Rosatom to quintuple revenue to $75 bln by 2030

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Rosatom to quintuple revenue to $75 bln by 2030 - Rosatom head

RIA Novosti, PUBLISHED December 13, 2011

The Russian state-run civil nuclear corporation Rosatom plans to increase its overall revenue five times to $75 billion by 2030, Rosatom head Sergei Kiriyenko said on Monday.

"Our revenue has grown 150 percent in the past five years. We have set a serious target to quintuple it by 2030. We have overall revenue of $15 billion today and want to reach $75 billion," Kirienko told Prime Minister Vladimir Putin at an official ceremony of the launch of the fourth unit at the Kalinin nuclear power plant in central Russia.

The unit has a total capacity of 1,000 MW and will be operated at half capacity for the time being. Its construction began in 2007 and cost 70 million rubles (about $3.5 million).

In turn, Putin said the Russian civil nuclear power industry generated 170 billion kW/hr of electricity last year.

"This is the best result we've ever had," Putin said.

Kiriyenko said this year the nuclear power sector would produce 172 billion kW/hr of electricity while Rosatom intended to channel over $300 billion in investment projects in the next twenty years, including the construction of 38 new nuclear power units in Russia and 28 units abroad.

Topics: Rosatom

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