ROSATOM Nuclear Power Development: Rosatom perspective Alexey Kalinin Head, International Business, Rosatom ENC 2012 conference December 10, 2012 Fully Integrated Nuclear Technology Company Anniversary of Russian Nuclear Industry 2010 Uranium production Uranium enrichment www.rosatom.ru Fuel Power equipment fabrication manufacturing NPP Design, Engineering and Construction Electricity generation Services and modernization 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. 2 Rosatom safe and mature VVER technology is one of the most referenced VVER Global Fleet Country Constructed Armenia 2 Bulgaria 6 China 2 Czech Republic 6 Finland 2 Germany 6 Hungary 4 Iran 1 Russia 17 Slovakia Slovakia 6 Hungary Ukraine 15 TOTAL 67 Finland Russia Germany Ukraine Bulgaria Armenia China Iran Czech Republic www.rosatom.ru 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. 3 Rosatom operating NPP fleet in Russia Kola NPP Leningrad NPP Bilibino NPP Kalinin NPP Smolensk NPP Beloyarsk NPP Novovoronezh NPP - VVER - RBMK - BN - EGP Balakovo NPP Kursk NPP Rostov NPP Balakovo NPP Kola NPP Kursk NPP Leningrad NPP Beloyarsk NPP Units in operation: 4 Units in operation: 4 Units in operation: 4 Units in operation: 4 Units in operation: 1 Capacity: 4000 MW Capacity: 1760 MW Kalinin NPP Novovoronezh NPP Capacity: 4000 MW Rostov NPP Capacity: 4000 MW Smolensk NPP Capacity: 600 MW Bilibino NPP Units in operation: 4 Units in operation: 3 Units in operation: 2 Units in operation: 3 Units in operation: 4 Capacity: 4000 MW Capacity: 1880 MW www.rosatom.ru Capacity: 2000 MW Capacity: 3000 MW Capacity: 48 MW 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. 4 Rostov NPP, unit 2 Key Project Parameters Reactor design: VVER-1000 (V - 320) Gross capacity: 1000 MW First criticality: 22 Jan 2010 First grid connection: 18 Mar 2010 www.rosatom.ru 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. 5 Kalinin NPP, unit 4 Key Project Parameters Reactor design: VVER-1000 (V - 320) Gross capacity: 1000 MW First criticality: 08 Nov 2011 First grid connection: 24 Nov 2011 www.rosatom.ru 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. 6 Tianwan NPP, China Lianyungang, Jiansu province Key Parameters Reactor design: VVER-1000 (V-428) Tianwan 1 2 Total Gross Capacity: 2120 MW (2 x 1060 MW) First criticality: 20 Dec 2005 (unit 1) 01 May 2007 (unit 2) First grid connection: 12 May 2006 (unit 1) 14 May 2007 (unit 2) Commercial operation date: 17 May 2007 (unit 1) 16 Aug 2007 (unit 2) Legal basis: IGA (1992) www.rosatom.ru 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. 7 Busher NPP, Iran Key Parameters Reactor design: VVER-1000 (V-446) Total Gross Capacity: 1000 MW (1 x 1000 MW) First criticality: 08 May 2011 First grid connection: 03 Sep 2011 Commercial Operation Date: 30 Jul 2012 (anticipated date) Legal basis: IGA (1992) Construction on the “turn-key” basis www.rosatom.ru 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. 8 Kudankulam NPP, India Key Parameters Reactor design: VVER-1000 (V-412) Total Gross Capacity: 2000 MW (2 x 1000 MW) First criticality: 2012 (anticipated date) First grid connection: 2012 (anticipated date) Legal basis: IGA (1998) www.rosatom.ru 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. 9 Rosatom Gen III+ NPP design What is VVER? (Water-Water Power Reactor) Protection from outer impacts 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 – 10001200 MWe Long – run facility – design lifetime of the main equipment: 60 years High performing source of supply – availability factor ≈ 92 % www.rosatom.ru Hurricanes, tornadoes Airplane crash Snow load Tsunamis, floods Outside explosions Earthquakes Meets all current Russian and international safety standards and the IAEA requirements Widely referenced by utilities EUR certified 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. 12 Novovoronezh NPP-II Key Parameters Reactor design: VVER-1200 (V-392M) Total Gross Capacity: 2400 MW (2 x 1200 MW) Construction start: 24 Jun 2008 (unit 1) 12 Jul 2009 (unit 2) Commercial Operation Date: end of 2013 (anticipated date, unit 1) end of 2014 (anticipated date, unit 2) www.rosatom.ru 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. 11 How strongly did Fukushima affect the plans to the world’s nuclear energy development? Eastern Europe North America 38 Western Europe 150 135 120 123 24 24 32 29 Russia 31 Korea 113 113 114 114 111 99 114 114 47 44 34 32 24 24 38 38 2012 2020 2030 30 31 2012 2020 2030 China 2012 2020 2030 120 124 21 21 74 2012 2020 2030 18 MENA 54 22 India 13 26 27 10 Installed capacity GW, reference scenario World 12 12 17 11 2012 2020 2030 South Africa -12% 36 7 37 37 South-East Asia 2012 2020 2030 -11% 652 62 2012 2020 2030 19 19 Latin America Japan* 2012 2020 2030 66 34 2012 2020 2030 5 5 10 7 9,4 588 2012 2020 2030 2012 2020 2030 Rosatom’s portfolio 515 460 2012 2020 2030 21 365 365 12 2012 2020 2030 2010 2011 Rosatom’s scenario before Fukushima Rosatom’s scenario after Fukushima www.rosatom.ru Source: Rosatom * Does not include national nuclear power program potential strategy revision (to be revised shortly) The content of this preсоsentation 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. 5 Emerging Markets Become Increasingly Important in New Build Countries’ decisions on the development of nuclear energy Number of countries 4 Established nuclear markets For example, • France • USA • Russia • Czech Republic • … www.rosatom.ru Reviewed plans For example, • Germany • Switzerland • Italy • Belgium Emerging nuclear markets Affirmed plans for development of national nuclear programs For example, • Turkey • Vietnam • UAE • Belorussia • … 13 Rosatom NPP construction projects worldwide United Kingdom Finland 1 4 Czech Republic 2 Slovakia 1 Hungary 2 Bulgaria 1 Belorussia 2 Nigeria 2 Brazil 4 Argentina 2 Russia 9 Ukraine 2 Kazakhstan 2 9 Armenia China 1 Turkey 2 4 2 India Bangladesh 2 Vietnam 4 2 Jordan 12 2 Malaysia 2 Saudi Arabia Indonesia 2 2 South Africa 8 38 30 28 22 In progress Tendering process/ negotiations Potential Rosatom NPP construction perspective backlog – more than 80 units content of this presentation is for discussion purposes only, shall not be considered as an offer and doesn’t lead to any obligations to www.rosatom.ru The Rosatom and its affiliated companies. Rosatom disclaims all responsibility for any and all mistakes, quality and completeness of the information. 14 Nuclear power plant brings more than just energy Additional gains from NPP construction Growth of demand in other sectors of economy Job creation Industry and construction sector development Electricity export opportunities Development of science and education Social infrastructure development Tax payments growth Country’s reputation growth at regional level Energy security development Freezing of nuclear energy development is equal to rejection of social and economic development www.rosatom.ru 4 An integrated solution should be the only form of a vendor’s offer in current conditions Energy Solution Modern NPP design (Gen III+) NPP construction and life cycle management support (fuel, services, modernization) Operation & maintenance Regulation, Infrastructure and Public acceptance Creation and development of regulatory base NFC facilities construction, SNF & RW management, Social-political programmes support Industrial Solution Responsible Vendor’s Integrated Solution NPP equipment manufacturing, service & works localization, Technology transfer, Certification of local suppliers, participation in third countries projects Financial Solution Knowledge, skills, human capital BOO projects implementation; State credits, Partnership projects Personnel education & training (incl. traineeship on NPP sites), R&D base development, NPP operation experience exchange - basic principle www.rosatom.ru 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. 16 Akkuyu NPP project profile Key parameters Akkuyu is the first Rosatom’ foreign NPP project configured on BOO principles • 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 Turkey • Sound Russian and Turkish State encouragement • Strong support to Turkey with regulatory system establishment and personnel training Site – Akkuyu, province Mersin, Turkey • 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 www.rosatom.ru 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. 17 Ninh Thuan NPP project profile Ninh Thuan NPP is the first to be constructed in Vietnam Key parameters • Construction period – 2014-2020 • Legal basis – Governmental Agreement of October 31, 2010 • Reactor design – NPP-91 (VVER-1000) • Total capacity – 2 000 MW (2 units) Project highlights • First NPP project in Vietnam • Ninh Thuan NPP meets Vietnamian electricity needs • Strong support to Vietnam with regulatory system establishment and personnel training Site Ninh Thuan – Vietnam • Russian state credit comprehensive financing solution • Significant local content sourcing, especially in civil construction • Broad localization programme envisaged • Strong political support from the Vietnam government www.rosatom.ru 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. 18 Contacts in Rosatom Dr. Kirill Komarov Deputy Director General, Development and International Business e-mail: kbkomarov@rosatom.ru Assistant: Maria tel.: +7(495)969-29-39, ext. 3236 e-mail: mimosur@rosatom.ru Alexey Kalinin Director, International Business e-mail: aakalinin@rosatom.ru Assistant: Natalia tel.: +7(499)949-25-37 Alexander Vlasov Senior Manager, International Business e-mail: avvlasov@rosatom.ru tel.: +7 (499) 949-20-25 www.rosatom.ru 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. 21