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The state atomic energy corporation Rosatom unites enterprises of nuclear power engineering and nuclear industry and ensures organizational, management, and technological unity of the nuclear industry. The purpose of the corporation is to pursue a governmental policy, perform normative and legal regulations, provide governmental services and manage government property in the sphere of using atomic energy, safe functioning of organizations in the nuclear power engineering and nuclear arms complexes, ensuring nuclear and radiation safety, nonproliferation of nuclear materials and technologies, developing atomic science, technology, and professional education, facilitating international cooperation in this sphere.

In December 2007, Russian President Vladimir Putin signed the order "On Members of the Supervisory Board of the State Corporation for Atomic Energy Rosatom". The order appoints Russian presidential chief of staff Sergei Sobianin as the chairman of the supervisory board. With another order the Russian president appointed Sergei Kirienko CEO of the State Corporation for Atomic Energy Rosatom.

Under the December 1, 2007 Federal Law No. 317, Rosatom is assigned functions of the Federal Agency for Atomic Energy.

Official website: (in russian)
Independent assessment

The value of assets of Atomenergoprom, which is part of Rosatom, is estimated at $40-50 billion. Besides, the state corporation will control the implementation of the nuclear power engineering industry development program that is expected to attract $60 billion in investment by 2015.

Atomenergoprom unites enterprises of the civilian section of the industry, while Atomenergoprom itself has become a part of the state corporation. Also subordinated to Rosatom are enterprises of the nuclear arms complex, institutes of fundamental science and enterprises working in the sphere of nuclear and radiation safety.

By 2015, Rosatom intends to build ten new nuclear power units, thus increasing their number threefold. Russian currently has 31 power units (operated by ten NPPs) with a combined capacity of 23.2 gigawatts. If Rosatom succeeds in building ten more power units by 2015, the combined installed capacity of all Russian NPPs will increase to 33 gigawatts.

At the same time, Rosatom CEO Sergei Kirienko promised that his agency will not limit its efforts to building ten new power units by 2015. To quote him, by that time "another ten power units will be at construction stage". These energy capacities should be commissioned by 2020. Yet commissioning even 10 new power units by 2015 is a quite ambitious plan. Rosatom will need to commission up to 2 gigawatts of new energy capacities each year. The cost of such construction is estimated at $58.9 billion by 2015.

The federal budget is expected to provide some $31.9 billion for new construction. The corporation will have to find another $27 billion on its own. Such large-scale plans of Rosatom herald big orders for Russian makers of equipment for NPPs ($20-25 billion will be the cost of nuclear reactors and boilers - key elements of any nuclear power plant).
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