Friday, December 20, 2013

Rosatom set for larger share in global nuclear energy market

Rosatom, the Russian state nuclear corporation, has concluded a record number of transactions this year for the construction of nuclear power plants. Rosatom will build the first nuclear power plants in Bangladesh and Jordan, expand its presence in China and India with the help of new power units, and build the Hanhikivi-1 nuclear power plant (NPP) in north-west Finland. The company is also negotiating an agreement on co-operation with South Africa.
Rosatom also started new construction work in 2013: the Akkuyu NPP in Turkey, a nuclear power plant in Belarus and a plant for the production of nuclear fuel in Ukraine. The Russian company offers its customers new reactors that are innovative in terms of security. For example, passive safety systems in the VVER-1200 reactor used in the NPP-2006 plant can guarantee that the so-called Fukushima scenario in Japan will never happen again.
Rosatom has 19 orders for the installation of similar reactors abroad and is building eight such reactors in Russia.
Package solutions
“In my opinion, the most important quality of Russian companies is the package proposal they come with to a potential customer...”
...Russian companies can provide up to 85% financing for nuclear power plant projects through export credits.
While Russia pursues customers in new markets, in Canada The Nuclear Power Sector's Dim Prospects, from the National Bank, mainly notes declining prospects in developed markets, where electricity production is unlikely to significantly increase unless there's a serious attempt to reduce carbon emissions from the transportation and heating sectors.

One expanding economy the report looks at is China:
Even though China has tightened safety standards in response to Fukushima, worries still persist over the capacity of China to safely operate its nuclear plants...
The challenges authorities have experienced in trying to enforce environmental regulations in the electricity sector is yet another example.  Scrubbers have been installed on many coal-fired plants to filter out sulfur dioxide emissions, which are one of the main causes of the heavy smog in many Chinese cities today.  However, many of the officials in charge of these plants often only turn on the scrubbers when inspectors arrive.  A similar lack of enforcement in the nuclear sector could have dire consequences.
Considering a recent report, China's coal emissions responsible for 'quarter of a million premature deaths', it is far more likely not proceeding with nuclear will have much more dire consequences.

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