The Engineering Division's strategy was approved in 2014 and aims to achieve the ROSATOM strategic goals.
The main strategic goal of the Company in sight till 2030 includes keeping the leading position in the global market in terms of number of constructed power units and the market share with consideration for market growth tendencies in the absolute terms and strengthening of competition between the well-established and new players (stepping-up of China and Korea). In addition to the competition strengthening, the NPP construction market is a subject of pressure from other generation sources – mainly by the solar and wind power that gained the global leadership in 2016 in terms of increment rates. This trend is caused by the reduced cost of the rated capacity kilowatt of the alternative power and consequently by the reduced LCOE rate. In 2016, the forecast growth rates were revised for the share of renewable power sources in terms of its increase, while a more dynamic decrease is forecacted for LCOE parameter.
So, ensuring a competitive LCOE level as compared with the conventional and renewable power sources is the main challenge to be taken up by the Division to achieve the Company’s strategic aim in the business main core.
One of the main strategic elements aimed to reduce the cost and meet deadlines of NPP construction and consequently to achieve the competitive LCOE level is the uniform information platform generated on the basis of Multi-D technology.
forecast of 2015
forecast of 2016
|Current value in 2016||77||81||72||60–85||—|
The Division aims to maintain execution of the projects portfolio so as to ensure that the potential fluctuations in the portfolio due to postponement or cancellation of particular projects should not influence the execution of other projects under the respective agreements.
To achieve this goal, the Division promotes the development of new business areas along with rapid accumulation of projects in the business main core. The priority is given to those market segments that may use competences in the business core, namely:
The Engineering Division does not rely on ROSATOM financial support and is able to use own additional resources for development of other divisions. The strategic aim is to maintain this opportunity.
Our performance are aimed at meeting the following sustainable development goals:
We are committed to 2030 sustainable development targets stated by the UN.
In the Engineering Division the social area is in the responsibility of the vice-president for personnel management and administrative work, economics and finance – in the responsibility of the senior vice-president for economics and finance, ecological area – in the responsibility of the director for quality management.