generating records annual report 2014

Address by Board
of Directors Chairman

Alexander Lokshin Chairman of the Board of Directors, Rosenergoatom Concern OJ SC, First Deputy General Director for Operations Management, Rosatom State Corporation

Dear colleagues,

The year 2014 was not easy for the Concern.

Power start-up of the 3rd power unit of the Rostov NPP completed ahead of schedule became one of the most important events for the entire nuclear industry. This achievement was recognized at the annual competition “Rosatom’s Person of the Year” where a joint team of the Concern and NIAEP-ASE received the first award in the nomination “Victory of the Year” for early power start-up of the 3rd power unit of the Rostov NPP.

At the same time postponement of start-up of the 4th power unit of the Beloyarsk NPP and the 6th power unit of the Novovoronezh NPP for 2015 clearly demonstrated the need for strengthening of the responsible function of the Concern as the NPP power units construction customer and for strict control over compliance with the established timeline for start-up of new power units.

AMONG THE CONCERN’S ACHIEVEMENTS THE RECORD INDICATOR OF ELECTRIC POWER GENERATION, WHICH IN 2014 EXCEEDED THE BALANCE VALUE APPROVED BY THE FEDERAL TARIFF SERVICE, AND THE TARGET LEVEL OF ROSATOM STATE CORPORATION. WE EXPECT THE CONCERN TO ACHIEVE YET ANOTHER RECORD IN TERMS OF POWER GENERATION IN 2015.

The strategy of the Concern as an electric power branch of Rosatom State Corporation is traditionally based on the strategic goals and objectives of the Corporation. Pursuant to this strategy, the priority development objectives of the Concern are safe, efficient, and reliable operation of the functioning NPPs, increase of the nuclear generation share in the power balance of Russia, implementation of innovative projects, entry into the international market, and general increase of efficiency.

Every year the Concern performs increasingly ambitious tasks set by the state and Rosatom State Corporation thus confirming its leading position in the market in the era of fierce competition. I hope that despite all the hardships Rosenergoatom will successfully continue to perform a demanding task of ensuring Russia’s energy security.