In a separate agreement, Rolls-Royce announced that it will collaborate with Rosatom and Finnish nuclear utility company Fortum on an initial project to assess the feasibility of introducing Russian ‘Generation III+ VVER’ nuclear reactor technology to the UK new build market.
The UK Government and Rosatom also signed a Memorandum of Understanding (MoU) to facilitate this commercial work.
Business and Energy Minister, Michael Fallon, said: “I welcome the partnership between the UK and Russia on civil nuclear cooperation. Russian and British companies already play a significant part in the global nuclear industry and are, therefore, well placed to cooperate in civil nuclear programmes in third countries for mutual commercial benefits. Both countries acknowledge the part nuclear can play in an environmentally sustainable, safe, secure and cost-effective energy mix.
“I also welcome the agreements between Rolls-Royce, Rosatom and Fortum to collaborate further on civil nuclear. This is a testament to the expertise of Rolls-Royce as a global leader in providing technology and services to the nuclear industry. Inward investment into our energy sector will depend upon all reactor technologies meeting the stringent and independent regulatory standards required in the UK and EU.”
Jason Smith, Rolls-Royce, President – Nuclear, said: “Rolls-Royce is building a strong global strategic relationship with Rosatom and I am delighted that they have decided to put their trust in us with this important work, as they look to grow their global footprint.”
Rolls-Royce and Rosatom have been working closely together since 2011, when a Memorandum of Understanding was signed between the two companies. Today’s contract will see Rolls-Royce undertake engineering and safety assessment work for Rosatom ahead of its ‘Generation III+ VVER reactor technology’ potentially entering the first step of the UK’s formal regulatory approval process, called Generic Design Assessment.