Atomstroyexport
Encyclopedia
Atomstroyexport is the Russian Federation's nuclear power
Nuclear power
Nuclear power is the use of sustained nuclear fission to generate heat and electricity. Nuclear power plants provide about 6% of the world's energy and 13–14% of the world's electricity, with the U.S., France, and Japan together accounting for about 50% of nuclear generated electricity...

 equipment and service export monopoly
Monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity...

. It belongs to Atomenergoprom
Atomenergoprom
Atomenergoprom is a 100% state-owned holding company that unites Russian civil nuclear industry. It is a part of the Rosatom State corporation.-History:...

 holding with 49.8% of shares owned by Gazprombank
Gazprombank
Gazprombank is the largest Russian non-state owned bank, which is among the three largest banks in Russia. It is a joint stock bank founded in 1990. The bank is owned by the Russian gas company Gazprom, which controls 62.59% of shares directly and also retains shares through its subsidiaries...

. The CEO of Atomstroyexport is Sergei Shmatko
Sergei Shmatko
Sergei Ivanovich Shmatkó is a Russian businessman and politician specializing in the energy industry. Since May 2008, he is the Minister of Energy.-Early life:Shmatko was born in Stavropol...

.

Projects on abroad

The Russian nuclear vendor is building the first reactor power unit in Iran
Iran
Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...

ian Bushehr nuclear power plant
Bushehr Nuclear Power Plant
The Bushehr Nuclear Power Plant is a nuclear power plant in Iran southeast of the city of Bushehr, between the fishing villages of Halileh and Bandargeh along the Persian Gulf. The plant is located at the junction of three tectonic plates....

 located 400 kilometres (248.5 mi) southwest of Tehran
Tehran
Tehran , sometimes spelled Teheran, is the capital of Iran and Tehran Province. With an estimated population of 8,429,807; it is also Iran's largest urban area and city, one of the largest cities in Western Asia, and is the world's 19th largest city.In the 20th century, Tehran was subject to...

 under a US$1 billion contract signed in 1995. In 2007, AtomStroyExport signed a memorandum of understanding
Memorandum of understanding
A memorandum of understanding is a document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in...

 with Ciner Insaat Ticaret ve Sanayi to promote its VVER
VVER
The VVER, or WWER, is a series of pressurised water reactors originally developed by the Soviet Union, and now Russia, by OKB Gidropress. Power output ranges from 440 MWe to 1200 MWe with the latest Russian development of the design...

-design pressurized water reactor
Pressurized water reactor
Pressurized water reactors constitute a large majority of all western nuclear power plants and are one of three types of light water reactor , the other types being boiling water reactors and supercritical water reactors...

s in Turkey. In Bangladesh, proposals have been prepared to resurrect the potential Roppur nuclear power plant. In the UK, Atomstroyexport would consider partnering with a Western manufacturer for a new UK builder. In Morocco, Atomstroyexport is considering participation in construction of a nuclear power plant at Sidi Boulbra.

In late October 2006, the offer of Atomstroyexport for construction of the Belene Nuclear Power Plant
Belene Nuclear Power Plant
The Belene Nuclear Power Plant is a nuclear power plant currently under construction 3 km from Belene and 11 km from Svishtov in Pleven Province, northern Bulgaria, near the Danube River...

 in Bulgaria, using third-generation VVER-1000/V-446B reactors, was approved. The first unit would be in operation by 2013 and the second a year later.

Between 1999 and 2007, Atomstroyexport constructed the Tianwan Nuclear Power Plant
Tianwan Nuclear Power Plant
Tianwan Nuclear Power Station is a large nuclear power station in Lianyungang prefecture level city, Jiangsu province, People's Republic of China. It is considered to be the largest nuclear plant on mainland China...

 in China, which consists of two VVER
VVER
The VVER, or WWER, is a series of pressurised water reactors originally developed by the Soviet Union, and now Russia, by OKB Gidropress. Power output ranges from 440 MWe to 1200 MWe with the latest Russian development of the design...

 reactors with 1,060 MW each, and has signed an agreement for construction of units 3 and 4. Unit 5 to 8 are firmly planned.

On 19 February 2008, Atomstroyexport signed a cooperation agreement with Technopromexport, a Russian exporter of other large-scale power generation types, on the construction and management of power projects in Russia and abroad.

On 14 December 2009, Atomstroyexport bought Nukem Technologies for 23.5 million Euros, adding nuclear power plant decommissioning, waste management and engineering services to its portfolio.
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