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History

The Decree ruled that Rosenergoatom Concern State-Owned Enterprise (SOE) was a state-owned enterprise that independently and through outsourcing is engaged in all stages of the life cycle of nuclear plants, as regards selection of construction sites, project design, construction, commissioning, operation, decommissioning, and other operating functions.

The same Decree ruled that the assets of nuclear plants currently in operation, under construction, in project design phase, or abandoned, are owned by the Federal Government and assigned to Rosenergoatom Concern SOE, who is fully in charge and control of them. The idea was to use Rosenergoatom Concern SOE as a platform to integrate all nuclear plants, which under the Decree had received the exclusive rights of self-governed business units.

During the 1990s, one of the main tasks facing Rosenergoatom Concern SOE was to overcome the transition difficulties and, first and foremost, to resolve the problem of non-payments for the energy supplied by NPPs.

In accordance with the Federal Government Directive No. 1207-r of September 8, 2001, starting on April 1, 2002, with the intention to improve operating efficiency at nuclear plants, Rosenergoatom Concern SOE was reorganized into a generating company (Rosenergoatom Concern FSUE) by merging with all nuclear plants, both in operation and under construction.

Apart from its functions as an operator, this entity was able to act independently on the power market, and sell power generated by the nuclear plants to solvent users.

To assist further development of the nuclear power industry and to restructure the nuclear power complex in Russia, as instructed by Presidential Decree No. 556 of April 27, 2007, the Federal Government issued Resolution No. 319 of May 26, 2007, under which Atomenergoprom JSC was incorporated in July 2007, of which Rosatom State Corporation is the sole stockholder.

By Directive No. 1235-r of the Federal Agency for State Property Management of August 11, 2008, Rosenergoatom Concern FSUE was reorganized to Energoatom Concern OJSC, which surrendered 100% of its stock to Atomenergoprom JSC.

By Federal Government Resolution No. 1307-r of September 14, 2009, the Concern became entitled to use the word “Russian” in its corporate name. In November 2009, the sole stockholder of Energoatom Concern OJSC decided to add modifications into the Concern’s Articles of Incorporation, related to its new name: Russian Concern for Production of Electric and Thermal Energy at Nuclear Power Plants (Rosenergoatom Concern OJSC).

In 2011, Rosatom State Corporation became another stockholder of Rosenergoatom Concern OJSC, together with Atomenergoprom JSC.