Public annual report 2010
Annual report Statements Address by the Chairman of the Supervisory Board

Address by the Chairman of the Supervisory Board

2010 marks an anniversary for the nuclear industry. For 65 years, Russian nuclear specialists have maintained the reliability of Russia’s nuclear shield and nuclear deterrence policy. Russian nuclear power plants and those designed in Russia and built in other countries play a substantial part in meeting the energy needs of the Russian and global economies. The scientific and technical complex develops technologies that are used in nuclear and other industries.

Yearly publication of an integrated report intended for a broad public is evidence of ROSATOM’s openness and transparency, as well as a ready way of providing comprehensive information to all stakeholders about the activities of the Corporation.

Assessing ROSATOM’s work in 2010 with consideration of the events at Fukushima and the conclusions reached by the world community after Fukushima, I can confidently state that the report offered for your attention shows systemic work on safety assurance in the Russian nuclear industry. The rich store of knowledge accumulated over 65 years has enabled the Corporation management to clearly formulate changes that need to be introduced in the international nuclear industry regulatory system and industry-wide safety standards.

Russian standards, which are currently among the most rigorous in the world, should be a basis for these new global nuclear power safety standards in many respects.

In the reporting year, the Russian nuclear industry developed amid growing demand for nuclear power services. The Corporation’s engineering companies were building 14 nuclear power units in parallel, five of which were abroad. ROSATOM holds 9% of total world uranium production, 45% of the enrichment market and 17% of the nuclear fuel market.

The advancement of Russian nuclear products on external markets has resulted in an increase in total export volume to US$4.57bln (exclusive the HEU Deal), that is, 25%. In the reporting year, the five-year export orders portfolio grew by 20%.

In December 2010, the U.S. Congress ratified the 123 Agreement concerning cooperation in the peaceful uses of atomic energy, which opens up new development opportunities for relations between companies of the two largest nuclear powers.

The state authorities continue supporting ROSATOM and making it possible for it to set up representation offices overseas. A decision by Russian President Dmitry Medvedev on strengthening operations in foreign markets and the involvement of ROSATOM employees in the activities of Russian diplomatic missions to key host countries where the Corporation operates has been of key significance in this respect.

In 2010, the Russian Federation Government paid special attention to the development of nuclear weapons and the industry’s nuclear science and technology complexes. A decision was made to provide additional funding to them through federal target programs. Implementation of the Federal Target Program “Nuclear Power Technologies of New Generation in 2010-2015 and until 2020” will allow for the transition of nuclear power to a new technological platform employing fast neutron reactors and closing the nuclear fuel cycle, which will substantially enhance the environmental safety and economic efficiency of NPPs.

I am confident that the stable growth of all indicators: financial, economic, production and social, that has been shown by ROSATOM in recent years is sustainable and has a sound base for further development while overcoming the consequences of the world financial and economic crisis.

First Deputy Chairman
of the Government of the Russian
Federation, сhairman
of the S upervisory Board of the S tate
Atomic Energy Corporation

Igor Shuvalov

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