl.

traineeship on NPP sites),

R&D base development,

NPP operation experience exchange

BOO projects implementation;

State credits,

Partnership projects

NPP equipment manufacturing,

service & works localization,

Technology transfer,

Certification of local suppliers,

participation in Rosatom third

countries projects

Creation and development of

regulatory base

NFC facilities construction,

SNF & RW management,

Social-political programmes support

Modern NPP design (Gen III+)

NPP construction and life cycle management support

(fuel, services, modernization)

Operation & maintenance

- basic principle


www.rosatom.ru

Customized

solutions

for clients

individual

needs

Rosatom financial solution

12

Interstate

Financing

Strategic

Investors Equity financing

Low-risk equity financing after NPP launch

Dividend oriented portfolio investors

Russian

State

Banks

Project financing of up to 85% of Russian supply

State guarantees

Interest rate subsidies

Export

Credit

Agencies

Large debt financing related to the delivery amount

Guarantees for commercial credits for equipment supply

Institutional

Investors

Significant project share credit upon availability of state guarantees or suppliers guarantee

Equity financing

Loan guarantees

Competences in NPP construction and operation

Market

Financing 10-15% of the project debt

financing

Financial credit instruments, securities

Project surety bonds, risk sharing mechanisms




www.rosatom.ru 13

• Project value – $ 20 bn.

• Implementation period – 2011-2021

• Legal basis – Intergovernmental Agreement of May 12, 2010

• Reactor design – NPP-2006 (VVER-1200)

• Total capacity – 4 800 MW (4 units)

• PPA period –15 years, fixed price terms

Project highlights

• First NPP project in Turkey

• Sound Russian and Turkish State encouragement

• Strong support to Turkey with regulatory system

establishment and personnel training

• The project is implemented in close cooperation

with Turkish partners, involvement of Turkish

suppliers mainly in civil construction

• International investors are welcome to join the

project with up to 49% Akkuyu SPV stake

Key parameters

Site – Akkuyu, province Mersin, Turkey

Turkey

Akkuyu is the first

Rosatom’ foreign NPP

project configured on BOO

principles

Akkuyu NPP project profile




www.rosatom.ru

Thank You for Attention!

Alexey Kalinin

Head, International Business, Rosatom

CEO, Rusatom Overseas

E-mail: [email protected]

Phone: +7 (499) 949-25-37

14


www.rosatom.ru

Back-up

15


www.rosatom.ru 16

Meets all current Russian and international safety

standards and the IAEA requirements

Widely referenced by utilities

EUR certified

Hurricanes, tornadoes

Earthquakes

Airplane crash

Tsunamis, floods

Protection from outer impacts

Rosatom Generation III+ NPP Design

Forefront of nuclear technology –

Generation 3+ reactor

Proven and mature solutions –

1400 reactor years of total

operating time

A high level of internal safety gained

through evolution of design

Most demanded capacity suitable

for various grid conditions – 1000-

1200 MWe

Long – run facility – design lifetime

of the main equipment: 60 years

High performing source of supply –

availability factor ≈ 92 %

What is VVER? (Water-Water Power Reactor)

Outside explosions

Snow load




www.rosatom.ru 17

Nuclear Icebreaker Fleet - #1 nuclear fleet in the world

- Assures stable functioning of Northern Sea Route

Fast Reactors (Gen IV) - #1 fast neutron reactor in the world

- #1 operating fast neutron reactor in the world

- Broad development programme

Nuclear Innovation – Variety of Applications

Small and Medium Size Reactors - Variety of different designs with referent parameters

- #1 floating NPP in the world is being built

- #1 successful public-private partnership for developing SMR



Radiation Technologies - Isotope production

- Nuclear medicine

- Irradiation facilities


www.rosatom.ru

More than 25% of revenue is

generated by overseas assets More than 50% of revenue

comes from global operations

Rosatom is among Top 3

nuclear companies

(by revenue in key segments)

18

Rosatom in 2020

Localize all business segments operations in key markets

Establish multiple alliances and partnerships with global and local players

Benefit from global talents and local workforce

Source, develop and transfer technologies to maintain global leadership

Take full advantage of global capital market

Ensure business transparency as a key operating standard

Key Actions

2020 Targets

Globalization of operations is the key priority




www.rosatom.ru 19

Promotion of Rosatom global development is implemented by Rusatom Overseas



Rosatom overseas NPP & RR new build projects development

Rosatom global marketing management and

marketing offices network development and operation

Key Activities of Rusatom Overseas

Management of Rosatom Globalization program


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