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Russia’s nuclear company Rosatom on a drive to sell nuclear technology overseas

Russia’s Rosatom Sees Foreign Revenues, New Products Fuelling Rapid Growth, The state nuclear company aims to triple its revenues through new projects.   Moscow Times, 24 June 19, Russian state nuclear company Rosatom aims to triple its revenues in U.S. dollar terms by 2030, driven by foreign projects from Belarus to Bangladesh and new product areas such as carbon fibre, its chief executive told Reuters.

Rosatom is the world’s only integrated nuclear firm, providing a one stop shop from uranium enrichment to handling nuclear waste, after its two biggest rivals Areva and Westinghouse hit financial troubles.

Alexey Likhachyov, 58, has led Rosatom since 2016, with goals to increase competitiveness, add new markets and products, and boost its share of global nuclear technology exports.

By 2030, he expects up to 70 percent of Rosatom’s revenue to come from outside Russia and up to 40 percent from new products, including non-nuclear ones.

“The first step is to implement our entire order book portfolio — this is around $190 billion overall, of which $133 billion is for this decade. Out of these, around $90 billion are (started) plants abroad. This is 12 countries,” he said.

Rosatom is the world’s biggest nuclear company by foreign orders, with a total of 36 nuclear blocks on order outside Russia, including in Belarus, Bangladesh, China, India, Turkey, Finland, Hungary and Egypt. …….. https://www.themoscowtimes.com/2019/06/24/russias-rosatom-sees-foreign-revenues-new-products-fuelling-rapid-growth-a66135

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June 25, 2019 - Posted by | marketing, Russia

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