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JSC Atomenergoprom (full name — Joint Stock Company Atomic Energy Power Corporation, short name — AEP) is a Russian state vertical integrated company (currently in the process of organization), which unites circa 50 enterprises of the nuclear industry. Atomenergoprom provides full production cycle of nuclear power engineering — from uranium production to nuclear power plant construction and energy generation. AEP already includes such large companies as Rosenergoatom Concern (#2 in the world by nuclear electricity generation) TVEL (17% of the world nuclear fuel market), TENEX (40% of the world uranium enrichment services market). The company formation is expected to be completed by the end of 2009.
AEP was established in order to consolidate the assets of the civilian part of the Russian nuclear industry which has a history of over 70 years. It has absorbed the unique experience accumulated across the whole range of technologies of nuclear fuel cycle and nuclear power plant construction. This huge experience is the basis of Atomenergoprom leadership in the world market of nuclear technologies.
Atomenergoprom — Key Facts and Figures:
- No. 1 globally in number of nuclear reactors under simultaneous construction (8 in Russia and 36 abroad);
- No. 2 globally in uranium reserves and No. 3 globally in annual uranium extraction;
- No. 2 globally and No. 1 in Russia in terms of nuclear power generation (about 18% of total power generated in Russia);
- 36% of the global uranium enrichment market;
- 17% of the global nuclear fuel market.
100% of JSC Atomenergoprom is controlled by Rosatom State Atomic Energy Corporation (ROSATOM). ROSATOM was founded in accordance with the Order of the President of Russian in December of 2007 and is intended to replace Federal Nuclear Power Agency (Rosatom). ROSATOM ensures carrying out the state policy and maintains the unity of management of nuclear power usage, stable functioning of nuclear power and industrial complex and nuclear weapons complex, nuclear and radiation safety. ROSATOM is charged with the tasks of observing Russia’s international obligations in the area of peaceful use of nuclear power and nuclear materials nonproliferation regime. The creation of the company was intended to facilitate the performance of federal target program of nuclear industry development approved by the State Duma and the President of Russia. The Director General of Rosatom State Atomic Energy Corporation is Alexey Likhachev.