The Concern’s investment activity in the form of capital investments is aimed at implementing the Long-Term Program for Rosatom State Corporation Activities for 2009–2015 1 , in relation to the Russian nuclear power industry complex, as well as executing the Russian Federation Program for Nuclear Power Industry Complex Development for 2012–2020 2 .
Long-term, mid-term (three-year), and short-term (annual) investment programs are developed with a view to continuous and most efficient accomplishment of this objective and achievement of the Concern’s strategic goals.
The Concern’s investment programs are prepared in full conformity with the strategic goals of the Power Engineering Division of Rosatom State Corporation, aimed at providing consumers with electricity and heat produced at Russian NPPs with guaranteed safety as a top priority of its activities.
Distribution of functions among the parties involved in the investment process is regulated by the Investment Agreement of Rosatom State Corporation, Atomenergoprom JSC, and Rosenergoatom Concern JSC.
Investment activities of Rosenergoatom Concern JSC are financed from the Concern’s own funds, from the assets contributed by Rosatom State Corporation, and borrowed funds.
The investment program of Rosenergoatom Concern JSC for 2015 was submitted to the Russian Energy Ministry according to the established procedure, and reflected in the Current Year Financing Plan column of the Russian Energy Ministry Order dated December 14, 2015 No. 954 on Approval of Rosenergoatom Concern JSC Investment Program for 2016–2018 in the planned amount of 154,256.75 mln rubles.
The actual level of fulfillment of the Investment Program of Rosenergoatom Concern JSC in 2015 totaled 162,475.31 mln rubles according to accounting data.
Furthermore, the funds of Rosatom State Corporation’s asset contribution totaling 42,778.7 mln rubles were channeled to investment projects related to construction of NPP power units.
Investment programs of Rosenergoatom Concern JSC subsidiary companies included in the consolidated budget of Rosatom State Corporation.
The projects of subsidiary companies of Rosenergoatom Concern JSC were funded in the total amount of 515.87 mln rubles (with VAT), including intracompany balance.
The projects of AtomEnergoSbyt JSC, a supplier of last resort, take the largest share in the Power Engineering Division’s portfolio of projects funded from the consolidated investment resource of Rosatom State Corporation.
The goals of these projects include ensuring guaranteed sales market for the power produced by organizations of Rosatom State Corporation, and stability of Rosatom State Corporation positions in the energy market, increasing consolidated income and revenue of Rosatom State Corporation from electricity sales.