Development strategy and business plan of TVEL Fuel Company for the years 2015-2019 were adopted by the Strategic Board of Rosatom in December, 2014. The strategy of TVEL Fuel Company sets core performance indicators for mid-term and long-term outlook till 2030.
Fuel Division is the global leader in front end of NFC and the related fields
TVEL Fuel Company faces the challenge to increase its presence in the world market of NFC fabrication up to 22% and preservation of more than one third of the enrichment world market by the year 2030 (including supplies through TENEX JSC). Leadership of TVEL Fuel Company in the NFC market will be ensured by a series of projects being accomplished. First of all, such projects include promotion of the Russian design TVS-K fuel on the foreign market (for reactors designed abroad).
One of the innovative areas for NFC market is the Proryv project (“Breakthrough”) at the facilities of SGChE JSC (CATU Seversk, Tomsk region), with the construction of the Experimental Demonstration Energy Complex (EDEC), which includes fuel fabrication / refabrication module, power unit with BREST-OD-300 reactor, and spent nuclear fuel (SNF) reprocessing module.
Furthermore, with the view of FE NFC market growth TVEL Fuel Company:
- carries out projects to develop innovative fuel types, including uranium and plutonium based and accidenttolerant fuels;
- carries out projects on improvement of nuclear fuel consumer properties for operating NPPs;
- develops cooperation with existing and new partners.
Strategic goals of Rosatom State Corporation
Strategic goals of TVEL Fuel Company
Growth on NFC Markets
Second Business Core
Improvement Social and Ecological Acceptability
The key conditions for the development of the second core business is the presence in TVEL Fuel Company of the necessary infrastructure and production facilities, as well as the required equipment, licenses and qualified staff.
Financial stability of the Company is achieved through the development of non-nuclear business in conditions of challenges and changing market environment in FE NFC markets, additional workplaces are created. In 2018, TVEL Fuel Company created a series of industry-specific integrators on new businesses.
The Company faces the target to increase the revenue in nonnuclear businesses (including established businesses) more than 10 times in comparable terms of 2014.
Within the framework of efficiency improvement, the priority is given to solving the tasks of compacting the production areas and activity optimization.
In 2016, the territory of SGChE JSC concentrated the conversion redistribution (uranium conversion was transferred from AECC JSC and ChMP JSC). Concentration of production facilities of Tochmash VPA JSC and KMZ PJSC began in 2017.
Performance management objectives include increasing productivity, reducing costs and optimizing resources.
The main priorities are still careful attitude to the environment, transfer of “clean” areas after nuclear production to future generations, introduction of non-waste technologies and reduction of the “nuclear legacy”.
In terms of ensuring social acceptability, TVEL Fuel Company is one of the successful examples of social and charitable programs (support and development of small and medium-sized business in cities, creation of new jobs, improvement of cities, etc.) in the territories of Rosatom State Corporation presence. In 2018, the Company signed several cooperation agreements with the heads of the regions of presence in order to develop business partnerships.
Strategies developed and approved during 2018:
- 15 country-oriented strategies (Czech Republic, Hungary, Bulgaria, Slovakia, Finland, Sweden, Uzbekistan, Turkey, Kazakhstan, Egypt, Belarus, India, Spain, USA, Korea);
- 7 product strategies (decommissioning, export zirconium for nuclear applications, oilfield services, IT, small atomic clocks, energy storage, additive technologies)
TARGET: GROWTH ON NFC MARKETS
Production design and development of technology for closed nuclear fuel cycle
Promotion of fuel components produced using Russian and foreign technologies to the global market
Design and improvement of nuclear fuel and reactor cores for nuclear power units
TARGET: SECOND CORE BUSINESS DEVELOPMENT
Development of advanced products
Entering new markets
Creation and development of new businesses
Entering new markets
TARGET: EFFICIENCY IMPROVEMENT
Concentration of production facilities of Tochmash VPA JSC and KMZ JSC
Concentration of the Company’s production facilities
Increasing the efficiency of industrial sites areas use
Development of new gas centrifuges
Functions transformation program
Transformation of equipment and material procurement process
Transition to an operational model based on supply chain management
TARGET: SOCIAL AND ENVIRONMENTAL ACCEPTABILITY
Management of nuclear and radiation hazardous facilities (NRHF) decommissioning
Maintenance of environmental security and social awareness in the cities of the Company’s presence
On 1 January 2016, seventeen Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development — adopted by world leaders in September 2015 at an historic UN Summit — officially came into force. The Sustainable Development Goals are unique in that they call for action by all countries, poor, rich and middle-income to promote prosperity while protecting the planet. Countries recognize that ending poverty must go hand-in-hand with strategies that build economic growth and addresses a range of social needs including education, health, social protection, and job opportunities, while tackling climate change and environmental protection.
TVEL Fuel Company shares the internationally accepted initiative. We have identified the most relevant SDGs for our activities and actively support their achievement by the world community.
Nuclear fuel produced by TVEL Fuel Company is operated by NPPs that command a large part in total power balance with a tendency to increase . Prime cost of electric power generated using TVEL brand fuel may compete with other types of power plants. The most considerable advantage of NPP is the absence of emissions of aerosols and greenhouse gases in the atmosphere. Today, operating nuclear power plants annually prevent about 1.8 billion tons of emissions. This is a great contribution to the efforts combating climate change.
An important strategic direction of our activity is the development of new businesses outside FE NFC. Today, the annual revenue of TVEL Fuel Company from non-nuclear businesses is about RUB 13.5 bln. We wish to multiply it by the year 2030. This will allow to create new jobs and ensure social stability in the cities of presence. An additional impetus for economic growth comes from the creation of TASED. Developing new businesses, we operate in effective partnership with regional authorities and the local business community.
Vice-President for Communication, Administration and Energy Efficiency, Chairman of the Committee on Public Annual Reporting of TVEL JSC