On the 4th of October 2017 ROSATOM held the round-table discussion “Nuclear Power Role and Development Prospects in the World Energy Mix” as part the Russian Energy Week which has started in Moscow.
Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó, Director-General of the Nuclear Energy Agency of the Organization for Economic Cooperation and Development (OECD/NEA) William D. Magwood IV, Director General of ROSATOM Alexei Likhachev, ex-president and Director General of EdF (2009-2014) Henri Proglio attended the event. Former Minister of State for Energy (Department of Energy and Climate Change of the United Kingdom of Great Britain and Northern Ireland in 2010-2012), President of the Board of the Russian-British Chamber of Commerce, Honorable President of the British Institute of Energy Economics Charles Hendry moderated the discussion.
Speakers noted that in the world there are a huge number of factors which precondition the growth in energy consumption. The International Energy Agency (IEA) projects that by 2040 the energy demand can grow by nearly three times. In other words, there is unsatisfied huge electricity demand.
In his presentation Alexei Likhachev assumed that “these challenges can be met only by the growth and simultaneous change in the world electricity production balance”. He pointed out that nuclear power, as no other, could meet the growing demand. “Today, nuclear power are 10-20% cheaper that coal and natural gas, half cheaper that wind and sun. As to hydro, in fact, it is cheaper but is has a small development potential since there are a few rivers that are not breached with dams left. With this, unlike other types of generation, nuclear power is able to guarantee the price of produced electricity, essentially, for the entire service life of a NPP. At last, everybody understands that the future belongs to green power. Sun, wind, water and atom, while supplementing and strengthening each other, should make the notorious ‘green square’ which will become the basis for the future world carbonless mix,” he said.
In particular, the audience noted unique opportunities for international economic integration which are given by nuclear power. Alexei Likhachev stated that ROSATOM offers to colleagues from France, China and India to implement projects in third countries together. “We have offered cooperation in third countries and have started working on implementation of projects with our partners, with France, first of all. We already have such experience and recently have spent very fruitful days in France; we spoke about how to start working on projects in third countries together with French companies,” he said.
“We have made such proposals and now work with our Indian partners; we will involve them in the Bangladesh project. Chinese partners are very active in this cooperation. In this sense, we understand possible competition risks but it is most important for us that the world nuclear sector moves in a pile, as a single technological context, as a single safety context. In essence, today ROSATOM is ready to come up as the world sectoral business integrator,” the ROSATOM head said.