The Rise of Rosatom & Russia’s Nuclear Revival

Abstract

Russia’s Rosatom State Corporation has become a major player in the global nuclear energy industry precisely at a time when many former leaders in nuclear power, such as Westinghouse and Orano (Areva), are experiencing difficulties. This study explores the trajectory Rosatom has taken since its formation, its current projects, and future potential. This necessitates an overview of Russian nuclear power’s lengthy history from its inception in the Soviet period to the present day, as well as an overview of the current situation of Rosatom’s competitors. In particular, I focus on the Build-Own-Operate model of nuclear power plant construction which is currently being pioneered at the Akkuyu Nuclear Power Plant in Southern Turkey. Through a case study of the existing Turkish-Russian energy relationship, I address a series of concerns from energy security to economic rationale from the perspectives of both Russia and the host country. I hypothesize that Build-Own-Operate will revolutionize the industry going forward and give Rosatom a further advantage over its competitors in the years to come.