Dear colleagues and partners!
We would like to present the annual report of JSC Atomenergoprom for 2020.
In the reporting year, the Company had to operate in a challenging environment amid the coronavirus pandemic. JSC Atomenergoprom demonstrated its resilience in times of crisis and its social responsibility by contributing to the fight against COVID-19.
Within a very short time, enterprises in the industry provided the necessary capabilities for working remotely, protecting employees and rotating the personnel at overseas sites. Special precautions were taken to protect those employees who possess critical knowledge. The Company arranged regular testing. Backup was provided for all senior executives in the industry. The Company also launched a large-scale vaccination campaign covering not only its employees but also the residents of nuclear towns and cities. As at the date of this Report, over 75,000 people had already been vaccinated.
Radiation technology developed by the Company was used in order to sterilise several dozens of millions of medical face masks.
At the same time, 2020 is a landmark year as it marks a double anniversary: that of the victory in the Great Patriotic War and the 75th anniversary of establishment of the nuclear industry.
In 2020, JSC Atomenergoprom remained a leader in low-carbon power generation in Russia. Electricity output at NPPs reached a new all-time high of 215.7 billion kWh, accounting for 20.3% of the country’s total electricity output. This helped to prevent greenhouse gas emissions totalling 108 million tonnes of CO2 equivalent.
The Company also demonstrated a strong financial performance in difficult times. Its revenue under IFRS increased by 4.8% year on year to RUB 931.6 billion, while EBITDA reached RUB 344.6 billion. Profit under IFRS for the reporting period totalled RUB 169.1 billion.
Despite having to operate in a challenging environment, the Company achieved all its operational targets. It completed the power start-up of new generation 3+ nuclear power units equipped with VVER-1200 reactors and meeting the highest safety standards at Leningrad NPP-2 and the Belarusian NPP.
The Company operates on a global scale; its product portfolio includes 11 strategic programmes. New products offered by the Company provide new opportunities for developing healthcare and municipal infrastructure, improving environmental safety and making progress in other key areas relevant to sustainable development.
JSC Atomenergoprom’s portfolio also includes the wind power generation business. In 2020, two of the Company’s wind farms (the Adygea Wind Power Plant and the Kochubeyevskaya Wind Power Plant) started to supply electricity to the Russian wholesale market, with the capacity of wind power plants to be built by the Company totalling 1.2 GW.
Safety remains our top priority. Throughout 2020, all nuclear facilities operated safely and reliably. In the coming year, the Company aims to break the record for electricity output, secure contracts for the construction of new small-scale nuclear power plants, namely five floating power units, and put new wind power plants into operation.
The Company’s objectives in the sphere of international business include achieving first criticality at power unit No. 2 of the Belarusian NPP and obtaining licences for NPP construction in Europe.
In 2021, the Company plans to launch a research programme focused on hydrogen-based nuclear energy in cooperation with foreign partners and to develop technological solutions for the incineration of minor actinides and reusing regenerated fuel.
We would like to thank all employees of JSC Atomenergoprom’s organisations for the work that they have done. By working together, we will be able to rise to any challenges and accomplish our ambitious strategic objectives!