Rosatom explains the “multiplier effect” of new nuclear power: Corporate
September 28, 2020
The development of a national nuclear industry facilitates the economic growth of a country while remaining in harmony with low-carbon and sustainable development, said last week Yaroslav Mozdakov, director of communications and international affairs of Rusatom Energy International ( REIN), during a webinar conference organized by the United Nations Economic Commission for Europe’s Expert Group on Resource Management. REIN is a subsidiary of the Russian state nuclear company Rosatom.
Yaroslav Mozdakov, Director of Communications and International Affairs of REIN, speaking at the UNECE session
“It’s pretty obvious that Sustainable Development Goal 7, for affordable and clean energy, is our priority,” said Mozdakov, “but a nuclear power plant project contributes to at least six of the SDGs and also generates multiple effects economic “.
A 2,400 megawatt dual VVER power plant provides a clean and stable supply of electricity for at least 60 years, he said, which is enough to power 1.8 million homes on average. It also creates around 3,000 direct jobs on the site and over 10,000 more in related sectors.
Rosatom’s 10-year overseas order portfolio is worth approximately $ 140 billion and includes, among other things, 36 new units in various stages of implementation in 12 countries. Through its serial approach to construction, up to 15 of its reactors have been connected to the grid in the past 14 years, eight in Russia and seven abroad – in China, India and Iran.
About half of Rosatom’s 250,000 employees are engaged in its overseas projects, and its global presence in 50 countries “goes beyond” building nuclear power plants, Mozdakov said.
Its “integrated offering” and own-build-operate model covers the entire fuel cycle and can be tailor-made for each of its client countries, he said, and nuclear production is going “well beyond. beyond “the power supply, to provide economic, budgetary, social and environmental effects.
Rosatom calculated that every dollar invested in one of its nuclear power plant projects generates $ 1.9 for local industry, $ 4.3 in GDP growth and $ 1.4 in tax revenue. He estimates that, over 60 years, a two-unit nuclear power plant increases a country’s GDP by $ 40 billion to $ 60 billion.
At $ 20 billion, the Akkuyu nuclear power plant project is the largest foreign direct investment in Turkey and will add $ 50 billion to the country’s GDP over the life of the plant, Mozdakov said. Around 13,000 workers will be involved at the height of the plant’s construction and most of them will be Turkish. At present, around 6,000 workers are on site and 80% of them are Turkish citizens.
About 40% of the work on the project will go to Turkish companies and so far more than 350 of them have applied to be on the supplier list. At the operational stage, the Akkuyu nuclear power plant with its 4 units will employ 3,500 people, including around 700 qualified Turkish engineers. Some 600 Turkish students will attend higher education courses in nuclear science at Russian universities. Among them, 143 have already graduated and are now working on the Akkuyu project. Training programs have also been launched in Turkish colleges and a training center for factory operators is to be established there.
The Hanhikivi 1 project in Finland represents 7 billion euros of direct investment. The value of the works to be provided by Finnish companies and other companies based in the EU is around 1.8-2.7 billion euros. More than 680 companies applied to work on the project, of which 620 are Finnish. The project is expected to generate 45 billion euros in GDP growth and 20 billion euros in taxes. An on-site job creates 5.5 new off-site jobs and up to 6.2 new jobs in support industries once the plant is up and running, Mozdakov said.
Asked about the public acceptance of new nuclear projects, he referred to a study carried out in North Ostrobothnia in 2017 by the Federation of Finnish Businesses on the economic effects of the Hanhikivi 1 project. Almost 30% of those questioned said that the project had had a positive effect on the turnover of their companies over the past two years, and over 50% expressed confidence that their companies’ activities will continue to grow in line with the nuclear power plant project of the Finnish company Fennovoima. .
Such an investigation proves, Mozdakov said, how the local experience of new nuclear projects has a positive impact on the public acceptance of nuclear energy, not only as a reliable and low-cost source of electricity. carbon emission, but as an employer and long-term business driver.
Research and writing by World Nuclear News