Rosenergoatom Annual Report

GENERATING
RECORDS
2014
ANNUAL REPORT
Strategy and Outlook
ALEXANDER LOKSHIN
Chairman of the Board of
Directors, Rosenergoatom
Concern OJSC, First
Deputy General Director
for Operations
Management, Rosatom
State Corporation
page 26
The priority development objectives of the Concern are safe,

efficient, and reliable operation of the operating NPPs,
increase of the nuclear generation share in the power balance
of Russia, implementation of innovative projects, entry into
the international market, and increase of efficiency.
NPP power units

under construction
oating power unit

under construction
189
bln KWh
production plan for the year 2015
Key Performance Results
page 36
14.3 15
bln KWh
additional power generation
due to VVER-type power
units capacity increase
11
years with no events

above Level 1 according
to the INES scale
NPP installed capacity share

in total capacity of Russias
UES
NPP electricity production

share in total production of
Russias UES
Power generation compared

to the FTS balance
10.9%
17.6%
107.3%
VVER-type power
units operate at
increased capacity
Corporate Governance
5.8
MAIN PRINCIPLES
OF CORPORATE
MANAGEMENT
bln rubles
economic impact of the
competitive procurement
procedures
page 124
e*$,!%&%&$#!$&,+)+,$'%*
safeguard of funds provided
)+,%#2 %"$*+&, $!*$#!$&,4+$?
e/4"&!*,*$,'$&,,%
all stockholders when they exercise their
right to take part in management.
e$#%3&!,!%&%+,,4*%*)*!3 ,+
of stakeholders.
22
546
general meetings of
shareholders held
in 2014
meetings
of the Board o
f Directors
mln rubles
remuneration of the key
managerial personnel
e!'$")&##4*,$!+#"%+4*$%
!&%*',!%&%&""+!3&!#&,$-$&,+
associated with Concern's activity.
Interaction with
Stakeholders
regions taking
part in the
Atom-Class project
page 150
Sosnovy Bor
town of Kurchatov
Novovoronezh
Zarechny
settlement
of Novy Eroglyk
Volgodonsk
16
8,000
5,000
41
Public discussions
held in the Concern
presence regions
public discussions
participants
Persons visit the Community

Information Centers
of NPPs yearly
project recognized
the winner of the socially
+!3&!#&,(*%1$#,+
competition
Contents
Key Performance Results . . . .

Business Model . . . . . . . . . . . . .
2014 Calendar of Key Events .
Business Geography . . . . . . . . .
Address by Board
of Directors Chairman . . . . . . . .
Address by General Director. . .
Concerns Awards . . . . . . . . . . .
Public Reporting Awards . . . . .
6
8
. 10
. 12
. . . . . . .
OVERVIEW
. . . . .
. . . . .
1.1.
1.2.
1.3.
15
16
. 18
. 19
. . . . . .
. . . . . .
. . . . .
. . . . .
General Information .
History . . . . . . . . . . .
Corporate Structure .
2
STRATEGY AND OUTLOOK
. . . . . . .
22
23
. 24
. . . . . . . . . . .
. . . . . . . . . . .
. . . . . . . . . .
2.1.
2.2.
2.3.
2.4.
Mission . . . . . . . . . . . . . . . . . . .
Business Model . . . . . . . . . . . .
Strategic Goals and Initiatives
Material Aspects
of Performance. . . . . . . . . . . . .
28
28
. 32
. . .
. . .
. .
. . .
34
345
CORPORATE GOVERNANCE
KEY PERFORMANCE RESULTS

Situation in Electric
Power Industry . . . . . . . . . . . .
3.2. Production Capital.
Generating Capacities . . . . . .
3.3. Ensuring Safety of Russian
NPPs. Radiation Impact on
Personnel and Citizens . . . . .
3.4. Natural Capital.
Environmental Impact . . . . . .
3.5. Developing Generating
Potential . . . . . . . . . . . . . . . . .
3.6. Financial Capital.
Performance Results . . . . . . .
3.7. Human Capital.
Labor Protection . . . . . . . . . .
3.8. Intellectual Capital.
Knowledge Preservation
and Transfer. Innovations
Management . . . . . . . . . . . . .
3.9. Social Capital and Goodwill.
Developing Areas of
Presence. Charity . . . . . . . . . .
3.10. Investments in Development
3.11. International Activities . . . . .
3.1.
Corporate Governance . . . . . . .
Concerns Corporate
Governance Structure . . . . . . .
4.2. Governance and Control
Bodies . . . . . . . . . . . . . . . . . . . .
4.3. KPI. Employee Evaluation
and Remuneration . . . . . . . . . .
4.4. Internal Control and Auditing .
4.5. Risk Management . . . . . . . . . .
4.6. Quality Management . . . . . . . .
4.7. Purchase Management . . . . . .
4.8. Property Management . . . . . . .
4.9. Information Technology . . . . . .
4.0.
. . . .
. . . .
38
42
. . . .
62
. . . .
76
. . . .
82
. . . .
86
. . . .
91
. . . 102
. . . 106
. . . 113
. . . 116
INTERACTION WITH STAKEHOLDERS
. . 126
4.1.
. . 127
. . 128
Interaction with Stakeholders

in Reporting Period . . . . . . . . .
5.2. Interaction as this Annual
Report Was Prepared . . . . . . .
5.3. Stakeholders Commission . . . .
5.4. Public Reporting System . . . . .
5.1.
. . 152
. . 156
. . 157
. . 158
. . 136
. . 138
. . 141
. . 143
. . 146
. . 147
. . 148
APPENDICES
TO THE ANNUAL REPORT .
. . . . . . . 159
Key Performance Results
N2
N1
Asset value, mln rubles
The first place among

Russian electric power
generation companies
Registered capital,
mln rubles
Net asset value,

mln rubles
1,355,827
Power generation,
bln KWh
1,059,013
671,517 671,517
177.3
936,154
2014
Labor efficiency,
thousand rubles/pers.
2012
2013
2014
Average headcount,
pers.
2012
180.5
146,230.5
2014
2012
2013
2014
Charitable contributions,
mln rubles
2012
2013
Installed capacity use

factor (ICUF), %
35,933 36,269
37,492
586
466.7
5,743.3
2012
80.9
77.9
81.6
2013
2014
EBITDA margin, %
6,753.8
6,420.3
177,270.3
154,191.0
172.2
530,012
2013
Investments in equity,
mln rubles
1,181,245
1,240,961
1,087,826
2012
The second place among

the worlds leading companies
in terms of NPP installed
capacity and operating
units quantity
44.95
44.26
2013
2014
40.66
396
2013
2014
9.2
bln rubles
labor safety expenditures
Rosenergoatom Concern OJSC
2014 Annual Report
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2.6
417.8
34.1
ln rubles
social policy expenditures
% net prot increase

in 2014
bln rubles
international orders
portfolio
www.rosenergoatom.ru
15 17.2%
years with no events
above Level 1 according
to the INES scale
Revenue, mln rubles
Net profit, mln rubles

9,238
232,857
NPP share in Russias

energy balance
1. In 2014, 8,632 mln rubles

were transferred to Atomenergoprom JSC a responsible
participant in the consolidated
group of taxpayers (CGT) for the
purpose of prot tax payment
(5,601 mln rubles in 2013).
Taxes paid, mln rubles, including:1

21,094
253,215
3,609
200,526
18,274
182
2,211
4,280
11,043
13,572
2012
2013
2014
Gross profit, mln rubles
-1,849
2012
2013
189
6,867
3,991
2014
Total volume of profit

tax payments accrued,
mln rubles
204
6,967
105,607
96,309
9,325
6,938
6,254
76,115
4,801
5,351
Personal income tax
local budgets
Budgets of constituent entities of
the Russian Federation
Federal budget
2,411
2012
2013
2014
2012
2013
2014
2012
2013
2014
180.5
107.3 106.6 189
bln KWh power generation

in 2014
% FTS balance fulllment
% total value of the KPI

fulllment in 2014
bln KWh
power generation
plan for 2015
Business Model*
Resources
Key business processes
PRODUCTION AND INNOVATIVE CAPITAL
33
10
25.2
Units
NPPs
GW Installed capacity
11.9
KEY PROCESSES
Operation of existing
NPPs
118.3
Procurement
bln rubles incl. VAT
procedures totaling
Construction management
of new NPP units
FINANCIAL CAPITAL (BLN RUBLES)
232.9
2.211
476.7
Revenue
in 2013
Net prot
in 2013
Investments
in equity
for 3 years
Sale of electrical
and thermal power
Service of NPPs
designed in Russia abroad
HUMAN CAPITAL
DEVELOPMENT PROCESSES
37,492
Persons headcount
SOCIAL AND NATURAL CAPITAL
11
200
Geographical
regions
of operations
Ha Area of NPPs with VVER-type

high capacity units

2014 Annual Report
Organization/performance
of R&D work
Modernization
of existing NPPs
Development of
international activity
* For the detailed business model

description see Page 25
Value Creation. Results of 2014

PRODUCTION AND INNOVATIVE CAPITAL
180.5
81.6%
Bln KWh
generation
ICUF
17.2%
Share in Russias
energy balance
FINANCIAL CAPITAL (BLN RUBLES)
253.2
9.2
18.3
Revenue
Net prot
Taxes paid
HUMAN CAPITAL
4.9
6.7
Mln hours
employees
training
Mln rubles/pers
labor efciency
SOCIAL AND NATURAL CAPITAL
-5.9%
Atmospheric
emissions
reduction
0.4
Bln rubles
Investments
in communities
10
JUNE
AUGUST
OCTOBER
27.06
07.08
The contract extending

the operation term for
the 5th power unit to
60 years was executed
between the consortium of Rosenergoatom
Concern OJSC Rusatom Service CJSC
EDF, and the Kozloduy
NPP.
The Ninth In
International Scient
Scientic and
Scie
Technical
hnical Co
Conference
Safety, Efciency, and
Economics o
of NucleIndustry
ar Power Ind
(MNTK-2014)
(MNTK-201
01 organized by the
h Concern
took place in Moscow.

2014 Annual Report
Commencem
Commence
Commencement of
work on brin
bringing the
BN-800 rea
reactor of the
new power u
unit No. 4
of the Beloy
Beloyarsk NPP
lowest capacity
to the lowes
level.
Rosenergoa
Rosenergoatom Concern was rec
recognized
as the best ttechnical
supervisor sservice of
Rosatom St
State Corporation in 20
2014.
Rostekhnad
Rostekhna
Rostekhnadzor granted
the license ffor an
additional o
operating
period off 25 years for
power unit N
No. 4 of the
Kola NPP.
08.10
MAY
21-23.04
2014 Calendar
of Key Events
11
More detailed information

on the key events may be
found in the interactive version
of the Report
In the night between

the 21 and 22 of December Rus
Russian NPPs
followed thr
through with
the target in
indicator of
State CorpoRosatom St
ration havin
having
vin generated 175
5 bl
bln KWh of
electrical po
power.
27.12
The annual task of

the FTS of R
Russia
on power ge
generation
(168.3 bln
ln K
KWh) was
completed aahead of
sche
schedule
21-22.12
Memorandum of Cooperation was signed

between the AAP NP
Fund and the Hungarian Association of
Social Inspection and
Information (TEIT).
11.12
DECEMBER
Power unit N
No. 3 of
the Rostov N
NPP was
included in tthe Russian
unied ener
energy
ner system.
For the rst time ever

in the nuclear power
industry Russian NPPs
achieved a record
aggregate capacity of
over 26.4 GW (with the
NPP installed capacity
of 25.2 GW).
12
Business
Geography
KOLA NPP
LENINGRAD NPP
KALININ NPP
SMOLENSK NPP
KURSK NPP
NOVOVORONEZH NPP
BELOYARSK NPP
ROSTOV NPP
25.2
2014 Annual Report
BALAKOVO NPP
installed
capacity
GW
13
Active NPP
Active units
BILIBINO NPP
2.5%
Beloyarsk NPP
0.12%
Bilibino NPP
5.7%
Kola NPP
16.5%
7.3%
Balakovo NPP
Novovoronezh NPP
8.7%
Rostov NPP
Generated in
2014 vs all
electric power of
the Concern
16.2%
Kursk NPP
13.1%
Smolensk NPP
15.7%
Kalinin NPP
14.1%
Leningrad NPP
180.5
of electric power
generated in 2014
BLN kWh
15
Address by Board
of Directors Chairman
clearly demonstrated the need for strengthening
of the responsible function of the Concern as the
NPP power units construction customer and for
strict control over compliance with the established
timeline for start-up of new power units.
AMONG THE CONCERNS ACHIEVEMENTS THE RECORD INDICATOR OF ELECTRIC POWER GENERATION,
WHICH IN 2014 EXCEEDED THE BALANCE VALUE
APPROVED BY THE FEDERAL TARIFF SERVICE, AND
THE TARGET LEVEL OF ROSATOM STATE CORPORATION. WE EXPECT THE CONCERN TO ACHIEVE YET
ANOTHER RECORD IN TERMS OF POWER GENERATION IN 2015.
Dear colleagues,
The year 2014 was not easy for the Concern.
Power start-up of the 3rd power unit of the
Rostov NPP completed ahead of schedule became one of the most important events for the
entire nuclear industry. This achievement was
recognized at the annual competition Rosatoms Person of the Year where a joint team of
the Concern and NIAEP-ASE received the rst
award in the nomination Victory of the Year for
early power start-up of the 3rd power unit of the
Rostov NPP.
At the same time postponement of start-up of the
4th power unit of the Beloyarsk NPP and the 6th
power unit of the Novovoronezh NPP for 2015
The strategy of the Concern as an electric power

branch of Rosatom State Corporation is traditionally based on the strategic goals and objectives
of the Corporation. Pursuant to this strategy, the
priority development objectives of the Concern
are safe, efcient, and reliable operation of the
functioning NPPs, increase of the nuclear generation share in the power balance of Russia,
implementation of innovative projects, entry into
the international market, and general increase of
efciency.
Every year the Concern performs increasingly ambitious tasks set by the state and Rosatom State
Corporation thus conrming its leading position in
the market in the era of erce competition. I hope
that despite all the hardships Rosenergoatom will
successfully continue to perform a demanding
task of ensuring Russias energy security.
Alexander Lokshin,
Chairman of the Board of Directors, Rosenergoatom Concern OJ SC, First Deputy General Director
for Operations Management, Rosatom State
Corporation
16
Address
by General Director
of electricity production. In 2014 the Concern
achieved the record output of 180.5 bln kWh
which amounts to 104.8% of the production in
the previous year. The balance of the Federal
Tariff Service was fullled by 107.3%.
Dear Sirs and Madams,

I am pleased to present you the seventh integrated Rosenergoatom Concern Annual Report
describing the main results of operations in the
year 2014. The report covers nancial, production, social, and environmental aspects of the
Concerns activity and has been put together by
a big team of technical specialists and managers
in accordance with the best practices and best
Russian and international reporting standards.
For several years in a row the Concern has been
holding a leading position among the largest
Russian energy companies in terms of volumes

2014 Annual Report
Optimization of the repair campaign, reduction of

timelines for scheduled repairs, work on recovery of graphite stack resource characteristics in
RBMK reactors, and operation of generating power units of the VVER type at increased capacity
(104% of the nominal) made the most important
contribution to exceeding the FTS balance. In
general terms the 2014 repair campaign was carried out on a higher level as compared to 2013.
The aggregate reduction of repair timelines of
generating power units in 2014 amounted to
158.5 days (in 2013 the planned duration of repairs was exceeded by 25.8 days). The program
for resource characteristics recovery of generating power units of RBMK reactors was implemented successfully. In 2014 the operations on
generating power units No. 2 of the Kursk NPP
and No. 2 of the Leningrad NPP were completed.
Both repairs were performed in accordance with
duration target values within 180 days.
THE LAUNCH OF THE GENERATING POWER UNIT
NO. 3 OF THE ROSTOV NPP BECAME ONE OF THE
PRINCIPAL ACHIEVEMENTS OF THE YEAR FOR THE
ENTIRE RUSSIAN NUCLEAR INDUSTRY. THE EVENT
TOOK PLACE ON DECEMBER 27, 2014 AND BECAME
TWICE AS VALUABLE FOR THE CONCERN WHICH IS
AN ORDERING CUSTOMER OF NEW GENERATING
POWER UNITS BECAUSE THE LAUNCH WAS INITIALLY SCHEDULED FOR 2015.
17
One of the challenges of our construction sites

lies in increasing efforts in order to ensure a safe
work environment and reduce the injury rate. Although the overall injury rate at the Concern is the
lowest in the nuclear industry, construction sites
of our subcontractors leave room for improvement. We are well aware of it and are implementing integrated system of labor protection which
brings along actual results.
I am sure that the Concern will make every effort

to complete the ambitious goals set by Rosatom
State Corporation and the state, and this work will
contribute to the further development of our competitive advantages both in domestic and international markets. We are condent that our work on
increasing labor efciency to the level of the best
international practices will help us achieve the
goals. Guided by the principles of responsibility,
professionalism, and mutual trustin general and
in our interaction with the stakeholders, we will
be able to ensure sustainable development of the
Concern in the long-term perspective.
158.5
days total reduction
of power units scheduled repair time in
2014
The Concern conrms its reputation as a socially

responsible company. In 2014 the Concern spent
2.6 bln rubles on its social policy. Yet another
record was achieved in construction of housing
for our employees 870 apartments were put
into service. The Neptun swimming pool was put
into service in the city of Zarechny (Sverdlovsk
Oblast), a stadium and a sports complex became
operational in the city of Novovoronezh where the
rst All-Russian Rural Sports Games were held.
Striving to diversify the business, the Concern
continues mastering new lines of development,
including the global market. We have become an
active player in the sales market: in the reporting
period AtomEnergoSbyt has won competitive
tenders and received the status of a guaranteed
supplier in four regions Kursk, Smolensk, Tver,
and Murmansk Oblast. We keep on working to
make sure our subsidiary Rusatom Service can
efciently enter the global markets.
THE SUCCESSFUL RESULTS OF THE YEAR 2014
WOULD BE IMPOSSIBLE WITHOUT A HIGHLY PROFESSIONAL TEAM OF THE CONCERN. WE AIM TO
MAINTAIN AND INCREASE THE ACHIEVED RATE OF
DEVELOPMENT. WE HAVE SET OURSELVES A CHALLENGING TASK TO PRODUCE MORE THAN 189 BLN
KWH OF ELECTRICITY IN 2015.
Yevgeny Romanov,
General Director
of Rosenergoatom Concern OJSC
18
Concerns Awards
1st place in the Generating Companies: Market Efciency rating,

compiled by Market
Council Non-Commercial Partnership basing
on the results of 2014.
The winner of the

11th Anniversary
V.I. Vernadsky National Environmental
Award Contest in the
nomination Energy
Industry of the Future:
Developing New
Energy Sources and
Increasing Efciency of
Renewable Sources of
Energy for the project
Implementation System of Environmental
Policy of Rosenergoatom Concern OJSC and
Its Branches
Best Technical Supervisor Service of Rosatom State Corporation

2014.
The Russian Federation

Government science
and technology prize
for 2014 to the team of
the Concerns specialists
who have resolved an
unprecedented task of
resource characteristics
recovery of the graphite
stack of RBMK reactors.
eco
2014 Annual Report
19
Public Reporting
Awards
Diploma for active

participation in the 1st
All-Russia Exhibition
of Sustainable Development Reports.
Five-time winner of the

international MarCom
Awards 2014: Platinum Award winner
in the nominations
Annual Report on Corporate Social Responsibility and Electronic
Communications/
Electronic Annual
Report, Gold Award
winner in the nominations Annual Report
and Annual Report
of the Corporation.
Honorable Mention in
the nomination Text/
Annual Report.
Nominee of the Annual

Reports Competition
organized by Expert-RA rating agency
in the nomination Best
Interactive Annual
Report.
1st place in the

nomination Best
Electronic/Interactive
Annual Report, 2nd
place in the nominations Best Level of
Information Disclosure
in Annual Report and
Best System of Public
Reporting, 3rd place in
the nomination Best
Public Annual Report
of the 6th Public
Reporting Competition
among organizations
of Rosatom State
Corporation.
5 4
awards won at
MarComAwards
2014
awards won at the

6th Public Reporting Competition
among organizations of Rosatom
State Corporation
3rd place in the corporate transparency

rating among the largest Russian companies
basing on the results of
the year 2013 prepared by the Russian
Regional Network for
Integrated Reporting.
1. OVERVIEW
The Concern holds a leading

position among the largest
Russian generating companies
in terms of volumes of electricity
production. In 2014 the Concern
achieved the record output of
BLN KWH
22
1.1.
General
Information
Rosenergoatom Concern OJSC is one of the

largest electric power generation companies in
Russia, and Russias only nuclear plant operator
The Concern has integrated, as branch companies, active nuclear plants, directorates of nuclear
plants under construction and the Facilities
Construction Directorate, Science-Research
Center for Emergency Response at NPPs, Science
and Engineering Center, Pilot and Demonstration
Engineering Center for Decommissioning, Engineering Design Branch Ofce, Technology Branch
Ofce, Resource-Bulgaria Historical Perspective
Fund, and Directorate for Construction and Operation of Floating Thermal Nuclear Power Plants
(see Section 1.3). The Concern also maintains its
representative ofce in the Peoples Republic of
China.
The Concerns main occupation is generation of
electrical and thermal energy at its nuclear plants,
as well as management of nuclear plants, sources of radiation, nuclear material and radioactive
substance storage sites pursuant to the procedure set forth by the legislation of the Russian
Federation.
THE CONCERN HAS JOINED THE FOLLOWING

CHARTERS AND INITIATIVES AND IS A
MEMBER OF THE FOLLOWING ASSOCIATIONS
Pursuant to the resolution of the general meeting of the Concern on July 17, 2014 (Minutes
No. 8), the Concern jointly with TVEL JSC, Science
and Innovations CJSC, Russian Nuclear Society Non-Governmental Organization, and the
Association of Institutions of Higher Education
Consortium of Supportive Institutions of Higher
Education of Rosatom State Corporation took
part in setting up the association National Nuclear
Innovation Consortium. The association is aimed
at promoting expert community of the organizations which form Rosatom State Corporation
and specialized institutions of higher education,
accrediting educational programs, setting up a
nal prociency examination of educated young
professionals prior to their employment in the
industry (qualication approval), and monitoring
by industry organizations of young specialists
education quality.
The stockholders of Rosenergoatom Concern

OJSC are Atomenergoprom JSC (96.9907%) and
Rosatom State Corporation (3.0093%).

2014 Annual Report
23
1.2.
History
1992
2001
State-owned enterprise Russian State Concern

for Production of Electric and Thermal Energy at
Nuclear Power Plants Open Joint-Stock Company (Rosenergoatom Concern OJSC State-Owned
Enterprise) was established by Presidential
Decree No. 1055 of September 7, 1992 On
Operating Entity of Nuclear Plants of the Russian
Federation.
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 efciency of 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.
The Decree ruled that Rosenergoatom Concern

State-Owned Enterprise (SOE) was a stateowned enterprise that independently and through
outsourcing was engaged in all stages of the life
cycle of nuclear plants, regarding the selection of
construction sites, project design, construction,
commissioning, operation, decommissioning, and
other operating functions.
Apart from its functions as an operator, this entity

was able to act independently in the power market and sell power generated by the nuclear plants
to solvent users.
The same Decree ruled that the assets of nuclear

plants which at that moment were in operation,
under construction, in project design phase, or
abandoned, were owned by the Federal Government and assigned to Rosenergoatom Concern
SOE, who was fully in charge and in 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.
1. Overview
2007
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.
2008
During the 1990s one of the main tasks facing

Rosenergoatom Concern SOE was to overcome
the transition difculties and, rst and foremost,
to resolve the problem of non-payments for the
energy supplied by NPPs.
By Directive No. 1235-r of the Federal Agency for

State Property Management of August 11, 2008,
Rosenergoatom Concern FSUE was reorganized
into Energoatom Concern OJSC, which surrendered
100% of its stocks to Atomenergoprom JSC.
2. Strategy
and Outlook
4. Corporate
Governance
3. Key Performance
Results
5. Interaction
with Stakeholders
24
2009
for Production of Electric and Thermal Energy at

Nuclear Power Plants (Rosenergoatom Concern
OJSC).
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 modications into the Concerns Articles of Incorporation related to its new name: Russian Concern
1.3.
2011
In 2011 Rosatom State Corporation became
another stockholder of Rosenergoatom Concern
OJSC, together with Atomenergoprom JSC.
Corporate Structure
CENTRAL ADMINISTRATION OF ROSENERGOATOM CONCERN OJSC
AFFILIATES NPPS
IN OPERATION
AFFILIATES
AFFILIATES
DIRECTORATES
OF NUCLEAR
PLANTS UNDER
CONSTRUCTION
REPRESENTATIVE
OFFICE
Balakovo NPP
Science-Research Center
for Emergency Response
at NPPs
Directorate of Leningrad NPP-2 (under

construction)
Directorate for Construction and Operation of

Floating Thermal Nuclear
Power Plants
Directorate of Baltic NPP

(under construction)
Russian Representative
Office in Lianyungang
(Peoples Republic of
China)
1 2 3 4
Bilibino NPP
Beloyarsk NPP
Kalinin NPP
Kola NPP
Kursk NPP
Leningrad NPP
Engineering Design Branch

Ofce
Novovoronezh NPP
Technology Branch Ofce
Rostov NPP
Resource-Bulgaria HPF
Smolensk NPP
Science and Engineering

Center
Pilot and Demonstration
Engineering Center for
Decommissioning
* Under liquidation

2014 Annual Report
Facilities Construction
Directorate
Directorate of Kursk
NPP-2 (under
construction)
Directorate of Nizhny
Novgorod NPP (under
construction)
Directorate of Voronezh
NPP (under construction)
Directorate of Kostroma
NPP (under construction)
Directorate of Bashkiria
NPP (under construction)*
25
^
Balakovo NPP
CONCERN CONSOLIDATION PERIMETER1

ROSENERGOATOM CONCERN OJSC
The main activity of the Concern is production of
electricity and heat by nuclear plants and management of nuclear plants, radioactive sources, nuclear
material, and radioactive substance storage sites
pursuant to the procedure set forth by the legislation of the Russian Federation.
ATOMENERGOREMONT JSC
Maintenance, repair, and modernization of
equipment of nuclear plants, including design and
technology, repair, and assembly operations.
ATOMENERGOSBYT JSC
Supply of electricity to consumers in Kursk, Tver,
Smolensk, and Murmansk Oblast as a guaranteed
supplier. Sale of additional goods and services as
part of AtomEnergoSbyt JSC product line development. A sole executive body of the subsidiaries
and afliates of Atomenergopromsbyt JSC, AtomTeploSbyt LLC. An independent power supply
company, including power supply to companies
of Rosatom State Corporation from the wholesale
market of electrical power and capacity (Order of
Rosatom State Corporation No. 701 of October 8,
2009).
1. The list of subsidiaries

and affiliates is provided in
Appendix 2 Banking Details
and Contact Information.
1. Overview
and systems, engineering operations on technical

support of active power units of Russian and foreign
NPPs, and training of NPP personnel.
VNIIAES JSC
Research and technology support, operations
support of Concerns NPPs: dealing with issues
of NPPs operations, increase of efciency,
extension of the operation term, safety and cost
effectiveness of NPPs, development of technical
requirements and concepts of new NPPs with
VVER reactors. Design, system integration, and
supply of automated process control system complexes for the NPPs that are operating or under
construction, as well as development and supply
of simulators.
VPO ZAES JSC
Organization and provision of services on manufacture quality control and acceptance of equipment and nuclear fuel for companies of Rosatom
State Corporation, Rosenergoatom Concern OJSC,
and foreign customers; expert appraisal of design
and process control documentation of nuclear installations and storage sites of nuclear materials
and radioactive substances.
ATOMTEKHENERGO JSC
Organization, management, and actual commissioning of NPPs, including all types of start-up
and adjustment operations for all NPP equipment
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
2. STRATEGY
AND OUTLOOK
Nuclear power generation

efciency improvement in the
Russian Federation, nuclear
fuel cycle closure, international
expansion are the Concerns
strategic development objectives.
An ambitious goal for electric
power production in 2015 is
BLN KWH
28
2.1.
Mission
Rosenergoatom Concern OJSC sees its mission as

supplying consumers with electrical and thermal
power produced by the Concern NPPs, with guaranteed safety as its top business priority.
The Concerns core values are energy security and
economic development of Russia, protection and
safety of people, and environmental protection.
The Concern implements the following principles
during its main activity of NPPs operation:
federal standards and security rules, compliance with institutional standards;

economic efciency of electrical and thermal
energy production at NPPs;
safety culture improvement.
As a corporate operator, the Concern is fully
responsible for ensuring nuclear and radiation
safety at all stages of the NPPs life cycle: location, design, construction, operation, and decommissioning of NPPs.
ensuring nuclear, radiation, technical re,

and environmental safety, as well as labor
protection;
unconditional compliance with the legislation
of the Russian Federation, compliance with the
2.2.
Business Model
The business model contains the general description of the Concerns internal and external
processes and is provided as a transformation of
input resources to tangible and marketable results
(cost for stockholders, products, and services).
The Concerns business processes include two
main areas:
The business model reects processes and resources participating in the value chain.
The Concerns value chain forms part of Rosatom
State Corporation common industry processes
organized in accordance with fuel and equipment
life cycles.
1. Main processes.
2. Development processes.

2014 Annual Report
29
KEY PARTNERS
AND RESOURCES
PROCESSES AND ASSETS
PRODUCTS, SALES CHANNELS,

AND CONSUMERS
KEY PARTNERS
KEY PROCESSES
PRODUCTS
Construction, assembly,
and repair organizations
and enterprises;
Supplier of nuclear fuel,
and plants involved in spent
nuclear fuel;
Suppliers of systems and
equipment;
Design organizations;
Engineering departments;
Research and development
centers.
Operation of existing NPPs;

Construction management of new
NPP units;
Sale of electrical and thermal power;
Service of NPPs designed in Russia
abroad.
Electrical and thermal power;

Services.
SALES CHANNELS
Wholesale market
for electricity and power;
AtomEnergoSbyt OJSC;
Regional market for thermal power;
Rusatom Service CJSC.
Organization/performance
of R&D work;
Modernization of existing NPPs;
Development of international activity.
CONSUMERS
RESOURCES
MAIN ASSETS
Financial;
Human;
Natural.
33 units with total installed capacity

of 25.2 GW;
Intellectual Property.
Major industrial enterprises;

Guaranteed suppliers;
Energy supply companies;
End consumers.
KEY PARTNERS AND RESOURCES
SUPPLIERS OF SYSTEMS AND EQUIPMENT
CONSTRUCTION, ASSEMBLY, AND REPAIR

ORGANIZATIONS AND ENTERPRISES
First of all these are the companies manufacturing equipment and management and control
systems for the NPPs, as well as third party
suppliers of materials and services which help the
Concern to obtain materials and services from the
open market.
Organizations and enterprises providing services

for the Concern during construction and operation
of the NPPs.
SUPPLIERS OF NUCLEAR FUEL AND PLANTS
THAT SPECIALIZE IN SPENT NUCLEAR FUEL
REGENERATION
Companies supplying reactor fuel assemblies
(FAs) to the NPPs and accepting spent nuclear
fuel for storage and reprocessing.
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
DESIGN ORGANIZATIONS
Design institutions involved in the development
of preliminary and detailed design documentation
for the NPPs scheduled for construction.
4. Corporate
Governance
5. Interaction
with Stakeholders
30
ENGINEERING DEPARTMENTS
KEY PROCESSES
Industry companies that deal with engineering

reactor plants for new NPP power units, auxiliary
equipment, and its components.
OPERATION OF EXISTING NPPS
RESEARCH AND DEVELOPMENT CENTERS

Research, development, design, and engineering
organizations of nuclear power industry providing
research and technical support to nuclear power
plants and striving to increase reliability, safety,
and economic efciency of NPP power units. This
work also includes developing intelligent systems,
software and hardware complexes, simulators,
automated process control system complexes,
NPP technical diagnostics, and virtual modeling
systems for new projects.
FINANCIAL
Revenues from the federal budget, incomes from
the wholesale market for electricity and power,
credit resources from banks and nancial institutions necessary for carrying out nancial and
economic activity.
HUMAN
The Concern uses the open labor market to
select labor resources with required competence.
However, specialized skillsets absent in the open
market are formed by the Concern in-house.
NATURAL
Mainly water resources required for electrical
power and heat production process at NPPs,
as well as land plots for new NPP power units
construction.
The Concern strives to further reduce the environmental impact of its activity.

2014 Annual Report
Management of equipment, nuclear fuel, and the

operating process to produce electrical power and
heat for sale.
NEW NPP POWER UNITS CONSTRUCTION
MANAGEMENT
Formation of the Concerns xed productive assets and infrastructure from the investment plan
to delivery of a nished asset for operation.
ELECTRICAL AND THERMAL POWER SALE
Electrical power sale in the Electrical Power (Capacity) Wholesale Market (ECWM) and directly to
end consumers of electricity and heat.
Organization/performance of R&D work by the
Concern aimed at resolving long-term tasks of the
Concerns production and technical research activity to the extent of modernization of NPP power
unit design and construction processes, increase
of service life of main equipment, implementation
of new materials and processes, and development
of new reactor units.
MODERNIZATION OF EXISTING NPPS
Activity aimed at increasing operating performance of NPPs, subject to unconditional safety at
all stages of their life cycle.
DEVELOPMENT OF INTERNATIONAL ACTIVITY
CONSISTS OF FIVE MAIN BLOCKS:
Marketing collection and analysis of information
to determine parameters of effective demand,
desired commodity (consumer) properties, target
markets and consumers, and promotional channels.
31
Service development the Concerns activity on

forming a line of services with required consumer
properties, approaches to pricing and interaction
with target clients.
After-sale service includes reclamation processing and provision of paid and free additional
services to ensure competitive performance as
part of long-term interactions with consumers.
Sales and contracting corresponds to activity

on service promotion, consumer search, and interaction with consumers up to signing a contract.
PRODUCTS, SALES CHANNELS, AND

CONSUMERS. VALUE CREATION FOR
STAKEHOLDERS
Production (provision) of services performance

of contractual obligations up to accepting the
provided services and receiving the payment.
The Concern uses sales channels for sale of

products (electrical power and heat) and services
to consumers.
CONCERNS KEY PARTNERS

NIAEP JSC
The focus of the NIAEP OJSC Atomstroyexport CJSC (ASE CJSC) united company is facility design
and construction project management. The portfolio of implemented projects comprises of more than
20 power units under construction or simultaneously designed power units in Russia and abroad.
ATOMPROEKT JSC
The only company in Russia designing NPPs with various types of nuclear reactors: VVER, BN, and
RBMK, as well as thermal power facilities.
Atomenergoproekt JSC Engineering company, general designer and general contractor of the Novovoronezh NPP-2, general
contractor of the Leningrad NPP-2, and general contractor of the Smolensk NPP-2.
TVEL JSC
TVEL fuel company supplies nuclear fuel to the entire Russian market for power and research reactors,
as well as for power units of nuclear icebreaker eet.
GHK FSUE
Areas of interaction:
Site preparation and design support during creation of the facilities producing mixed uranium plutonium oxide fuel (MOX) for fast breeder reactors;
VVER-1000 and RBMK-1000 spent nuclear fuel management;
Industrial production of MOX fuel;
Creation of an experimental test center for reprocessing of spent nuclear fuel and a process complex for nuclear fuel cycle closure;
Research and development work.
PO Mayak FSUE
1. Overview
Reprocessing of spent nuclear fuel of nuclear reactors.
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
32
2.3.
Strategic Goals
and Initiatives
The Concerns strategy is part and parcel of the

business strategy of Rosatom State Corporation
and is based on provisions of Russian Energy
Strategy up to 2030.
Efciency improvement of nuclear generation in

the Russian Federation, closure of the nuclear
fuel cycle, and international expansion, servicing
of VVER power units abroad, comprise the main
areas of the Concerns strategic development.
CONCERNS STRATEGIC GOALS AND OBJECTIVES

AND THEIR CONNECTION WITH STRATEGIC GOALS OF ROSATOM
STATE CORPORATION
Strategic goals of Rosatom
State Corporation
Strategic goals
of the Concern
Strategic objectives
of the Concern
Contribution
in 2014
Ensuring nuclear radiation

safety, legacy issues solving
Ensuring safe, efficient, and reliable operation

of existing NPPs, nuclear and radiation safety
of facilities which use nuclear power, protection
of personnel, population, and environment
A set of measures on safe and sustainable work of operating

NPP power units (OBURDE) (modernization of NPP systems
and equipment aimed at safe, reliable, and sustainable work
of NPPs, Program for Recovery of Resource Characteristics of
RBMK power units).
See Section 3.3
Providing electricity to the

national economy
Increasing electrical power generation while

ensuring a necessary safety level
Generating electrical power while ensuring a necessary safety

level
Generation (+4.8% vs 2013)
Technology leadership
Closure of nuclear fuel cycle at the power units

with BN-800, BN-1200, and VVER-TOI with
mixed uranium plutonium fuel
Implementation of the R&D Program
See Section 3.8
Construction of NPP power units with fast breeder reactors

operating in the nuclear energy system with a closed nuclear
fuel cycle
Construction of NPPs based on the VVER-TOI project
Scale
Global operation
Implementation of projects on construction of

NPP power units with low and medium capacity
Project development for medium capacity power units
Increasing the share of nuclear generation

due to NPP installed capacity growth, and
generation of nuclear power while ensuring a
necessary safety level
Implementation of projects on NPP construction (9 NPP

power units and 1 floating power unit are currently under
construction)
Development of international activity
Construction of NPPs abroad according to the BOO rule (Build

Own Operate)
See Section 3.8
Project development for low capacity power units

Power unit No. 3 of the Rostov
NPP start-up in December
2014
Location and design of new NPPs

See Section 3.11
Servicing Russian-designed NPPs abroad, including

maintenance, repair, modernization, preparing of
documentation, and personnel training
Improving energy sales abroad

2014 Annual Report
33
Strategic goals of Rosatom

State Corporation
Strategic goals
of the Concern
Product competitiveness
Increasing NPPs operating efficiency
Strategic objectives
of the Concern
Contribution
in 2014
Increasing the capacity of operating VVER-1000 power units
See Section 3.2
Switching VVER-1000 power units to 18-month fuel cycle

Extending the service life of currently operating NPP power
units which have exhausted their design service life
Increasing the efficiency of repair campaigns
Increasing the efficiency of fuel use
Reducing the expenditures on operating activity and cost
management
Preparation of the NPPs based on the VVER-TOI project for
construction
Increasing efficiency of design and capital
construction of NPPs
Increasing the capacity of operating VVER-1000 power units
See Section 3.5
Switching VVER-1000 power units to 18-month fuel cycle

Extending the service life of currently operating NPP power
units which have exhausted their design service life
Increasing the efficiency of repair campaigns
Increasing the efficiency of fuel use
Reducing the expenditures on operating activity and cost
management
Preparation of the NPPs based on the VVER-TOI project for
construction
Increasing the efficiency of the capital construction
management system
Increasing the procurement efficiency through consolidation
of procurement volumes, efficient resource management, and
logistics optimization
Preparation for serial and continuous construction under
VVER-TOI project (Kursk NPP-2 and other sites)
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
34
2.4.
Material Aspects of
Performance
G4-18, G4-19, G4-20,

G4-21, G4-22, G4-23
When preparing the Annual Report concept under

the GRI G4 Public Reporting Guidelines, representatives of stakeholders and top management of the
Concern took part in a 2013 survey to identify material aspects of the Concerns performance and the
subsequent disclosure of these aspects in the Annual Report.
Based on the survey and with due regard to the

reporting principles used to determine the content
of the report and in accordance with the public
reporting standard, as well as with the Rules of
Preparing the Public Annual Report of the Concern, the concept of the Concerns Annual Report
was developed and approved determining the
content and material aspects of activity subject to
disclosure in the report.
the aspects importance were determined basing

on the ranking map and taking into account the
opinion of the Concerns top management.
The description of impact boundaries for the aspects are provided in the Concerns annual report
for 2013 (pages 36-37). All material aspects are
important for the organization within the report
perimeter. There are no specic limits regarding
aspect boundaries within the organization. All
aspect boundaries outside the organization are
immaterial, except for the matters of suppliers
occupational injury rate.
There is no redenition of the indicators provided
in the previous reports. All provided data correlates with the previous reports. The Emissions
aspect has been deemed immaterial because
NPP emission values are situated close to the low
limit of indicator measurement. The ranking map
of importance of various aspects of activity is
provided in the Concerns annual report for 2013
(Page 35).
Ranking map was updated following the discussion of the concept as part of the rst dialog with
stakeholders. The ratio of importance for each aspect was determined as a ratio of the number of
voters in favor of such aspect to the total amount
of persons surveyed. Thus the ratio threshold was
0.5. We decided to consider material all aspects
included in the blue and yellow areas of the ranking map. The aspects recognized as material are
specied in the ranking map below (yellow and
blue areas of the diagram). The aspects included
in the white area of the diagram were recognized
as immaterial at this point. The boundaries of
32
signicant aspects are
provided in the Report

2014 Annual Report
35
Ranking Map of Signicant Aspects of Activity

Influence on evaluation and decisions of stakeholders
G4-18, G4-19,
G4-20, G4-21,
G4-22, G4-23
1.0
1
46
10
17
21
Material aspects
47
3
37
44
32 28
9
21
45 53
24
34
0.5
25
22
27
41 31
23
27
29
49
33
43 30
38
50
19
18
35
Immaterial aspects
12
15
14
13
16
40 48 35 39
53
0
11
42 26 35
51 52
20
0.5
1.0
Significant economic, environmental, and social influences
1.
Safe operation of NPPs*
2.
Economic performance
3.
Occupational health
problems and safety
4.
Training and drilling of

Employees
** the aspect is disclosed by

the Concern.
1. Overview
30. Evaluation of suppliers

labor relation practices
41. Diversication and equal

opportunities
17. Social policy
31. Procedures for submitting

complaints on labor relation practices
42. Equal wages for men and

women
18. Conformance to requirements (society)

19. Consumer health and
safety
32. Investments
33. Non-discrimination
5.
Approaches to safety
6.
Reliability of electrical power supplies to

consumers*
20. Conformance to requirements (products)
34. Freedom of associations

and collective bargaining
21. Rights of local population
7.
Emissions
22. Water**

respect for human rights
8.
Conformance to requirements (ecology)
23. Countering unfair

competition
9.
Anti-corruption
24. Marketing communications
10. Public acceptance*
* specific aspects of the

Concerns activity,
16. Relations between employees and management
25. Indirect economic impacts
11. Presence in the market
26. Materials
12. Energy
27. Products and services
13. Industrial waste and waste

waters
28. General impacts (ecology)
14. Procurement practice

15. Occupation
2. Strategy
and Outlook

complaints on environmental problems
3. Key Performance
Results

complaints on violation of
human rights

impact on society
44. Interaction with state
supervision agencies
and non-governmental
organizations*
45. Product selling prices*
46. Company openness*
47. Social responsibility*
48. Biodiversity
37. Local communities
49. Transport

complaints on social
impacts
50. Child labor
39. Protection of consumers

personal information
51. Compulsory labor

52. Product marking
53. Evaluation (human rights)
40. Environmental evaluation

of suppliers
4. Corporate
Governance
5. Interaction
with Stakeholders
3. KEY PERFORMANCE
RESULTS

is one of the worlds largest electric power industry companies
and Russias only organization
primarily focused on operation
of nuclear power plants. There
are no events above Level 1
according to the INES scale
YEARS
38
Situation in Electric
Power Industry
3.1.
Rosenergoatom Concern OJSC is one of the largest companies of the electric power industry in the
world and the only organization in Russia mainly
acting as an operator of nuclear power plants.
ELECTRIC POWER
AND CAPACITY MARKET
After 2014 the installed capacity of electric power plants of the Unied Energy System (UES) of
Russia has increased by 2.6% and amounted to
232.45 GW as of January 1, 2015.
On December 27, 2014 the turbo generator

of 3rd power unit of the Rostov NPP with the
installed capacity of 1,000 MW was synchronized
with the energy system. On February 2, 2014 the
BN-800 reactor at the power unit No. 4 (under
construction) of the Beloyarsk NPP was physically
launched. This is a non-serial type of fast breeder
reactor with sodium cooling.
In terms of installed capacity of the NPPs and
the amount of operating power units the Concern
holds the 2nd place in the world among leading
global companies operating NPPs (1st place
EDF, France).
25.2
The total installed capacity of the Concerns
nuclear power plants is 25.2 GW which made
10.86% of the total capacity of the UES of Russia in 2014. New capacity introduced at electric
power plants of the UES of Russia in 2014 taking
into account electric power plants of industrial
facilities, totaled 7,296.31 MW. 1,762.6 MW of
inefcient and obsolete generating equipment
was decommissioned in Russia in 2014 (NPP
capacities were not decommissioned in 2014).
GW NPP installed
capacity
In 2014 electricity generation in Russia totaled

1,024.9 bln KWh which is 0.1% more than in
2013. Furthermore has been the Concerns NPPs
generated 180.5 bln KWh which is 4.8% more than
the amount of electrical power generated in 2013.
Over many years the Concern has been consistently keeping the leading position among Russian generating companies in terms of installed
capacity and power generation.
The Concerns Position Among the Largest Companies of the Russian Federation in Terms of Installed Capacity, GW
36.2
16.8
15.8
2012
25.2
21.3 19.5
19.7 19.5
19.5
37.7 38.5
37.5
25.2
25.2
24.2
2011
38
37.5 36.5
35.2
14.7
2013
22.9
12.9 14.5
2014
Rosenergoatom Concern OJSC Gazprom Energoholding LLC RusHydro OJSC INTER RAO Electric Power Plants OJSC EuroSibEnergo OJSC
Integrated Energy Systems CJSC

2014 Annual Report
39
Top 6 Companies: Number of Reactors, Installed Capacity as of End of 2014, and Electric Power Generation in 2011-2013
No.
Operator company
Intl
Country
abbreviation
Number
of power
units
Number of
sites
Installed
capacity,
net
MW (e)
Installed
capacity,
gross
MW (e)
Generation in
2013
GWh
(generation)
Generation in
2012
GWh
(generation)
Generation in
2011
GWh
(generation)
(as of December 31, 2014)

1.
lectricit de France
EDF
France
58
19
63,130
65,880
405,898.51
407,437.88
423,509.48
10
23,643
25,242
161,718.08
(supply)
172,217.4
(generation)
166,293.44
(supply)
177,290.4
(generation)
162,018
(supply)
172,681.3
(generation)
23
20,739
21,628
132,465.24
143,549.92
147,763.46
22,(17)2
13,(10)
17,373
18,199
147,422.71
145,175.47
144,998.51
15
13,107
13,835
78,166.16
84,885.59
84,893.98
113
12,233
12,612
3,345.54
42,983.66
2.
Rosenergoatom
REA
Russia
34,(33)
3.
Korea Hydro and Nuclear

Power
KHNP
South Korea
4.
Exelon Corporation
Exelon
USA
5.
NNEGC Energoatom
NNEGC
Ukraine
6.
Tokyo Electric
TEPCO
Japan
The share of NPPs in power generation in the total generation of the UES of Russia
(excluding isolated energy systems) in 2014 was distributed as follows:
Unied Energy System
(UES)
Total power generation, mln KWh*
Russia
Power generation by NPP, mln KWh
Share of NPP generation, %
1,024,943.4
180,255.2
17.6
Central UES
239,225.6
94,472.4
39.5
Volga UES
105,035.3
29,819.5
28.4
Northwest UES
102,464.2
35,734.8
34.9
South UES
84,755.5
15,704.9
18.5
Urals UES
259,762.4
4,523.6
1.7
1. On December 27, 2014 power

unit No. 3 of the Rostov NPP was
introduced. The data on generation in 2011-2013 includes 33
power units.
2. In March 2012 following the
acquisition of Constellation
Energy the amount of Exelons
units increased up to 22 at 13
sites. The data on generation in
2011-2013 includes 17 power
units.
3. In May 2011 4 power units
(Nos. 1-4) of the NPP Fukushima
Dai-Ichi which were unt for use
were shut down. In December
2013 power units Nos. 5 and 6
of the NPP Fukushima Dai-Ichi
were also shut down.
Source: Report of the System Operator on Operating UES in 2014 (http://so-ups.ru).
The Concerns Position Among the Largest Companies of the Russian Federation in Terms of Power Generation over 2011-2014, bln KWh
177
173
172
167
180,5
162
152,2
135
61
113,6
104
89
80
2011
124
113
109
78
58
2012
102,7
79,0
77
60,4
57
2013
2014
Rosenergoatom Concern OJSC Gazprom Energoholding LLC RusHydro OJSC INTER RAO Electric Power Plants OJSC EuroSibEnergo OJSC
Integrated Energy Systems CJSC
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
40
contractual campaign. During this approval procedure the projects are optimized taking into account
the interests of market participants.
SALES MARKET
AND PRODUCT CONSUMERS
The Concerns products (electricity and capacity) is
sold in the Electrical Power (Capacity) Wholesale
rubles per MWh weight- Market (ECWM) which is a sphere of circulation of
special goods of electric power and capacity within
ed average year-averthe UES of Russia.
age sales price of NPP
electric power in the
The buyers are sales companies which for the major
day-ahead market
part have a status of guaranteed suppliers and a
number of major consumers (for details see clause
2 of the Register of Entities of Wholesale Market
for Electricity (Power)).
1,069.66
The composition and amount of buyers of electricity and power capacity of the Concern are not
constant and do not depend on the Concerns
preferences. The amount, composition, and structure of consumers are determined by a commercial
operator of the ECWM (Trading System Administrator OJSC) each year during centralized contractual
campaign of the ECWM (and in case of introduction
of signicant amendments to regulations determining the procedure for the ECWM functioning
within a calendar year and requiring changes in
contractual relations more than once per year). In
order to ensure compliance with the principles of
proportionality and fair distribution of contracting
agents under the contracts supporting sale of electricity and capacity at regulated prices, the projects
pending distribution undergo approval procedure
by market participants during preparation for the
Demand for electricity and power capacity supplied

by the Concern in the ECWM is generally steady
with some deviations due to seasonal changes in
electricity consumption and water content conditions with the appropriate change in hydrogeneration in the volume of electricity production on a
scale of the Unied Energy System of Russia.
In geographical terms the market covers the area of
the unied energy system of Russia and is divided
into two pricing zones: the rst (the area of Europe
and the Ural which includes a number of regions of
geographical Siberia, such as Tyumen Oblast and a
part of Tomsk Oblast) and the second pricing zone
(the most part of Siberia and Trans-Baikal). All
NPPs, except for Bilibino, are located in the European part of Russia and belong to the rst pricing
zone of the wholesale electricity market.
In addition to special regions electricity is bought at
regulated prices by guaranteed suppliers throughout Russia in the amount intended for the population. Contracts with other buyers are free, and their
prices and scopes are established by participants
themselves.
In 2014 the Concern supplied electricity under regulated contracts, to the day-ahead market, to the
balancing market, and under free contracts. Power
Concerns Electricity Supply Structure in ECWM

between 2010 and 2014, Bln KWh
148.15
143.48
150.21
142.84
104.76
Balancing market
Regulated contracts
Day-ahead market
Free bilateral contracts
62.79
29.05
1.99
2010

2014 Annual Report
0.64
1.45
2011
29.55
0.40
1.43
2012
29.85
1.02
1.12
2013
30.43
0.95
1.29
0.90
2014
41
Electricity sales in 2014

Day-ahead
market supply
Power capacity sales in 2014

Supply under regulated
contracts
1,069.66 rubles/MWh
weighted average year sales price of
NPP electric power in the day-ahead
market.
Supply of power generated by

new facilities under sales contracts (power supply contracts)
Supply under regulated

contracts
In 2010 1,915 contracts were concluded

with consumers of the wholesale market to
obtain funds totaling 4.4 tln rubles (excl.
VAT) from sales of capacity generated by
8 new NPP units from 2011 to 2038.
In 2014 the sales of electric power totaled

183.046 bln KWh.
For regulated activity the sales of electric power totaled
30.427 bln KWh
For all other markets the sales of power totaled
152.618 bln KWh, including:
152.443 bln KWh to the wholesale market;
0.175 bln KWh to the retail market.
Supply under sales contracts

subject to competitive
process
In 2014 the capacity corresponding

with the volume which had passed
competitive selection in 2013 was sold.
As of 2015 all the NPP units have
passed the competitive selection (taking into account the increased number
of unselected capacity following competitive selection in 2014 (15 GW).
Payments for electricity and capacity supplied under regulated contracts as well as payments for capacity under contracts on sales of capacity generated by NPP new facilities were effected at the rates (prices) established by the FTS of Russia for the Concern for 2014.
capacity was supplied under regulated contracts,

capacity sale contracts executed following competitive selection of price quotes for capacity sale, and
capacity sale contracts of new NPP facilities.
In 2014 the actual volume of electricity generated
by the NPPs amounted to 180.5 bln KWh, with the
planned value of 168.3 bln KWh recorded by the
FTS of Russia, among which:
180.3 bln KWh (or 99.88%) were supplied to
ECWM;
0.22 bln KWh (or 0.12%) were supplied to the
retail market (generated by the Bilibino NPP).
DEVELOPMENT
OF POWER SALES IN 2014
As a part of comprehensive measures of the
Concerns heat sales concept a pilot project was
implemented in 2014 resulting in Beloyarsk
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
nuclear power plant obtaining the status of a

unied heat supply organization in the urban
district of Zarechny of Sverdlovsk Oblast. The
awarding of unied heat supply organization
status to the nuclear power plant will make it
possible to increase reliability of heat supply to
end consumers of thermal energy.
As part of implementation of the strategy of
entry into retail markets of electric power, in
2014 AtomEnergoSbyt JSC won the competitive process and was awarded the status of the
guaranteed supplier in Kursk, Smolensk, Tver, and
Murmansk Oblast. Moreover, in order to divide
regulated and non-regulated types of activity
Atomenergopromsbyt JSC was created. Nuclear industry enterprises and other consumers
which had previously received power supply from
AtomEnergoSbyt JSC were transferred to the new
company for service.
4. Corporate
Governance
5. Interaction
with Stakeholders
42
3.2.
180.5
bln kWh in 2014 the
highest ever indicator
of power generation
was achieved by
Rosenergoatom Concern OJSC (104.8%
of power generated
in 2013.)
168.3
bln KWh the balance
of the FTS for 2014
(minimum amount of
power to be generated
by the Concern in a year
(the plan was fullled
107.3%)
Production Capital.
Generating Capacities
The record indicator
of power generation
in 2014 was achieved
due to the following
factors
Non-fulllment of
FTS balance by other
NPPs was caused by
the following:
Reduced timelines for

scheduled repairs of
power units
Cancel/postponement
of current repairs of
power units for 2015
Operation of power
units at a nominal
capacity
Rostov, Balakovo,
Kalinin, and Smolensk
NPPs, Leningrad NPP,
power unit No. 1
Balakovo NPP power

units Nos. 2, 3, and 4
Leningrad NPP
power unit No. 1 (from
13.01.2014 to
31.08.2014)
On recovery of
resource characteristics: Kursk NPP
p.u. No. 2, Leningrad NPP p.u. No. 2
On recovery of
resource characteristics: Kursk NPP,
p.u.No. 1
Kursk NPP power unit No. 2 (from

22.03.2014 to
31.12.2014)
Kola NPP
Novovoronezh NPP
Beloyarsk NPP
Power units were operating in a limited

dispatching mode due
to consumption
decrease and power
transit restrictions.
Two unscheduled stops

due to manufacturing
defects in turbogenerator at the manufacturing plant.
FAs of BN-800 reactor

of power unit No. 4
required remedial
actions.
123
Power Generation at the Concerns NPPs, Bln KWh
3KLN was put

into operation
1RST was put

into operation
154.7
139.8
119.6
120.0
108.8 108.3

2014 Annual Report
1992
1994
1996
147.6
177.3 180.5
172,2
162.3 163.3
4KLN was put
into operation
143.0
128.9
97.8 99.3
158.3
148.6
4BAL was put

into operation
119.2
170.1 172.7
2RST was put

into operation
3RST was put

into operation
134.9
103.5
1998
2000
2002
2004
2006
2008
2010
2012
2014
43
Installed Capacity Use

Factor, Availability
Factor
81.6%
installed capacity utilization
factor (ICUF) in 2014 (3.7%
higher vs 2013)
Changes in ICUF and AF, %
78.9
ICUF
AF
73.2 73.7
75.4
76.2
78.3 79.2
67.5
63.2 63.1
76.3
61.4
69.1
67.3
73.2 73.4
70.3 71.7
76.0
83.6 83.8 82.8 83.2

81.5 82.2
77.7
79.5 80.2
81.3 81.2 80.9
83.7
79.5
81.6
77.9
64.5
64.9
83.7%
58.3 58.2
52.6
53.4
55.6
availability factor (AF) in

2014 (4.2% higher vs 2013)
1992
Deviation from TsU

1.87
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
Fulllment of Balance Target Set Forth by FTS and Generation of Power

by Concerns NPPs, % and Mln KWh
29,224.0
180,475.5
>4.5
220.2
25,373.4
15,704.9
29,819.5
28,331.9
23,673.7
bln kWh
1.72
2.18
10,361.4
13,242.9
4,523.6
97.7%
Deviation from the balace

set forth by FTS
1.99
2.34
107.3%
125.5%
111.0%
108.4%
108.2%
106.6%
104.4%
102.5%
98.4%
98.2%
Concern
Kursk
Bilibino
Leningrad
Rostov
Balakovo
Kalinin
Smolensk
Kola*
NovoBelovoronezh** yarsk***
>11
bln kWh
Chart of Actual Load and FTS Plan in 2014, MW

7.30
Change of repair conditions
De facto
FTS balance target
with recovery of resource

characteristics and operation
of units after repairs
Reduction of scheduled repair

timelines, including according
to ESL, cancelation of minor
repairs
21,879
20,903
20,540
20,043
20,240
18,121
16,956
units at 104% of capacity

during pilot operation
January
1. Overview
18,702
18,468
Operation of VVER-1000
February
2. Strategy
and Outlook
March
April
20,364
May
3. Key Performance
Results
17,232
June
17,118
July
August
4. Corporate
Governance
September October
November December
5. Interaction
with Stakeholders
44
Concerns
Generating Capacities
88.5%
Generation
vs 2013
Balakovo NPP
Best NPP of Russia:

1995, 1999, 2000, 2003,
20052009, 2011-2013,
and 2014.
The largest electricity

producer in Russia
Located in the
Saratov Oblast
12.5 km
To Balakovo
satellite town
145 km
To the regional center (city of Saratov)
29.8 106.6
85.1
mln KWh power

generation
ICUF
Fulllment of the
FTS balance
ACHIEVEMENTS OF 2014
First place in All-Russia Contest Leader of Environmental Protection Activity in Russia. It is for
the seventh time that the plant has received this
award for active participation in environmental
protection and rational use of natural resources.
The plant has for the ninth time been recognized
as the Best NPP of Russia in the area of safety
culture.
Generated in 2014 vs all

electric power of the
Concern
Share of power production in the Volga Federal

Okrug
16.5%
25%
NPP power units:

2014 Annual Report
No
Type of reactor
Installed capacity,
MW
Age
VVER-1000
1,000
29 years
VVER-1000
1,000
27 years
VVER-1000
1,000
26 years
VVER-1000
1,000
21 years
660.5
bln kWh
Generated from power
start up of power unit No. 1
45
109.8%
Generation
vs 2013
Beloyarsk NPP
Best NPP of Russia:

1994, 1995, 1997, and 2001.
The only nuclear power plant

in Russia with a commercial fast
breeder reactor BN-800
Located in the
Sverdlovsk Oblast
3,5 km
To Zarechny
satellite town
45 km
To the regional
center (city of
Yekaterinburg)
4.52
97.7
86.1
mln KWh power

generation
Fulllment of the
FTS balance
ICUF
Power unit No. 4 with a 880 MW BN-800 reactor
was completed and physically launched in February 2014. Due to remedial actions required for the
reactor fuel assemblies, the power start up has
been postponed for 2015.
Due to remedial actions required for the reactor
fuel assemblies, the power start-up is postponed
for 2015.

Concern
Electricity production
share in the Sverdlovsk
energy system
2.5%
10%
NPP power units:
1. Overview
No
Type of reactor
Installed capacity, MW
Age
BN-600
600
34 years
BN-800
880
Physical launch
2. Strategy
and Outlook
3. Key Performance
Results
164.5
bln kWh
4. Corporate
Governance
5. Interaction
with Stakeholders
46
102%
Generation
vs 2013
Bilibino NPP
Best NPP in Terms of Safety

Culture: 2009.
The most remote of Russian

nuclear power plants
Located
in the Chukotka
Autonomous Okrug
4,5 km
To Bilibino
satellite town
610 km
To the administrative center (city of
Anadyr)
0.22
111
mln KWh power

generation
Fulllment of the
FTS balance
Bilibino NPP will be shut down in 2019-2022 and
substituted by a oating NPP (currently under
construction).
The Bilibino NPP backbones vital activity of the
Bilibino city, and ore and gold mining companies
of the Bilibino district.
52.4
ICUF

Concern
Share of power production of the Chaun-Bilibino

isolated energy system;
the only heat source in
the city of Bilibino
0.12%
80%
NPP power units:

2014 Annual Report
No
Type of reactor
Installed capacity,
MW
Age
EGP-6
12
40 years
EGP-6
12
40 years
EGP-6
12
39 years
EGP-6
12
38 years
9.4
bln kWh
47
94.5%
Generation
vs 2013
Kalinin NPP
Best NPP of Russia: 2002.

Best nuclear plants of the
year: 2012.
On June 27, 2014 the Rostekhnadzor license

was obtained for power unit No.1 operating
term extension for another 30 years
Located in the
Tver Oblast
4 km
To Udomlya
satellite town
28.3 104.4
80.9
mln KWh power

generation
ICUF
Fulllment of the
FTS balance
Pursuant to the industry-specic Program for
Increasing Power Generation at operating NPP
power units in 2011-2015 power units Nos. 1, 2,
and 3 of Kalinin NPPhas been operating at 104%
of the rated capacity.
125 km
To the regional center (city of Tver)

Concern
Share of electric power

produced in the
Tver Oblast
15.7%
70%
NPP power units:
1. Overview
No
Type of reactor
Installed capacity,
MW
Age
VVER-1000
1,000
30 years
VVER-1000
1,000
28 years
VVER-1000
1,000
10 years
VVER-1000
1,000
2 years
2. Strategy
and Outlook
3. Key Performance
Results
475.7
bln KWh
4. Corporate
Governance
5. Interaction
with Stakeholders
48
100%
Generation
vs 2013
Kola NPP
First nuclear power plant of Russia
built beyond the Arctic circle
Located at the Kola

Peninsula
11 km
To Polyarnye Zori
satellite town
170 km
To the administrative center (city of
Murmansk)
10.4
98%
67.2%
mln KWh power

generation
Fulllment of the
FTS balance
ICUF
Power units of Kola NPP are currently operating
in a limited dispatching mode due to consumption
decrease and power transit restrictions.
On October 8, 2014 the Rostekhnadzor license
was obtained for power unit No.4 operation period of 25 years.

Concern
Share of power
production in the
Murmansk Oblast
5.7%
60%
NPP power units:

2014 Annual Report
No
Type of reactor
Installed capacity,
MW
Age
VVER-440
440
41 years
VVER-440
440
40 years
VVER-440
440
33 years
VVER-440
440
30 years
379.8
bln kWh
49
124%
Generation
vs 2013
Kursk NPP
Best NPP
of Russia: 2009
It is among the rst four nuclear power

plants in Russia with equal power
capacity
29.2 125.5% 83.4%

Fulllment of the
FTS balance
mln KWh power

generation
Located in the
Kursk Oblast
4 km
To the Kurchatov
satellite town
The Kursk NPP is a major element of Russias
Unied Energy System. The main consumer is the
Central UES which covers 19 Oblasts of Russias
Central Federal Okrug.
40 km
To the regional center (city of Kursk)
ICUF

Concern
Share of the installed

capacity of all power plants
of the Black Earth area
16.2%
50%
NPP power units:
1. Overview
No
Type of reactor
Installed capacity,
MW
Age
RBMK-1000
1,000
38 years
RBMK-1000
1,000
35 years
RBMK-1000
1,000
31 years
RBMK-1000
1,000
29 years
2. Strategy
and Outlook
3. Key Performance
Results
801.9
bln kWh
4. Corporate
Governance
5. Interaction
with Stakeholders
50
131.7
Generation
vs 2013
Leningrad NPP
Best nuclear plants of the

year: 2012 and 2013.
The largest electricity producer in Northwest

Russia.The rst plant in Russia with reactors
of RBMK-1000 type
25.3 108.4% 72.4%

mln KWh power
generation
Located
in the Leningrad
Oblast
5 km
To Sosnovy Bor
satellite town
Fulllment of the
FTS balance
Ensures more than 50% of power consumption of
Saint Petersburg and Leningrad Oblast.
Between 2012 and 2014 a unique program was
implemented to recover the reactor performance
characteristics at power unit No.1
70 km
To the regional
center (city of Saint
Petersburg)
ICUF

Concern
Share of electric power

production of the
Northwest geographic
region
14.1%
28%
NPP power units:

2014 Annual Report
No
Type of reactor
Installed capacity,
MW
Age
RBMK-1000
1,000
41 years
RBMK-1000
1,000
39 years
RBMK-1000
1,000
35 years
RBMK-1000
1,000
31 years
915.8
bln kWh
51
94.1%
Generation
vs 2013
Novovoronezh NPP
Best nuclear plants

of the year: 2013
The rst NPP in Russia

with VVER reactors
Located in the
Voronezh Oblast
3.5 km
To Novovoronezh
satellite town
70 km
To the regional
center (city of
Voronezh)
13.2
98.2%
82.4%
mln KWh power

generation
Fulllment of the
FTS balance
ICUF
For the rst time ever in Europe a unique set of
work aimed at service life extension for 15 years
was performed at power units Nos. 3 and 4; appropriate licenses of Rostekhnadzor were obtained.
Power unit No. 5 of Novovoronezh NPP initially
pertained to the second generation now pertains
to the third generation as a result of work performed. It completely complies with modern Russian requirements and recommendations of IAEA,
and its additional operating term was extended for
another 25-30 years.
NPP power units:
1. Overview
No
Type of reactor
Installed capacity,
MW
Age
VVER-440
417
42 years
VVER-440
417
41 years
VVER-1000
1,000
34 years
2. Strategy
and Outlook
3. Key Performance
Results

Concern
Share of electric
power production
of the Voronezh Oblast
7.3%
100%
499.7
bln kWh
4. Corporate
Governance
5. Interaction
with Stakeholders
51
94.1%
Generation
vs 2013
Novovoronezh NPP
Best nuclear plants

of the year: 2013
The rst NPP in Russia

with VVER reactors
Located in the
Voronezh Oblast
3.5 km
To Novovoronezh
satellite town
70 km
To the regional
center (city of
Voronezh)
13.2
98.2%
82.4%
mln KWh power

generation
Fulllment of the
FTS balance
ICUF
For the rst time ever in Europe a unique set of
work aimed at service life extension for 15 years
was performed at power units Nos. 3 and 4; appropriate licenses of Rostekhnadzor were obtained.
Power unit No. 5 of Novovoronezh NPP initially
pertained to the second generation now pertains
to the third generation as a result of work performed. It completely complies with modern Russian requirements and recommendations of IAEA,
and its additional operating term was extended for
another 25-30 years.
NPP power units:
1. Overview
No
Type of reactor
Installed capacity,
MW
Age
VVER-440
417
42 years
VVER-440
417
41 years
VVER-1000
1,000
34 years
2. Strategy
and Outlook
3. Key Performance
Results

Concern
Share of electric
power production
of the Voronezh Oblast
7.3%
100%
499.7
bln kWh
4. Corporate
Governance
5. Interaction
with Stakeholders
52
Our global image is determined by our capacity to build complex facilities in the nuclear industry right on time and strictly within the established estimate. This was demonstrated by the joined team of Rostov
NPP and NIAEP-ASE who launched the facility ahead of schedule in
2014 (Rostov-3 was scheduled to start only in 2015), and also with
cost saving.
Sergey Kirienko,
Chief Executive
Officer, Rosatom
State Corporation
91.7%
Generation
vs 2013
Rostov NPP
Best NPP of Russia:

2004, 2011, and 2013.
Winner of the industry competition in the area of safety culture:
2005, 2008, 2010, and 2014.
The largest power industry enterprise

in southern Russia. The southernmost
Russian NPP
15.7 108.2% 89.5%

mln KWh power
generation
Located in the
Rostov Oblast
16 km
To Volgodonsk
satellite town
205 km
To the regional
center (city of
Rostov-on-Don)
Fulllment of the
FTS balance
On December 27, 2014 power start up of power
unit No. 3 took place, now it is in pilot operation.
Delivery of the unit for industrial operation is
scheduled for 2015.
Power unit No. 4 is currently under construction.
NPP power units:

2014 Annual Report
No
Type of reactor
Installed capacity,
MW
Age
VVER-1000
1,000
13 years
VVER-1000
1,000
4 years
VVER-1000
1,070
In pilot
operation
ICUF

Concern
Share of power
production in the Rostov
Oblast
8.7%
40%
142.9
bln kWh
53
119.5%
Generation
vs 2013
Best NPP of Russia:

1992, 1993, 2006, and 2010.
Smolensk NPP
Best NPP in the area of safety

culture in 2011.
City-forming leading enterprise of the

region, the largest in the fuel and energy
balance plan of the geographic region
Best nuclear plants of the year:

2012.
Russian Organization of High
Social Efciency: 2000.
23.7 102.5% 90.1%

mln KWh power
generation
Located in the
Smolensk Oblast
4.5 km
To Desnogorsk
satellite town
105 km
To the regional
center (city of
Smolensk)
Fulllment of the
FTS balance
It was the rst among Russian NPPs to obtain
the international certicate of conformance of
quality management system to ISO 9001:2000
standard and was recognized as the best NPP of
Russia in providing social safety and work with
personnel: 2007.
NPP power units:
1. Overview
No
Type of reactor
Installed capacity,
MW
Age
RBMK-1000
1,000
32 years
RBMK-1000
1,000
29 years
RBMK-1000
1,000
24 years
2. Strategy
and Outlook
3. Key Performance
Results
ICUF

Concern
Share of power production

in the Smolensk Oblast
13.1%
80%
570.2
bln kWh
4. Corporate
Governance
5. Interaction
with Stakeholders
54
VVER Power Units

Capacity Increase
One of the options to increase power generation
at NPP power units with VVER reactors consists
in increasing heat capacity of reactor plants using
engineering reserves of equipment taking into
account the actual characteristics obtained upon
its manufacturing and recorded during operation.
Increase of power capacity by 1 KW is

approximately 10 times cheaper than the
construction cost of 1 KW of new power capacity.
The program on operation of VVER power units at
an increased capacity forms part of a big program
aimed at increasing power generation at operating
NPP power units of Rosenergoatom Concern.
Pursuant to the Concerns plan, power unit No. 1
of Balakovo NPP, No. 1 of Rostov NPP, and No.
4 of Kola NPP were switched to an industrial
operation (IO) at an increased capacity in 2014.
In 2014, the permit of Rostekhnadzor for pilot
operation (PO) of power unit No. 3 of Kola NPP
was issued. Capacity increase and start of the
pilot operation is scheduled for 2015.
AFTER START OF THE PILOT OPERATION OF VVER

POWER UNITS AT AN INCREASED CAPACITY, NO
SIGNIFICANT ENVIRONMENTAL CHANGES WERE
REVEALED AT ANY OF NPPS.
During operation of power units at an increased

capacity we conducted and continue conducting
an analysis of the main parameters of reactor unit
to ensure compliance with permissible operating
limits. According to this analysis, the values of
neutronic and thermohydraulic characteristics of
the active zone are compliant with design parameters and meet the requirements and design
limitations set forth in the process rules for safe
operation of power units.
Results of tests and operating experience conrmed the possibility of stable and safe operation
of NPP power units with VVER-type reactors at
an increased capacity level.
Program results

2014 Annual Report
14.26 40
VVER-1000 reactors
operate at an increased
capacity of 104%
VVER-440 reactors
operate at an increased
capacity of 107%
bln KWh
additional energy generation in 2008-2014
reactor years
is the additional
operation time from
the program start
55
Source: Atomny Expert Journal

http://atomicexpert.com/
content/vygodnoe-povyshenie
Schedule of Switching VVER-1000 Units to

Operation at an Increased Capacity of 104% Nnom
1st unit of Balakovo NPP
2nd unit of Balakovo NPP
3rd unit of Balakovo NPP
4th unit of Balakovo NPP
1st unit of Kalinin NPP
2nd unit of Kalinin NPP
3rd unit of Kalinin NPP
PO
Pilot peration
IO
Industrial
Operation
4th unit of Kalinin NPP

1st unit of Rostov NPP
2nd unit of Rostov NPP
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Performance results while operating at an increased capacity

Parameter name
Capacity level
104% Nnom
Operating limit
Reactor thermal capacity (taking into account the temperature accuracy provided by
regulating system), MW
3,115-3,120
3,120
Heating heat transfer agent in reactor, C
29.7-32.5
33.5
Maximum heating of heat transfer agent in reactor loop/maximum capacity of reactor loop,
C/MW
30.0-32.4/758-797
33.0/800
Maximum heating of heat transfer agent in FA per ICIS readings, oC
39.4-43.0
44.5
287-290.3
291
FA maximum capacity as per ICIS readings, MW
23.8-26.0
27
FA energy release variance ratio as per ICIS readings
1.24-1.40
Minimum reserve on energy release variance by volume of active area as per ICIS readings
1.05
No less than 1
Thermohydraulics
Temperature of heat transfer agent at the reactor inlet in any operating loop, C
Reactor neutronics
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
2018
56
How to Get 104% in 4 Steps

Increase in heat capacity is implemented due
to intensification of fuel fission. In this case,
the temperature in the reactor has increased
by 1.5oC from 320 to 321.5 in average in the
active zone.
When the reactor unit

is switched
to 104% capacity
versus nominal
capacity, operating
safety limits
are not breached.
INCREASE OF
URANIUM
FISSION RATE
They are not

even reached!
In case of capacity increase the pressure
inside the reactor remains the same and
is equal to 160 atm. However, the
vessel is capable to support by far higher
loads: pressure of hydro-testing of about
250 atm.
1 950
Temperature inside
the fuel
INCREASE OF GENERATED
STEAM VOLUME
By increasing the temperature of water

at the output of the reactor it is
possible to submit more heat to the
steam generator. In this case the
parameters inside the steam generator
(pressure and temperature) remain the
same. The volume of generated steam
increases.
1 400 t/h steam generator

productivity
URANIUM FISSION PROCESS

Descendants
Moderator
U235
Free
neutron

2014 Annual Report
released
secondary
neutron
20
310
Uranium nucleons are split
inside the reactor every
second
57
Initially the B-320 reactor project was designed for heat

capacity of 3,250 MW. However, Elektrosila PO supplied
already developed structure of electric generator with
electrical capacity of 1,000 MW. That is why based
on power efficiency of the entire turbo-generator unit the
heat capacity of VVER-1000 reactor is 3,000 MW.
TURBINE
MODERNIZATION
GENERATOR CAPACITY
INCREASE
The increased capacity of generator,

while the terminal voltage remains the
same, is a consequence of heavy
currents. In order to cool down
the ironed generator due to heat
released under higher current load,
the density of the cooling gas
(hydrogen) was increased.
In order to ensure that more volume

of steam is produced, the turbine
wheel space and last buckets were
also modernized. Also, deeper
dehydration of resulting steam from
steam generators is provided for.
24 000 V terminal voltage

of electricity generator
>
turbine modernization:
treatment of last stage
blades
>>
Balakovo NPP
generator
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
58
MODERNIZATION AND SERVICE LIFE

EXTENSION OF POWER UNITS
Vladimir Pereguda,
Leningrad NPP, Director
Our team faces ambitious tasks. We created

unique technologies on
the rst power unit and
proved their feasibility
while maintaining RBMK
which accounts for 40%
of electricity generated
by Russian NPPs. We
made this technology a
benchmark and passed
the baton to Kursk NPP.
Now this work has to be
ne-tuned we have to
optimize repair times,
labor and nancial costs.
Of course, with due
regard to safety at all
times.
One of the main areas of the Concerns activity

is modernization of operating NPP power units
which permits maintaining power capacity of
NPPs as well as increasing their safety level and
improve operating characteristics of power units.
In 2014 modernization of NPPs was performed in
a planned scope in the following main areas:
Support of NPP power unit safety in accordance with the requirements of standards and
rules in the area of nuclear power use;
Compliance with the terms and conditions of
licenses for power unit operation;
Performance of post-Fukushima activities;
Implementation of industry-specic programs
aimed at improving NPP safety, among other
things, by way of modernization of main equipment, etc.;
Recovery of resource characteristics of the
graphite stack of RBMK power units;
Substitution of NPP equipment with an
exhausted lifespan;
Improving safety and reliability of operation of
systems and equipment involved in handling
spent nuclear fuel and radioactive waste;
Implementation of systems for diagnostics and

monitoring of operating condition of heating,
mechanical and electrical equipment;
Modernization aimed at increasing installed
capacity and electric power generation;
Implementation of modern energy efcient
processes and equipment;
Optimization of processes in order to improve
energy efciency of NPP operation;
Implementation of energy efciency automated
management systems;
Renovation and modernization of worn out and
obsolete equipment of auxiliary facilities that
ensure proper operation of NPPs.
435
bln KWh
generation by NPP power units
with an extended resource
In NPP reactor hall

2014 Annual Report
59
13.2
SERVICE LIFE EXTENSION
FOR EXISTING NPP POWER UNITS
Service life extension for existing NPPs power

units once they exhaust the determined service life
is one of the vital tasks at the current development
stage of Russian nuclear industry and an efcient
nancial investment which permit to maintain generating capacities and increasing NPP safety.
GW is an aggregate
installed capacity of
NPP power units with
an extended resource.
Economically feasible duration of an extended

operation timelines for NPP power units is 15-30
years and depends on both technical and economic factors on a case by case basis.
We have been working on service life extension for

operating power units of Russian NPPs since 1998.
By the end of 2014, the operations on extending
operation timelines of 21 NPP power units with
an aggregate installed capacity of 13,242 MW
were completed. The licenses permitting operation of these power units outside the determined
service life were issued by Rostekhnadzor. NPP
power units with an extended resource generated 435 bln KWh of power and the aggregate
capacity amounts to 52.5% of the installed
capacity of operating NPPs of the Russian
Federation.
Currently investment projects on SLE are implemented at 8 power units: power units Nos. 1,
2, 3, and 4 of Balakovo NPP, power unit No. 2
of Kalinin NPP, power unit No. 4 of Kursk NPP;
power units Nos. 2 and 3 of Smolensk NPP.
RESULTS OF WORK ON SERVICE LIFE
EXTENSION FOR NPP POWER UNITS IN 2014:
Completion of work and approval of resolution
on continuing operation of power unit No. 4 of
Kola NPP for an additional term of 25 years;
operation license for the extended time was
obtained;
Completion of work and formalization of the
resolution by Rosatom State Corporation about
continuing operation of power unit No. 1 of
Kalinin NPP for an additional term of 30 years;
Rostekhnadzor license was obtained;
Rosatom State Corporation approved the
investment project on service life extension for
power unit No. 4 of Balakovo NPP;
Design documentation Measures on Modernization of Smolensk NPP in order to
extend service life of power unit No. 3 was
prepared.
Maintaining NPP Generating Power Capacities

after Extension of the Operating Term, MW
+3 SM
+4 UR
+2 S
+1 BAL
+4 L
+1 LN
+1 LEN
+1 KOL
+3 NVO
417
2001
1. Overview
+4 NVO
2,274
+2 LEN
+2 KOL +3 BIL
+1.2 BIL
3,780
2,738
+1 KUR
+4 BIL
+2 KUR
+3 LEN
+3 BEL
+4 LEN
+3 L
+5 NV
9,802
+2 BAL
+2 LN
+3 BAL
20,242
19,242
18,242
17,242
16,242
+3 KUR 13,242
+1 S
11,802
10,802
8,362
6,762
4,762
834
2002
2003
2004
2005
2. Strategy
and Outlook
20062008
2009
2010
2011
3. Key Performance
Results
2012
2013
2014
4. Corporate
Governance
2015
2016
2017
2018
5. Interaction
with Stakeholders
2019
60
Main Results of the Repair Campaign in 2014
40
1.6
158.5
repairs of 33 NPP
power units were
completed in 2014
bln rubles
nancial effect
days general optimization

of repair terms
According to the approved annual repair schedule of nuclear

station power units, the following operations were planned for
2014:
The 2014 repair campaign is

fullled in full scope and with
due quality in terms of power
generation and reduction of
expenses for repairs.
40 repairs of 33 NPP
power units with a total actual
duration of 1,892.5 days were
completed in 2014.
Repairs of 33 power units.
Optimization of repair
duration of 26 power units
amounted to 181.5 days.
2,051 repair days.
Increase in repair duration

of 5 power units 23 days.
MAIN RESULTS OF THE REPAIR

CAMPAIGN IN 2014
General optimization of
repair terms 158.5 days.
Financial effect:
1.6 bln rubles.
Additional generation:
1,745 mln KWh.
ENERGY SAVING
PROGRAM IMPLEMENTATION
G4-EN3,
G4-EN6
1,745
General optimization of repair times became possible due to the following:
mln kWh additional

power generation due
to repair schedule
optimization

2014 Annual Report
Targeted search and removal of downtimes

during scheduled repairs as a part of Rosatom
production system development;
Conservative approach to preparation of power
unit repair schedules, allowing for time margin
to remove possible defects;
Absence of defects that may affect the duration of the critical path of repairs;
Justication of canceling minor repairs of the
power units switched to 18-month fuel cycle;
12 unscheduled stops of power units due to
equipment failure with a total duration of 53
days occurred in 2014.
The target indicator of cost saving due to reduction of energy consumption in the similar conditions versus 2009 set forth for 2014 by the
Order of Rosatom State Corporation is complied
with mainly thanks to increasing energy production. The target indicator amounted to 23.11%. In
2014, thermal and electric energy savings totaled
29.9% (4,753.6 GJ) and 17.0% (487,257.2 GJ),
accordingly.
Consolidated program for energy saving is
implemented in the scope scheduled for 2014.
NPPs currently undergo implementation of energy
resource accounting systems and modernization
of lighting systems using LED lights. Also, we pursue reduction of heat loss in heat supply systems
61
and replace obsolete thermal insulation. Some

work is currently at the design stage.
We continued working on replacement of turbine
condensers at Balakovo, Kalinin, and Novovoronezh NPPs, modernization of separator
superheaters at Kursk NPP aimed rst of all at
increasing safety and reliability of work of main
equipment at the same time improving energy
efciency of power unit operation. The contract
on manufacturing components and modernization
of turbine wheel space of power unit No. 5 of
Novovoronezh NPP was concluded. The volume of
nancing totaled 3.7 bln rubles in 2014.
Inspection audit conrmed the compliance of the
Concerns energy management system with the
requirements of the international standard ISO
50001:2011. Automated Energy Performance
Management System was put into operation.
The system permits collecting, generalizing, and

analyzing information about changes in energy
resource consumption and provides access to
information on all levels of management in the
Concern and Rosatom State Corporation.
29.9%
in 2014 thermal and
electric energy savings
Energy Consumption
Name
Unit
2012
2014
2014
in kind
thou
rubles
in kind
thou
rubles
in kind
thou
rubles
4,425
3,557
4,683
Nuclear power
(used as a fuel)
Fuel
assemblies,
pcs
Automotive gasoline
t (GJ)
287
(12,599)
10,714
201
(8,824)
8,075
429
(18,833)
16,229
Diesel fuel
t (GJ)
2,432
(103,846)
84,415
4,436
(189,417)
162,793
2,848
(121,610)
94,574
Residual oil
t (GJ)
11,460
(446,940)
137,490
16,790
(654,810)
186,955
13,096
(510,744)
141,083
Gas (natural)
m3
(GJ)
24,125
(811)
98,021
Oil, carbon, shale oil, and peat
No purchase
No purchase
* The information constitutes commercial secret.
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
62
3.3.
Ensuring Safety of Russian

NPPs. Radiation Impact on
Personnel and Citizens
Ensuring safety of Russian NPPs throughout their

entire life cycle is the top priority of the Concern
as an operator. The Concern sets forth new global
safety standards.
SAFETY OF RUSSIAN NPPS: RESULTS OF

INSPECTIONS CONDUCTED BY THE COUNCIL
OF THE FEDERATION OF THE RUSSIAN
FEDERATION
Vladimir Potsyapun,
Member of State Duma
Committee on Energy
Now we can say that we

actually set new global
safety standards, since
everything was greatly
improved in terms of safety.
We have visited Russian
NPPs as well as nuclear
power plants in Europe,
and we can compare many
parameters. The safety of
our plants not only matches
that of foreign plants, but
currently ranks rst. The
portfolio of foreign orders
for Russian nuclear power
units conrms that.

2014 Annual Report
In early 2014 ad hoc work group was created

by the Council of the Federation Committee on
Economic Policy following orders by Valentina
Matvienko, Chairwoman of the Council of the
Federation of the Federal Assembly of the Russian Federation, to review matters of safety at
operating nuclear plants of Russia.
Members of work group reviewed the materials
submitted by nuclear enterprises and visited the
Concerns NPPs with reactors of various types:
Novovoronezh NPP (VVER-1000), Leningrad NPP
(RBMK-1000), and Beloyarsk NPP (BN-600). The

inspection conducted by the Council of Federation brought the following results:
The Concerns NPPs comply with applicable
Russian requirements and current international
recommendations on nuclear and radiation
safety.
The Concern has developed and takes measures seeking to increase stability of operating
NPPs against extreme external impacts.
Modern Russian NPP designs comply with
post-Fukushima requirements. The measures
stipulated during construction of power units
permit us to additionally improve reliability of
NPP operation and responsiveness to emergency situations.
ALL NPPS OPERATING IN RUSSIA CURRENTLY
COMPLY WITH RUSSIAN AND INTERNATIONAL
STANDARDS. ALL RUSSIAN PROJECTS IN THE
AREA OF NPPS COMPLY WITH POST-FUKUSHIMA
STANDARDS.
ENSURING SAFETY OF NPPS

Strict compliance with all international and internal safety regulations.
Rostekhnadzor
The Concern obtained licenses for the right of operation of all NPP power units. All power units are operated
in accordance with the terms and condition of licenses. In 2014 there were no cases of suspension of
licenses for operation of power units due to non-compliance with the terms and condition of licenses.
Insurance companies
The Concern provided for 100% of insurance of all types of civil liability according to the requirements of the
licenses obtained.
State regulatory agencies on

safety
The Concerns employees involved in safety use of nuclear power duly undergone assessment of their
knowledge of safety requirements and proper operating skills and received authorization to conduct relevant
operations.
63
IN 2014 NPPS OF RUSSIA OPERATED SAFELY AND

RELIABLY, UNCONDITIONALLY COMPLYING WITH THE
REQUIRED SAFETY LEVEL.
Incidents with radioactive consequences

(Regulation NP-00408), loss of nuclear
materials and radioactive substances:
NONE
Accidents and incidents occurred at the

Concerns registered
hazardous facilities:
NONE
Failures of safety system items which could

lead to loss of safety:
NOT REGISTERED
In 2014, the Concern registered the following

events:
37 deviations in operation of NPP at the level
0/below scale at the INES scale.
2 events with the level 1 at the INES scale:
On 02.03.2014 and 04.11.2014 power unit
No. 4 of Beloyarsk NPP (physical launch stage).
10 instances of unscheduled automatic stop of
reactors due to critical condition (of them 1 at
power unit No. 4 of Beloyarsk NPP).
2 res (power unit No. 3 of Kursk NPP,

20.03.2014; power unit No. 4 (under construction) of Beloyarsk NPP, 30.03.2014).
2 re outbreaks (power unit No. 3 of Beloyarsk
NPP, 24.02.2014; Leningrad NPP-2 (under
construction), 02.02.2014).
2 Concern employees were severely injured
(at Beloyarsk and Kalinin NPPs).
In all instances which required stop and unload of
reactors, the availability of safety systems was
complete and provided safe switching of reactors to sub-critical mode or to a required level of
capacity.
Deviations at Operating Power Units of NPPs, Injuries,

Unscheduled Automated Stops of Reactors, Fires (Fire Outbreaks)
NPP
Deviations
Unscheduled automatic
stops of reactor due to
critical state
Injuries
(amount)
Fires/re outbreaks
(amount)
2013
2014
2014
2014
2014/2013
Bal
2014/2013
0
Bel
0/1
Bil
Kln
Kol
Kur
1/0
Len
Nvo
Ros
Smo
Total
42
37
10
1/1
Deviations in operation of the Russian NPPs according to the INES scale between 2008 and 2014
2
2
3
21
25+13*
26+4*
25+4*
2*
30
20+2*
1
23
* Events associated with low
power testing at the stage of
putting NPPs into operation.
In 2014 events of the
level 1 on the INES scale at
power unit No. 4 of Beloyarsk NPP during physical
launch (02.03.2014 and
04.11.2014).
1. Overview
17+1*
17
14
7+5*
11
12
5
2008
Beyond scale
2. Strategy
and Outlook
2009
2010
2011
Level 0
Level 1
Level 2 and higher
3. Key Performance
Results
2012
4. Corporate
Governance
2013
5. Interaction
with Stakeholders
2014
64
Dynamic Development of Automatic Stops of Reactor from Critical Condition

for Period from 2009 to 2014, Cumulative Numbers by Months
16+(3*)
16
15
12
* events associated with low power

testing at the stage of putting
into operation of power unit
No. 2 of Rostov NPP.
** events associated with low power
testing at the stage of putting
into operation of power unit
No. 4 of Kalinin NPP.
14+(1**)
14
13
10
9
10
9
7
6
2009
000
2010
2011
6
5
4
3
00
2
*** events at the stage of physical
launch of power unit No. 4 of
Beloyarsk NPP.
4
3
9+(1***)
10
9
7+(2**)
8
1
00
2012
2
000
2013
2014
NPP SAFETY ASSURANCE CONTROL
10
safety inspections of
operating NPPs and
NPPs under construction were conducted
Organization of NPP Safety Assurance Control
General Director of Rosenergoatom Concern OJSC
First Deputy General Director
Deputy General Director General Inspector
Deputy General Director Director of the

Facilities Construction
Management Branch
Chief engineers of operating NPPs
Chief Inspectors of operating NPPs and NPPs

under construction
Chief Engineers of the

Directorate of NPPs
under construction
Production Control Subdivisions
NPP Inspection Control

Subdivisions
Subdivisions for Technical Supervision of NPP

Construction
material breaches
were revealed
Deputy General Director Director for Production
and Operation of Nuclear Power Plants
Activity plans to
remove the revealed
concerns were developed and are currently
being implemented

2014 Annual Report
65
Short-time (immediate)
activities, 2011-2012.
COMPLETED
Mid-term activities,
2012-2014.
COMPLETED
INCREASING SAFETY AND STABILITY

OF NPPS AGAINST EXTREME EXTERNAL
IMPACTS
In connection with the events in Japan which
caused the accident at NPP Fukushima, the Concern has developed and implemented an analysis
of possible accident development scenarios at
Russian NPPs, determining activities aimed at
mitigating consequences and reducing impact on
population and environment in case of a severe
off-design accident (Plan of Activities Intended
to Improve Safety of Operating NPPs and Activities Intended to Reduce Consequences of Severe
Off-Design Accidents at NPPs).
Activities intended to improve stability of nuclear power plants against natural and man-made
impacts are performed in three phases:
Long-term activities,
2012-2021.
CURRENTLY
ARE BEING
IMPLEMENTED
1. Short-time (immediate) activities, 2011-2012.

Aimed at reducing man-made risks. All NPPs were
supplied with additional mobile accident-prevention machines. Completed.
2. Mid-term activities, 2012-2014. Aimed at
improving durability of NPPs. Preparation of
design specications and estimates, calculations, analyses, and feasibility studies, supply of
additional equipment and materials according to
design specications. Completed.
3. Long-term activities, 2012-2021. Implementation of additional design solutions at NPPs,
adjustment of accident-prevention documentation. Currently are being inplemented.
Analysis of degree of facility protection against

extreme external impacts according to the
guidelines suggested by Rostekhnadzor;
A program for implementation of additional
design solutions intended to mitigate consequences of off-design accidents at NPPs;
Installment of additional equipment: self-contained mobile diesel generator and mobile
pumping power units.
Activities at operating NPPs and NPPs under
construction permits enhancing stability of NPPs
against natural and man-made impacts, including:
Prevention of severe accidents;
Use of technical means to prevent building up
of explosive hydrogen concentrations during
zirconium-steam reaction;
Zero tolerance to radioactive emissions and
efuents to environment in excess of the prescribed standards.
Each year one of the Concerns NPPs hosts Comprehensive Emergency Response Drills (CERD). In
the course of the drill NPP personnel and subdivisions of the Ministry of Emergency Situations
of Russia jointly practice using all emergency
response mobile machines available at NPPs.
In 2014 comprehensive emergency response drill
were held at Kola NPP. CERD 2014 showed that
the number and capacity of the available mobile
machinery are sufcient to support a power unit
in a stable and steady condition for the required
amount of time in case of any natural or manmade anomalies.
Each year the Concern updates its activities

according to the results achieved in the previous
time period.
The activities aimed at enhancing stability against
extreme external impacts for NPPs under construction, design, and at the stage of putting
into operation are similar to the activities applied
to operating NPPs. These activities include the
following:
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
66
^
Integrated emergency
response exercises at NPP
FIRE SAFETY
In 2014, the Concern performed a number of
activities to ensure re safety, in particular:
Participating in inspection of re safety
conditions at Baltic NPP, Leningrad NPP-2,
Novovoronezh NPP-2, power units Nos. 3 and
4 of Rostov NPP, power unit No. 4 of Beloyarsk
NPP, FTNPP, and Voronezh NHP (all currently
under construction).
Performing organizational and technical
activities at all NPPs to ensure preparation for
spring-summer re hazard period.
Reviewing materials and preparation of opinions
for the expert committee for capital construction.
Preparing and implementing the Plan for
Enhancing Fire Safety for NPPs under

2014 Annual Report
construction of Rosenergoatom Concern OJSC

and Improving Efciency of Control over Fire
Safety approved by the Chief Executive Ofcer
of Rosatom State Corporation.
Holding training meetings with heads of
facility-based subdivisions of the Federal Fire
Fighting Service involved in NPP protection
and heads of re safety departments of operating NPPs (Beloyarsk NPP, November 4-6,
2014).
Developing and introducing into effect by an
order of the General Director of regulations
regarding NPP re safety.
THE LEVEL OF PERFORMANCE OF FIRE FIGHTING
ACTIVITIES ASSOCIATED WITH RECTIFICATION OF
POINTS OF CRITICISMS INDICATED BY THE STATE
FIRE SUPERVISION AUTHORITY IS 100%.
67
100%
In order to increase re safety at NPPs, in 2014
the Ministry of Emergency Situations of Russia
allocated additional facility-based subdivisions
of the Federal Fire Fighting Service involved in
NPP protection intended to enhance re protection and supplied re-ghting machinery,
including 19 re ghting vehicles and 2 training
facilities.
INDUSTRIAL SAFETY
The Concern pays great attention to industrial safety of NPP Hazardous Production Facilities (HPFs).
the Concerns
third-party liability
is 100% insured
Pursuant to Federal Law No. 116-FZ dated July 21,

1997 On Industrial Safety of Hazardous Production Facilities, HPFs are registered with the departmental (industry-specic) section of state register
of hazardous production facilities. As of December
31, 2014, 89 HPFs were registered with the
departmental (industry-specic) section of state
register of hazardous production facilities. All these
HPFs are insured pursuant to the Federal Law On
Compulsory Civil Liability Insurance for Owners of a
Hazardous Facility for Causing Harm as a Result of
an Accident at the Hazardous Facility.
Industrial Safety Declarations were prepared
pursuant to regulatory requirements for hazardous production facilities of hazard classes 1 and
2. The Concern employees involved in operation
of HPFs undergo training and certication on the
matters of industrial safety in the appropriate
committees of Rostekhnadzor and NPPs. Concern
has the industrial safety management system in
place in order to prevent industrial accidents and
incidents as well as in order to plan and implement priority and long-term measures aimed at
increasing industrial safety of hazardous production facilities and at providing due training for
the Concerns personnel making them ready to
containment and elimination of consequences of
accidents and incidents at HPFs.
In 2014, no industrial accidents at hazardous
production facilities operated by Rosenergoatom
Concern OJSC were registered.
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
PHYSICAL PROTECTION
The most important objectives of the operating

organization consist in providing for physical
protection, including anti-terrorist stability
of nuclear power plants which operate on all
stages of their life cycles as nuclear hazardous
facilities; protecting state, proprietary, and
trade secrets; ensuring economic security of
the enterprise while maintaining the Concerns
legitimacy and corporate interests.
Among the important elements of the physical

protection system are organizational activities,
actions of security teams, and sets of engineering and technical means of physical protection. Access control and management system
(ACMS) is one of the nine sub-systems. It is an
automatic analytical system capable to identify
individuals and vehicles at the entrance to (and
exit from) the protected areas using various
physical identication characteristics; restriction on the number of people with the right to
access the premises, buildings, and protected
areas; automated activation and deactivation
of security alarm for premises: control of time
and place of entry, as well as the time periods
during which controlled users stayed at the
facility.
One of the ACMS objectives consists in making

it impossible for anyone to bring weapons,
explosive, narcotic, and radioactive substances
(materials), and other prohibited items to
NPP. For this purpose modern inspection and
search equipment is implemented at NPPs
(including by way of modernization). This
equipment permits automating and speeding
up the access of system users to the facility
after their thorough search and identication.
ACMS technical characteristics make it possible
for subdivisions in charge of NPP security to
timely detect, block, and apprehend violators
and provide reliable access control for personnel, visitors, and vehicles to the facility and its
protected areas.
4. Corporate
Governance
5. Interaction
with Stakeholders
68
EMERGENCY PLANNING AND EMERGENCY

PREPAREDNESS
The Concern has created and currently operates
the emergency prevention and response system
(SChSK). The system is used to plan, ensure
preparedness, and conduct activities aimed at protecting personnel and areas of NPPs against emergency situations, both natural and man-made.
14
TSCs are currently
in operation
In structural terms, the Concerns SChSK is a

sub-system of the Industry-Specic Emergency
Prevention and Response System of Rosatom
State Corporation (OSChS) and is operated in
liaison with regional and municipal subsystems of
the Unied State System for Emergency Prevention and Response (RSChS) according to the
location of nuclear power plants.
The particularity of the Concerns emergency
response system operation consists in a very
efcient mechanism of cooperation in case of
emergency. Appropriate resources and centralized
reserves of nances and materials have been
created at each NPP for containment and elimination of accidents and emergencies. Following
the accident at Fukushima NPP all nuclear power
plants were additionally equipped with mobile
emergency units, newest systems were created
for communication, public announcement, and
information support. The availability of communication and public announcement systems is provided (24/7) by duty shift of the Crisis Center and
operations control duty services (duty operators)
of operating NPPs. The important place in the
emergency response system belongs to the group
for emergency assistance to nuclear power plants
(EANPP) and coordinating bodies (committees
on emergency prevention and elimination and
re safety) at operating NPPs. In the face of an
emergency the group (EANPP) closely cooperates
with technical support centers (TSC) created on
the basis of the organizations which are general
design contractors, chief designers, research
advisors, as well as leading Russian institutions
involved in matters of nuclear power industry.

2014 Annual Report
14 TSCs are currently in operation. Each TSC has

a 24/7 duty in place, and interaction with the
Concerns Crisis Center is also organized.
In 2014, the Crisis Center, nuclear power plants,
and TSCs held emergency prevention drills at
a regular basis to enhance coordination and
interaction in the conditions of simulated severe
accidents. Readiness checks were conducted at
Kola and Leningrad NPPs to make sure they are
prepared to contain and eliminate emergency
situations, both natural and man-made. These
NPPs conrmed their readiness to perform their
tasks in the area of civil defense and emergency
situations.
The Regional Crisis Center (RCC) was created and
operated in 2014. It was established on the basis
of the Concerns Crisis Center (CC) following recommendation of the Post-Fukushima Committee
and resolutions of the WANO workshop (Moscow
Center) regarding meeting the requirements of
the Rules for Information Exchange between
Participants of RCC and NPPs with RU VVER of
the WANO Moscow Center. Emergency centers of
Russian NPPs interact with RCC within the same
scope as with CC, and there is also an option to
request support from other foreign RCC member
countries.
The Concerns emergency prevention and elimination system is a well-coordinated and interconnected system operating 24/7 and receiving
information from NPPs in real time. The Crisis
Center monitors main technology, radiation,
environmental, and re protection parameters 24
hours a day 7 days a week; the parameters are
also submitted to Technical Support Centers thus
creating unied information space for all participants of emergency response. The Concerns
current emergency prevention and elimination
system meets all requirements set for the participants of the Unied State System for Emergency
Prevention and Response, is one of its most
sophisticated links, and corresponds to the best
global practice.
69
SAFETY CULTURE
Safety culture is a basic principle of NPP safety
management.
The Concerns activity in the area of safety culture
is aimed at forming a high level of commitment to
safety among the Concerns and NPPs personnel.
High level of commitment to safety is shown in
continuous improvement of activity that affects
safety, self-consciousness of employees who
understand their responsibility in the area of
safety and their self-control during performance
of all operations. All this together guarantees a
steadily high level of NPP safety.
Managements policy in the area of safe and

reliable operation of NPPs is communicated to
personnel using mass media, posters, and title
screens on PCs. Also, Internet consulting portals
are set up by management of operator companies, and awareness day campaigns are regularly
held. The safety matters are discussed with NPP
personnel during visits of the Concerns management to NPPs and in the course of conference
calls and visiting meetings of the Concerns
management.
The achieved level of safety culture and commitment of personnel to the principles of safety
culture are evaluated systematically at all NPPs.
Training materials on safety culture have been
developed. The programs for preparation to a
position and programs for maintaining personnel qualication include the Safety Culture
section. Training on the subject Psychological
Aspects of Safety Culture is organized on-site
at NPPs.
The Concern has developed and put into practice by an administrative order the Procedure for
Organization of Work on Developing and Maintaining Safety Culture in Rosenergoatom Concern
OJSC which sets forth distribution of functions on
development and maintenance of safety culture
within the company.
Levels of Commitment to Safety Culture
1. Overview
Commitment
at the political level
Declaration about policy in the area of safety

Management structure
Resources
Self-regulation
Commitment
at the management level
Determination of responsibility
Work practice determination and control
Personnel qualication and training
Incentives and penalties
Revisions, analytical reviews, and comparisons
Individual commitment
Critical position
Strictly regulated and weighted approach
Communicative approach
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
70
Safety Culture and Human Factor booklets

were prepared in order to use them in daily operations of NPP personnel. Safety Culture handbooks intended for better understanding of bases and principles of safety culture as well as for
understanding the importance of human factor in
safety matters were prepared and are currently in
use. Instructional lm on the subject Self-Control
as a Method to Prevent Errors of Personnel was
prepared and made available to NPPs in order to
enhance training efciency and prevent erroneous
actions of personnel.
3
collective radiation
exposure decreased
by 3 times during 9 previous years
RADIATION EFFECT ON PERSONNEL

AND POPULATION. RADIATION CONTROL
At the current stage of extended construction of
nuclear power plants the important task consists
in ensuring radiation safety of NPP personnel and
local communities along with preventing radioactive contamination of the environment in excess
of permissible levels regulated by radiation safety
standards.
Information about radiation level at NPP, in
the environment, and people exposure levels
is obtained through radiation control. NPP
design provides for radiation control system
(RCS) intended to ensure efcient systematic
and uninterrupted control of protective barrier
integrity.
NPP radiation control system includes automated data measurement units and equipment that
ensures their operation. The system obtains
and processes data about controlled radiation
parameters in the area of controlled access
to NPP, at the industrial site, in the sanitary
protective area, and in the supervised area in
all operational modes of NPP, including designbased and off-design accidents, as well as about
condition of NPP during decommissioning of
power units.
Radiation control at NPP is exercised by NPP
radiation control services certied in accordance
with the requirements of the Federal Agency on
Technical Regulating and Metrology. NPP radiation
control organization (scope, frequency, control

2014 Annual Report
points, performers, and result record-keeping) is

determined by relevant rules approved by regional directorate of the Federal Medical-Biological
Agency (FMBA) of Russia. Also, regional directorates of FMBA of Russia perform independent
selective radiation control of environmental
facilities and foodstuff produced locally.
Based on the radiation safety principles adopted
by global community, Rosenergoatom Concern
OJSC consistently conducts policy on implementation and further development of methodology
on radiation protection optimization at NPPs. The
methodology consists in maintaining individual
exposure doses and number of exposed persons
on the lowest possible levels taking into account
economic and social factors.
The following measures are taken pursuant to
requirements of standard documents at the Concerns NPPs:
Keeping records of individual exposure dose for
each employee throughout the year;
each employee throughout 5 consecutive years;
each employee throughout their labor activity.
Information about exposure doses is recorded
in personnels record cards for individual exposure doses and in the electronic databases of
the automated system of individual dosimetry
control (ASIDC) created in Rosenergoatom
Concern OJSC.
Radiation control of the environment at the
location of NPPs is exercised according to rules
for radiation control taking into account the type
of reactor units and particulars of their locations.
The results are submitted in radiation hygienic data sheets of relevant organizations and
annual reports about radiation environment at
NPP locations. Radiation control is intended to
conrm the absence of radiation impact of NPPs
on population and environment by controlling
and analyzing changes in radiation situation
in the sanitary protection zone and supervised
area at NPPs.
71
Kola NPP
^
1. Overview
In order to ensure uninterrupted control over dosage intensity at the location of NPPs, automated
radiation control system (ARCS) operates around
each NPP. The system is a functional sub-system of the Unied State Automated System for
Monitoring Radiation Situation on the territory of
the Russian Federation. Its main purpose consists
in controlling radiation in the sanitary protection
zone and supervised area at NPPs and providing
information and analytical support of emergency
structures, NPP management, governing agencies
and state authorities of various levels in case of an
accident at NPP. ARCSs of all NPPs of Russia are
connected through data transmission channels in
an industry-wide sub-system whose central control panel is located in the Concerns Crisis Center.
From here, data are submitted to the industry-specic system of Rosatom State Corporation.
2. Strategy
and Outlook
4. Corporate
Governance
3. Key Performance
Results
ARCS stands located in populated areas within the NPP supervised zone are equipped
with information panel displaying data about
dose intensity at the location. Radiation data
is also available on the Concerns website at
http://www.russianatom.ru both in real-time mode
and as archived data for previous periods.
Pursuant to Resolution of the Government of the
Russian Federation No. 639 dated July 10, 2014
On State Monitoring of Radiation in the Russian
Federation, organization and maintenance of
a unied state automated system for radiation
5. Interaction
with Stakeholders
72
Sliding (over Three Years) Collective Radiation Exposure at NPPs

by Types of Reactor Units (Person-Sv/Unit)
RBMK
All NPPs
VVER
Custom-built reactors
10.28
9.36
8.57
7.81
7.10
6.48
(EGP, AMB, BN)
6.07
5.40
4.52
4.06
9496
3.67
4.83
4.00
3.40
9698
3.14
2.91
9800
2.68
2.45
0002
2.20
1.87
0204
3.85
1.72
3.57
3.53
3.31
3.34
3.34
3.19
3.16
3.13
1.61
1.56
1.51
1.47
1.45
1.38
1.31
1.30
0406
0608
0810
1012
1214
Collective Radiation Exposure at NPPs in 2013-2014, Person-Sv/Unit
2013
2014
4.18
3.45
3.40 3.24
2.45 2.42
1.29 1.36
0.71
All NPPS
KUR
SML
LEN
BAL
0.51
0.56
0.23
KOL
monitoring is stipulated, taking into account the

efforts on creating ARCS of NPPs of Russia.
BIL
KLN
NVO
0.23 0.34
BEL
0.05
0.18
RST
From 1995 to 2014, the value of collective radiation exposures decreased by more than 3 times.
The main limits of NPP personnels radiation
exposures were not exceeded in 2014.
preparing techniques for radiation risk management. We worked on evaluating ratios of

individual radiation risk for NPP personnel. The
evaluation served as a basis for development of
a software module for automated workstation
which calculates individual radiation risk (ARMIR
AES, version 6.1). The module permits making
decisions on radiation risk management based
on source data of personnel working at Russian
NPPs. In 2014 we also worked on improving control over personnels internal radiation doses.
In 2014, a set of work was performed on evaluating personnels individual radiation risk and
In 2014, the Concern established standards

on emission limits and allowable discharges of
Thanks to focused organizational and technical

efforts at NPPs, personnels radiation exposure is
steadily decreasing.

2014 Annual Report
0.79
0.68 0.65 0.55 0.61
0.31
73
Emissions of Inert Radioactive Gases, in Percentage of Allowable Emissions
EGP RBMK VVER BN
25.8
25.7
21.0
20.5
25.8
17.7
18.0
18.1
17.0
21.5
18.8
24.3
17.0
11.1
10.2
10.4
9.2
8.6
6.6
7.3
5.5
7.5
6.8
3.2
3.6
2002
2003
2004
4.1
2.0
1.3
0.3
0.8
4.7
4.0
3.6
6.0
1.8
1.0
2005
2007
0.6
0.3
2008
2009
1.6
0.5
0.8
2010
2011
0.8
0.6
2012
1.5
0.6
0.5
0.4
2013
2014
radioactive substances into environment pursuant

to Resolution of the Government of the Russian
Federation No. 717 dated September 13, 2010
On Amendments to Certain Resolutions of the
Government of the Russian Federation on the
Matters of Authorities of the Ministry of Natural
Resources and Ecology of the Russian Federation, Federal Service for Supervision of Natural
Resources, and Federal Service for the Supervision of Environment, Technology and Nuclear
Management.
radioactive substances are assumed to be present

in emissions (even if they are not detected by current devices and methods) at the level of 0.5 of
the minimum detectable amount, i.e. the emission
evaluation became more conservative.
No unauthorized discharge of radioactive nuclides

took place in 2014. Like in the previous years,
the actual gas-aerosol emissions and liquid
discharges were signicantly lower than the
standards established by Rostekhnadzor.
Systematic measurement of concentration of

radioactive substances in the atmosphere and
heat sinks, measurement of soil and plant activity
and food stuff at the control points located at a
distance of 50 km from NPP conrm the absence
of detectable impact of NPP operation on the
condition of objects of outside environment.
The picture shows IRG emissions in percentage to

the standards for allowable emissions. New (for
some NPPs) and more strict standards for allowable emissions were introduced at NPPs in 2014.
Furthermore, in 2014 the procedure for accounting of emissions changed. After such change
1. Overview
3.2
2.3
0.4
2006
3.8
2.8
2. Strategy
and Outlook
3. Key Performance
Results
The analysis of data on NPP emissions and discharges conrms the stable and reliable operating
level of NPP power units and the efciency of
protective barriers created to prevent dissipation
of radioactive substances.
4. Corporate
Governance
5. Interaction
with Stakeholders
74
^
Kalinin NPP
NONPROLIFERATION OF NUCLEAR
MATERIALS
Nonproliferation of nuclear materials is ensured
through the Concerns system of state accounting and control of nuclear materials. This system
functions in full compliance with the requirements
of international and Russian regulations and is
under control of Rosatom State Corporation and
Rostekhnadzor.
The system comprises a set of organizational
activities, regulatory and procedural documents,
and technical means which provide for accounting
and control, detection and registration of losses,

2014 Annual Report
and prevention of unauthorized operations with

nuclear fuel at all stages of its handling at NPPs,
from receiving fresh nuclear fuel to sending
spent nuclear fuel outside of NPPs. The system
is based on timely registration of each reception, moving, or sending of nuclear fuel as well
as changes in the amount of nuclear materials
in nuclear fuel after its use in the reactor. All
these operations are registered in operating and
accounting documents of NPPs and serve as
a basis for preparation of reports to be submitted to the system of state accounting and
control of nuclear materials and Rosatom State
Corporation.
75
Kursk NPP
3,262
2,530
1,728
Leningrad NPP
5,847
2,387
2,125
Amount of spent FAs,

segmented in 2014
Total spent FAs segmented

from start of operation
Spent FAs removed to FSUE

GKhK
Each year a physical inventory count of nuclear

materials takes place in order to comply with the
procedure for accounting and control of nuclear fuel at the places of storage and use of fuel
assemblies (FAs). For the entire term of operation
of the Concerns NPPs there were no losses or
theft of nuclear materials.
January 15, 2011 was completed (Kalinin, Kursk,

Leningrad, and Rostov NPPs). First line of RAW
treatment facility of Leningrad NPP was put into
industrial operation.
HANDLING RADIOACTIVE
WASTE AND SPENT
NUCLEAR FUEL
Decommissioning of NPP power units after the

end of designed service life is a natural and
necessary stage of their life cycle. This work was
performed in 2014 in accordance with the activity programs for NPP decommissioning approved
by Rosatom State Corporation as well as as a
within the scope of the Federal Special Purpose
Program Ensuring Nuclear and Radiation Safety
for 2008 and Until 2015.
The main area of efforts in handling radioactive

waste (RAW) is further reduction in generation of
initial RAW and their transformation to a conditioned state which is safe for temporary storage
at NPPs.
The Concern equips NPPs with RAW treatment
facilities, reconstructs the existing and creates
new storages for RAW at NPPs which provide
for environmental safety of NPPs throughout
the entire term of their operation. All work on
extraction, treatment, and conditioning of collected and incoming RAW is performed at NPP in
accordance with federal legislation.
The following techniques are used at NPPs for
RAW treatment and conditioning: evaporation
to the maximum salt, cementing, ion-selective
cleansing, burning, attening, melting, and
fragmentation. In 2014 at the expense of the
Concern, the container storage and segmenting
facility for spent FAs was put into industrial
operation at the spent nuclear fuel storage facility
of Leningrad NPP, and proper work criteria were
achieved at the container storage and segmenting
facility for spent FAs at the spent nuclear fuel
storage facility of Kursk NPP in the industrial
operation mode.
DECOMMISSIONING
OF NPP POWER UNITS
Amendments to the terms and conditions of the

license of Rostekhnadzor authorizing operation
of power units Nos. 1 and 2 of Beloyarsk NPP
were received in order to perform the following
operations: removal of the building of gas storage
tank for accident containment, deconstruction
of south-west structure of KhSO-1, disassembly
of equipment, pipelines, and ttings of machine
hall, etc.
Programs for comprehensive inspection of power
units Nos. 1 and 2 of Leningrad NPP, No. 3 of
Novovoronezh NPP were prepared. Programs for
decommissioning of power units Nos. 1 and 2 of
Kursk NPP were updated. Equipment was disassembled and 250 t of metallic low-level RAW
was removed from power units Nos. 1 and 2 of
Beloyarsk NPP. Operational testing of plasma
treatment of RAW at power units Nos. 1 and 2
of Novovoronezh NPP started. Required routine
operations intended to ensure safe condition of
power units Nos. 1 and 2 of Beloyarsk and Novovoronezh NPPs were performed.
1957 t of metal waste contaminated with

radioactive substances were removed from NPP
sites (Balakovo, Beloyarsk, Kalinin, Kola, Novovoronezh, Kursk, Leningrad, and Smolensk NPPs).
Initial registration of RAW generated before
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
76
3.4.
Natural Capital.
Environmental Impact
Ecological safety, environmental protection,

and rational use of natural resources in the areas
of industrial activities constitute strategically
important objectives for the Concern. The purpose
of the Concerns environmental policy is to provide
the level of NPP safety when the impact on the
environment, personnel, and population would be
minimal, thus conserving natural systems and supporting their integrity and life-supporting functions.
In 2014 NPPs were

operated subject to
unconditional compliance with statutory
environmental standards and rules. NPPs
operated in a reliable
and safe manner,
with a minimum
possible impact on
the environment.
The Concern pursues a comprehensive approach

to managing environmental impact which includes
complete accountability to Rosatom State
Corporation and transparency of all indicators of
environmental activity.
The Concerns environmental activity principles
and obligations regarding ecological safety and
environmental protection are specied in the
Environmental Policy available at:
http://www.rosenergoatom.ru/
environment_safety/environment/
THE MAIN SIGNIFICANT WORK PERFORMED BY CONCERN AS A PART

OF ITS ENVIRONMENTAL POLICY IN 2014
Rostov NPP: capital repairs of ltration eld No. 1

of waste treatment facilities in the radiation free
area; waste treatment facilities for storm water
drainage of power units Nos. 3 and 4 were put
into operation; algol treatment of heat sink and
dam area of the Tsimliansk water basis in order to
suppress biological interference (preventing water
bloom)
Balakovo NPP: certain measures were taken to

maintain (recover) design characteristics of the
Kristall oily water treatment facility and biological treatment station in order to reduce adverse
impact on the environment by treating and
reducing pollutants in discharging water
ATMOSPHERIC EMISSIONS
Priority areas in environmental

protection activity

2014 Annual Report
Discharges
into waters
Production waste
recovery
77
NPP Ecological
Services
Ecological control
and Safety Evaluation
Making Efcient
Decisions
Minimization
of environmental
impact of NP
IN 2014, 1,514 T OF POLLUTANTS WERE EMITTED INTO ATMOSPHERE,

WHICH IS 35.5% OF THE AMOUNT PERMITTED IN THE REPORTING YEAR
(4,290 T). THE VOLUME OF POLLUTANT EMISSIONS RESULTED FROM FUEL
COMBUSTION IN BOILERS AND EMERGENCY DIESEL GENERATORS ON THE
BOOKS OF NPPS TOTALED 948 T WHICH IS 62.6% OF GROSS EMISSION OF
POLLUTANTS. THE VOLUME OF SOLID POLLUTANTS EMITTED IN 2014 TOTALED
63 T, GASEOUS AND LIQUID POLLUTANTS 1,451 T. GAS CLEANING AND
DUST-CAPTURING UNITS RECEIVED 190 T OF POLLUTANTS, OUT OF WHICH
182 T WERE CAPTURED AND DECONTAMINATED (CAPTURE EFFICIENCY IS
APPROXIMATELY 96%). OVER MANY YEARS THE SHARE OF NPPS IN THE
VOLUME OF POLLUTANTS EMITTED INTO ATMOSPHERE BY ALL ENTERPRISES
OF THE RUSSIAN FEDERATION IS BELOW 0.01%.
MAIN INDICATORS
OF ENVIRONMENTAL IMPACT
Emissions of NOX, SOX and Other Signicant Pollutants into Atmosphere,

Indicating their Type and Mass, t*
Volume of Pollutant Emissions into Atmosphere

by Nuclear Power Plants in 2012-2014, tons
ATMOSPHERIC EMISSIONS
OF POLLUTANTS
Notwithstanding the minimum values of indicators for pollutant emissions, nuclear power plants
strive to reduce harmful impact on atmosphere:
we improve technology used for increasing
efciency of fuel consumption, use fuel oil of a
better quality (with less sulfur content), improve
technologies used in painting, put into operation
efcient gas cleaning and dust-capturing units.
4,290
Sulfur dioxide
Carbon oxides
Nitrogen oxides
1,511.6
1,491.2
779.8
851.6
723.3
(in NO2 equivalent)
Hydrocarbons (excl. volatile

organic compounds)
156.5
245.2
208.9
200.8
205.0**
70.8
24.4
68.4
21.2
2012
1,587
1,602
1,514
2012
2013
2014
143.0
170.2
Volatile organic compounds

Other gaseous and liquid
3,913
3,769
1,450.6
229.9
238.0***
2013
90.9
25.5
2014
Actual emissions
Standard
* * Excluding solid pollutants.
** Incl. 201.0 of methane.
*** Incl. 230.3 of methane.
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
78
* (among them
7.5 ground water)
** (among them
7.8 ground water)
*** (among them
7.6 ground water)
Emission of Ozone-Destroying Substances (ODS)

in 2012-2014
Name of ODS
CFC-12
Total, incl. ODP
(metric, t)
Use of Water by Sources, mln m3
6,233.0
ODS emitted, t
2012
2013
2014
0.142
0.204
0.163
0.142 1 =
0.142
0.204 1 =
0.204
0.163 1 =
0.163
11.5*
7.2
6,492.3
5,378.7
1,706.1
11.8***
7.5
1,818.9
9.3**
6.8
1,818.6
4,654.1
4,508.2
3,544.0
HCFC-22
Total, incl. ODP
(metric, t)
1.832
1.259
6.943
1.8320.055=
0.101
0.2590.055=
0.069
6.9430.055=
0.382
2012
CFC-12 dichlorodifluoromethane
(ozone depletion potential (ODP) = 1.0)
HCFC-22 difluorochloromethane (ODP = 0.055)
DISCHARGE OF POLLUTANTS
INTO WATERS
Water sources used by nuclear power plants do
not belong to protected areas. It is worth noting
that the Concerns NPPs have no effect on wetlands included in the Ramsar List
(http://www.ramsar.org/).
34,130
t of waste generated at
NPPs in 2014 (1,835 t
less than in 2013)

2014 Annual Report
In 2014, NPP wastewater disposal was within the

limits of water balance and the amount of generated power and totaled 93.6% of the volume of
water used. It is a good indicator of water use and
complies with the limits established by environmental authorities.
At all NPPs waste waters of household sewage
and storm water drainage were treated before
their discharge into surface waters. Control over
content of pollutants entering surface water with
waste waters from NPPs was effected in accordance with duly agreed and approved rules.
2013
2014
Potable water from natural water sources

Potable water from water supply utility systems
Fresh process water from natural bodies of water
Sea water
Waste waters discharged in 2014 totaled

6,076 mln m3, and the share of polluted waste
waters totaled approximately 0.09%. It is a good
indicator compared to other enterprises of the
Russian Federation.
6,063 mln m3 of partially clean waste waters and
6.3 mln m3 of waste waters treated to standard
quality were discharged in water bodies in 2014,
including:
5.9 mln m3 at the mechanical water treatment
facilities;
0.4 mln m3 at the biological water treatment
facilities.
The discharge volumes of polluted waste waters
are steadily reduced thanks to consistent modernization and reconstruction of waste water
treatment facilities at NPPs.
79
HANDLING PRODUCTION
AND CONSUMPTION WASTE
Total Volume of Multiusable

and Reusable Water, mln m3
As far as handling production and consumption

waste (hereinafter, waste) is concerned, NPPs
effect their environmental protection activities in
accordance with legislation of the Russian Federation in the area of environmental protection and
based on the license and approved draft standards for waste generation and limits on waste
emplacement.
The main volume (95.1%) of waste generated in
2014 consists of class 4 waste (low hazardous
waste) and class 5 waste (virtually non-hazardous waste) 15,406 t and 17,043 t, accordingly.
The increase in generation of class 2 waste is due
to scheduled replacement of lead accumulators
at Balakovo, Kola, and Novovoronezh NPPs.
28,167.5
28,399.9
28,777.8
425.4
4.52
0.07
312.7
5.28
0.06
358.9
4.43
0.06
2013
2012
2014
In recycled water systems

In reused water systems
Consumption in recycled water systems/total water extraction
Consumption in reused watersystems/total water extraction
Production and Consumption Waste by Classes, t

Indicators
2012
2013
Class 1
52
59
56
Class 2
123
57
256
Class 3
1,586
2,311
1,369
Class 4
11,900
13,544
15,406
Class 5
26,503
19,994
17,043
Waste
hazard
class
Existed Generated
at the
in 2014
beginning
of 2014
Used
Decontaminated
Handed over to other enterprises
Total
Among them
for
use
for
decontamination
for
storage
for
dumping
2014
Emplaced at
own facilities in 2014
Total
Existed
at the end
of 2014
Among them
on sites:
storage
dumping
5 = 6+7+
8+9
10
11
12
13 = 1+23-4-5-12
7.1
56.4
3.6
52.5
0.7
51.8
0.6
0.6
7.4
II
23.2
256.3
262.0
260.2
1.8
1.5
1.5
17.5
III
155.0
1,369.2
0.3
1,337.8
844.4
322.6
20.0
150.8
38.5
5.5
33.0
153.1
IV
14,833.8
15,405.6
800.5
12,171.5
57.0
1,184.1
27.8
10,902.6
3,199.9
1,942.2
1,257.7
16,009.7
1,166.3
17,042.7
83.1
16,705.1
9,438.5
1,211.0
6,055.6
717.7
264.5
453.2
967.6
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
80
Environmental Costs
Incurred, mln rubles
3,196
Current (Operating)
Environmental Costs,
mln rubles
3,141
2,458
Payment for
Environmental Services,
mln rubles
1,058
193
of climate change
81
27 9
2
175 2
For ensuring environmental radiation safety

Collection and treatment of waste waters
Waste handling
Protection of atmospheric air and prevention
Protection and rehabilitation of lands, surface
39
11
44
and ground waters
Other areas of activity in the environmental
220
protection sphere
For preservation of biodiversity and protection

of natural areas
276
2012
2013
2014
133
477
466
Research activities aimed at reducing adverse

human-induced impact on the environment
Protection of environment against noise, vibration,

and other types of physical impact
The volume of waste generated at NPPs at the

beginning of 2014 was 16,185 t, at the end of
the year 17,155 t. Following waste handling
activities at NPPs, in 2014 3.6 t of class 1 waste
(extremely hazardous) was decontaminated,
884 t of classes 3, 4, and 5 waste (moderately
hazardous, low hazardous, and virtually non-hazardous) was reused; 30,529 t of waste was
handed over to other enterprises; and 1,744 t of
waste of classes 3, 4, and 5 was dumped at own
facilities.
All production and consumption waste is
emplaced at specially equipped sites, in special
storages, and their disposal is controlled by NPP
ecological services.
ENVIRONMENTAL COSTS
3,141
mln rubles environmental costs in 2014

2014 Annual Report
Environmental costs incurred by NPP include

expenses for protection and rational use of
water resources (including payments to other
enterprises for acceptance and treatment of
waste waters), atmospheric air, environmental
protection from adverse impact of production and
consumption waste (including payment under
contracts on transfer of waste to specialized
organizations) and remediation of violated and
contaminated lands.
In 2014, nes for breach of statutory requirements in the area of production and consumption
waste handling were levied on Leningrad NPP and
totaled 140,000 rubles.
Applicable legislation provides for a fee for
adverse environmental impact as a form of partial
compensation for damage caused to the environment by a natural resource user.
ENVIRONMENTAL
RISK MANAGEMENT
In 2014, comprehensive research in evaluation of
radiation and chemical risks for human health in
local communities situated close to NPP locations
were carried out in the Sverdlovsk and Voronezh
Oblast where Beloyarsk and Novovoronezh NPPs,
accordingly, are located and where it was decided
to construct new units. The results of these risk
evaluations were taken into account in preparation of the Concerns environmental policy and
development of the Concerns environmental
management system (EMS).
NPP radiation impact on environment through its
actual emissions and discharges of radioactive
substances into atmospheric air and bodies of
water is signicantly below allowable values and
81
Standards developed
and introduced by
Concern pursuant to
requirements of Russian legislation and
regulations
Fundamental Rules
for Environmental
Protection at Nuclear
Power Plants
Guidelines for Organization of Production
and Environmental
Monitoring at Nuclear
Power Plants
Manual on Organization of Work Connected with Handling
Production and Consumption Waste
Procedure for Production Control in Waste
Handling Activities in
Guidelines. Technologies for Reducing
Volumes and Ways of
Reusing Hazardous
Waste Generated
during Operation of
NPPs
1. Overview
Fee for Adverse Impact on the Environment, thousand rubles

Name
Actually paid during the year

2012
2013
Fee for allowable and excessive emissions (discharges) of

pollutants (emplacement of production and consumption waste)
9,691
11,064
Funds (charges) and fines recovered in compensation for damage

caused by breach of environmental legislation
222.6
2014
15,705*
140
* The growth is generally caused by increase in fee for emplacement of production and consumption waste.
does not exceed the minimum signicant dose

equal to 10 mSv per year. With such volume of
emission of radionuclides to environment the
radiation risk for population is guaranteed to be
unconditionally acceptable (less than 10-6). It permits us to consider the actual level of emissions
and discharges of NPPs as optimized.
ECOLOGICAL ACCEPTABILITY
The Concern has developed program activities in
key areas, including environmental, along with
corporate standards which reect short-term
goals and comply with the Concerns strategic
concept on EMS improvement.
ENVIRONMENTAL AUDIT AND EMS

CERTIFICATION
Improvement of EMS and its certication on
conformance with international standard ISO
14001 is an efcient way for the Concern to
conrm its commitment to ideas of environmental protection and an opportunity to increase its
competitiveness and to enhance interaction with
stakeholders and general public.
In 2014, inspection and/or recertication audits
of certied EMS were conducted at the Concerns
headquarters and operating NPPs.
Key Results of 2014
1 2 3 4
The following Concerns
standards were updated
and put into operation:
Water Use at Nuclear
Power Plants. Classication
of Cooling Water Supply
Systems, Manual for
Environmental Management System, Procedure
for Internal Audit of the
Environmental Management System.
2. Strategy
and Outlook
Inspection and/or recertication audits of certied

environmental management systems of Concerns
headquarters and operating
NPPs were organized and
conducted to ensure conformance with international
standard ISO 14001:2004.
Validity of environmental
certicates was conrmed.
3. Key Performance
Results
Favorable opinions of the

state environmental expertise were obtained based
on justication materials to
the licenses for operation
of the following power
units at 104% capacity vs
nominal: No. 1 of Balakovo
NPP, No. 2 and 3 of Kalinin
NPP.
The activities stipulated in

the Comprehensive Plan
for Implementation of the
Environmental Policy of
Rosatom State Corporation
for 2012 and until 2015
and scheduled for 2014
were performed to the
extent referring to Rosenergoatom Concern OJSC
and its branches
operating NPPs.
4. Corporate
Governance
5. Interaction
with Stakeholders
82
3.5.
Developing Generating
Potential
Novovoronezh NPP-2 and Leningrad NPP-2

are the rst plants to be built in Russia from
scratch for the last thirty years.
In 2014, construction work on erection of 9 new

power units and 1 oating power unit was in
progress at the Concerns nuclear power plants.
Six of them were constructed according to the
NPP-2006 design which became an evolutionary
step in development of the Russian nuclear power
industry.
BUILDING NEW NPP POWER UNITS
9/1
9 (and 1 oating)
new NPP blocks were
under construction
in 201
245.2
bln rubles
was spent on
construction of
NPP-2006
6/7
6 years 7 months
period of the NPP2006 power unit
construction

2014 Annual Report
Pursuant to Energy Strategy of Russia until 2030,

General Allocation Pattern for Energy Facilities
of Russia until 2020, and taking into account the
long-term development until 2030, the Concern
provides for increase in the share of nuclear power
in energy balance of Russia at the same time
ensuring necessary safety level, including by way
of building new power units of NPPs.
In 2014, construction of new power units was

effected under general contractor agreements
with engineering companies NIAEP JSC, Atomenergoproekt JSC, and UK Uralenergostroy LLC.
General contractors and contractors were selected
according to the requirements of the Unied
Industry Procurement Standard of Rosatom State
Corporation.
NPP Power Units under Construction: Volume of Construction Work Performed (% of Plan Fulfilled)
No.
Name of NPP
Power unit availability
Beloyarsk NPP, power unit No. 4, BN-800
Physical launch
(start)
Novovoronezh NPP-2, power unit No. 1, VVER-1200
81%
Novovoronezh NPP-2, power unit No. 2, VVER-1200
40%
Leningrad NPP-2, power unit No. 1, VVER-1200
62%
Leningrad NPP-2, power unit No. 2, VVER-1200
27%
Rostov NPP, power unit No. 3, VVER-1000
Physical launch,
power start up
Rostov NPP, power unit No. 4, VVER-1000
17%
Baltic NPP, power unit No. 1, VVER-1200
14%
Baltic NPP, power unit No. 2, VVER-1200
2%
83
Building New NPP Power Units in 2014

NPP
Power unit No.
Power unit type
Beloyarsk NPP
No. 4
BN-800
Work on 500 kV switchgear (cells 1, 2, 4, and 5) were

completed.
Construction and assembly operations at 3rd loop of the
2nd contour were completed and ready for filling with
sodium.
Turbine assembly and setting of turbine at hydraulic
ratchet pump were completed.
The test consisting in filling condenser with a vacuum was
conducted.
Novovoronezh NPP-2
No. 1
VVER-1200
Voltage was supplied to gas-insulated switchgear of

220 kV from overhead line.
ITVS were supplied.
No. 2
VVER-1200
(NPP-2006 project)
The dome was covered with internal containment (20UJAreactor building).

The ring of the base RU was assembled.
No. 1
VVER-1200
(NPP-2006 project)
Reactor vessel was installed on its proper location

(reactor building (10UJA)).
Polar crane was put into operation,
Start of welding work at main circulation piping in the
reactor building (10UJA).
No. 2
VVER-1200 (NPP-2006
project)
De-aerator is installed on its proper location.

Turbine-generator pedestal is assembled.
Supporting truss in the reactor building is assembled.
No. 3
VVER-1000
The systems are prepared for spillage to open reactor.

The systems and equipment are prepared to civil defense
test.
Stage B (Physical launch) is performed.
Turbo-generator is synchronized and connected to
network.
No. 4
VVER-1000
The crane with lifting capacity of 200 t is registered in the

turbine room.
Supporting truss is installed on its proper location.
No. 1
VVER-1200
(NPP-2006 project)
Operations performed as a part of activities following

decision on additional placement of power units of low
and medium capacity.
No. 2
VVER-1200
(NPP-2006 project)
No. 1
VVER-1200 (VVER-TOI project)
No. 2
VVER-1200 (VVER-TOI project)
Leningrad NPP-2
Rostov NPP
Baltic NPP
Kursk NPP-2
Preparatory operations were performed.
Progress of Main Physical Volumes of Construction and Assembly Operations in 2013-2014

Unit
2013
2014
45,011
27,186
m3
377,419
313,044
Process pipelines
19,131
18,367
Metal structures
32,714
16,351
Equipment assembly
30,176
23,141
Work types
Reinforcement
Concreting
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
84
123.5
COST OF NPP CONSTRUCTION
Due to the current economical situation and

tough competition in the NPP design market the
Concern faces the task of signicant reduction of
cost and timelines for construction of new NPP
power units. NPP-2006 is currently the basic
design for organized serial construction of NPPs
of the Russian design both in Russia and abroad.
bln rubles invested in

construction of new
NPP power units in
2014
The construction cost of a standard two-unit NPP

according to this design totals 43.4 bln rubles in
the basis prices of the year 2000, or 245.2 bln
rubles in prices of the 1Q 2014. The power start
of the rst power unit of an NPP constructed
under the NPP-2006 design is accomplished
in 6 years and 7 months, and of the second
power unit in 7 years and 7 months after project
launch. Maximum expenses on nancing of a
two-unit NPP are incurred on the fth year of
construction.
New techniques based on the Rosatom Production System are implemented in order to reduce
construction timelines of new power units:
Preassembly of main circulation pipelines in
the pre-installation preparation workshop
directly on-site;
Simultaneous welding at four loops of main
circulation pipelines, simultaneous welding of
more than two welded seams;
Supply of turbo-generator -1000-60/300 in
the form of ve preassembled blocks;
Manufacture and assembly of preassembled
blocks of the internal containment of the reactor building.
was developed and implemented in 2014 by the

Concerns Facility Construction Management
Branch in order to regulate operations, make
them compliant with international standards, as
well as to meet the requirements for participation
in international tenders on NPP construction.
Certication audit in TF Thringen certication authority was successfully passed, and we
received the certicate on conformance of the
management system with standard 9001:2008 in
the area of design and construction management
of facilities intended for peaceful use of nuclear
energy as well as production and supply of electric
power (reg. No. TIC 15 100 128018).
Unied requirements were introduced for the
organization, collection, and analysis of data on
production (work, services) quality in the civil
nuclear power industry of the Russian Federation, formation and evaluation of successful
management solutions, implementation of quality
policy of Rosatom State Corporation. Requirements were introduced for organization of the
monitoring system of construction and assembly
work providing for unied (for all construction sites) collection and analysis of data and
information about quality of construction and
assembly work.
For the rst time in Russia, at Leningrad NPP-2

the 328 t reactor vessel of the rst power unit
was installed using the open top technique using
heavy-duty caterpillar crane Liebherr LR 11350.
The operation was performed in compliance with
all industrial safety requirements.
The quality management system which complies
with international standard ISO 9001:2008
Quality Management Systems. Requirements

2014 Annual Report
85
Financial and Economic Indicators of NPP Construction in 2014

Indicator
Financing*
Compliance with annual plan
Increments of non-financial assets
Assimilation of capital expenses
* Investments in xed capital.
Unit
Plan
Actual
bln rubles
107.5
109.3
102
bln rubles
151.2
151.8
100
bln rubles
155.8
157.5
101
Number of Organizations and Employees Involved in Construction of NPPs in 2014

NPP
Number of main
organizations involved
Baltic NPP, power units Nos. 1 and 2
including:
engineers and technical employees
blue collar workers
90
10
80
Beloyarsk NPP, power unit No. 4
59
5,960
762
5,198
Novovoronezh NPP-2, power units Nos. 1

and 2
41
8,021
1,668
6,353
Leningrad NPP-2, power units Nos. 1 and 2
19
4,043
377
3,666
Rostov NPP, power units No. 3 and 4
33
6,062
465
5,597
156
24,176
3,282
20,894
Total:
1. Overview
Total employees
engaged
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
86
3.6.
Financial Capital.
Performance Results
The main factor in growth of net prot by

7,027 mln rubles is achievement of the record power
generation for the entire history of the Russian
nuclear industry.
253,215
108.7%
250,256
247,489
vs revenue in 2013
mln rubles revenue from sales of Concerns

products in 2014
mln rubles actual revenue from selling

Concerns power and capacity at ECWM in 2014
(incl. Bilibino NPP)
9,238
mln rubles from sales of

own products
2,767.2
mln rubles from sales of
purchased products
417.82%
vs net prot in 2013
mln rubles net prot from sales of Concerns

products in 2014

2014 Annual Report
87
In 12 months of 2014,
power and capacity
sold by Rosenergoatom Concern OJSC
totaled 295,506,639
mln rubles. (including Bilibino NPP,
AtomEnergoSbyt
JSC, Voronezhatomenergosbyt OJSC,
VAT included).
THE GROWTH OF REVENUE FROM SALES IS CAUSED BY THE FOLLOWING:
PRICING FACTORS
VOLUME FACTORS
by 34.86
by 7,505.83
rubles/MWh
actual prices in the free market of
electric power
mln KWh
actual volumes of power supply
in the free market
by 22,193.70
by 556
rubles/MWh
actual price of capacity according to RD
MW
actual volume of capacity supply
under competitive capacity auction
by 81,002.80
by 96
rubles/MWh
actual price of capacity under power
supply agreements of power unit No. 2
of Rostov NPP
MW
actual volume of capacity supply
under power supply agreements
Main Financial and Economic Indicators (Mln Rubles)

Indicator
2012
2013
2014
2014/2013
Revenue
200,527
232,857
253,215
9%
76,116
96,309
105,607
10%
38%
41%
42%
20
16
15
-7%
Management expenses*
10,157
10,637
11,325
7%
Net profit
-1,849
2,211
9,238
318%
Net cash flow
-3,661
8,802
-4,605
-152%
936,154
1,059,013
1,181,245
12%
-0.92%
0.95%
3.65%
Return on assets
19.5%
20.0%
19.5%
Return on equity
-0.21%
0.22%
0.83%
Debt/equity ratio
0.09
0.10
0.08
Current liquidity ratio
1.30
1.19
1.31
943,788
1,057,723
1,180,017
12%
82,317
104,326
94,450
-9%
Gross profit
Percent of gross profit to revenue
Business expenses
Net assets
Return on sales (by net profit)
* Management expenses are

shown excl. accrued industry-specic reserves (allocated to
prime cost).
1. Overview
Equity
Borrowed funds
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
88
Value Created and Distributed by Rosenergoatom Concern OJSC

according to Russian Accounting Standards, Bln Rubles
Indicator
2012
2013
2014
208.4
239.0
266.5
208.4
239.0
266.5
136.4
143.4
160.0
Operating costs (payments to suppliers and contractors, cost of purchased materials)
92.6
95.6
108.8
Salaries and other payments and benefits for employees
26.2
27.2
27.6
0.7
1.1
1.4
16.2
19.0
21.8
0.6
0.5
0.4
Retained economic value
72.0
95.6
106.5
Contribution to GDP
115.8
143.4
157.7
Created economic value

Incomes (sales revenue, gains from financial investments, and sold assets)
Distributed economic value
Payments to capital providers

Gross tax payment (before individual profit tax and VAT)
Investments in communities, including donations
NET ASSETS
BALANCE SHEET STRUCTURE
THE GROWTH IN NET ASSETS VALUE IN 2014 WAS

DUE TO THE GROWTH IN THE ASSETS CONSIDERED
BY 114,865 MLN RUBLES WITH SIMULTANEOUS
REDUCTION OF LIABILITIES CONSIDERED BY 7,367
MLN RUBLES
The amount of assets of Rosenergoatom Concern

OJSC increased by 9% (114,865 mln rubles).
The increase in the amount of assets is due to
increase in value of both non-current assets by
9% (106,946 mln rubles) and current assets
by 9% (7,920 mln rubles). Increase in value of
non-current assets is caused by growth in capital
investments in-progress in xed assets by 26%
(141,544 mln rubles) which shows signicant
amount of investments in xed assets made by
the Concern.
As of December 31, 2014, net assets of Rosenergoatom Concern OJSC exceed registered capital
by 43%. Taking into account that net assets both
exceeded registered capital and increased during
the reporting period, we may say that, based on
this indicator, nancial state of Rosenergoatom
Concern OJSC is quite healthy.
by 122,232 mln rubles

2014 Annual Report
by 114,865 mln rubles
1,181 ,245
1,355,827
mln rubles the Concerns net asset value as of

December 31, 2014 (as per balance sheet)
mln rubles the Concerns asset value as of

December 31, 2014 (as per balance sheet)
89
Evaluation of Net Assets of Rosenergoatom Concern OJSC

Indicator
Actual value of the indicator

As of December 31, 2013
Changes over the

time period
As of December 31, 2014
mln rubles
% to balance
sheet total
mln rubles
% to balance
sheet total
thousand rubles
6 = (col - col 2)
1,059,013
85
1,181,245
87
122,232
Registered capital
671,516
54
671,516
50
Net assets over registered

capital
387,496
31
509,728
37
122,232
1
Net assets
Dynamic Changes in Non-Current Assets of

Rosenergoatom Concern OJSC, mln rubles
Dynamic Changes in Non-Current Assets of

Rosenergoatom Concern OJSC, mln rubles
1,259,284
91,712
84,097
1,180,017
1,152,338
1,003,778
79,776
73,262
934,788
84,048
2012
96,543
88,623
2013
2014
2012
2013
2014
Current assets
Non-current assets
Long-term liabilities
Short-term liabilities
Equity
As of December 31, 2014, non-current assets

total 1,259,284 mln rubles, which is 93% of the
total asset value.
The Concerns structure of sources of funds is

dominated by equity ratio 87%.
The Concern approved regulatory documents

and guidelines on nancial statements internal
control system (FS ICS). The main purpose of
FS ICS is to provide reasonable assurance of the
reliability of nancial statements for external and
internal users. The Plan on improvement the FS
ICS in Rosenergoatom Concern OJSC, comprising measures aimed at enhancing the quality of
accounting and ensuring the reliability of nancial
statements, is prepared each year.
2. Strategy
and Outlook
4. Corporate
Governance
The cost of property of Rosenergoatom Concern

OJSC as of the end of the reporting period totaled
1,355,827 mln rubles.
1. Overview
100,143
83,095
1 057,723
3. Key Performance
Results
5. Interaction
with Stakeholders
90
BUDGETING
In order to achieve key performance indicators,
the Concern applies a systematic approach to
planning and accounting of incomes, costs, and
cash ows. On an annual basis, to ensure the
Concerns production program fulllment and
guaranteed funding for priority areas of industrial
and economic activities and development, budgets (including the cash ow budget) and income
and expense estimates by activity are prepared
in the context of structural units of the Concern
and the Concern as a whole; these are the basic
documents for expenditures of the Concern and
its branches for the planning period.
The budgeting process is implemented within the
approved standards of Rosatom State Corporation put into effect by orders of the Concern and
represents a short term planning process (planning horizon of 1 year with a breakdown by quarters). The Company is also engaged in operational
nancial planning (planning horizon of 1 month).
Funds are spent strictly within the limits communicated to structural subdivisions in accordance
with the approved consolidated income and
expense estimates for the production and sale of
products subject to adjustments made pursuant
to the approved procedure. Spending is funded
according to the cash ow budget.
Budgeting process products are approved key

performance indicators which are decomposed
down to the level of NPPs and the Concerns
headquarters.
COST MANAGEMENT
Pursuant to the action plan aimed at limitation of
the nal cost of goods and services provided by
infrastructure companies while maintaining their
nancial stability and investment appeal which
was approved by Chairman of the Government
of the Russian Federation D.A. Medvedev in
Resolution No. 6732p-P9 dated November 11,
2013, operating expenses in 2014 were agreed
at the same level as the budget of 2013, without
indexation. Also, when preparing the Concerns
budget for 2014, we took into account the task of
reducing the costs associated with administration
and maintenance activity by 10% (in comparable
prices of 2013).
Thus, strict control over compliance by the Concerns branches and structural subdivisions with
assigned limits formed with due regard to the
task of reducing the costs contributed to EBITDA
increase comparing with the indicator in 2013.
Expenses of structural subdivisions of the

headquarters and branches of the Concern are
monitored on a monthly basis; the fulllment of
consolidated estimate is analyzed quarterly, while
identifying reasons for variations of actual costs
from target costs in order to optimize costs and to
achieve the established target parameters for the
Concern in general.
Dynamic Changes in EBITDA and EBITDA Margin

Indicator
EBITDA, mln rubles
EBITDA margin, %

2014 Annual Report
2012
2013
2014
2014/2013, %
81,536
104,664
112,079
107.08
40.66
44.95
44.26
98.46
91
Human Capital.
Labor Protection
3.7.
Distribution of Training
Hours per Employee
of Operating NPPs
by Years
140
135
2012
2013
138
Pursuant to the Concerns development strategy,

safety, increase in economic efciency in the
domestic and external markets, stability, and
technology leadership remained the main objectives
in 2014. The strategy implementation determines
priorities in work with personnel, because such
important objectives cannot be achieved without
qualied and committed employees.
Key components of the efcient functioning of the

Concerns HR system are personnel training and
psychological assessment. The Concerns employees
undergo training in accordance with the requirements of legislative instruments and regulations
issued by federal executive agencies and local
regulations of Rosatom State Corporation and the
Concern.
HR POLICY TRAINING, MAINTAINING

QUALIFICATION, AND ADVANCED
TRAINING OF PERSONNEL
The Concerns employees undergo training according to training programs prepared by the Concerns
training and apprenticeship units and educational
institutions.
2014
THE GOAL OF THE CONCERNS HR POLICY CONSISTS

IN PROVIDING THE COMPANY WITH COMPETENT AND
QUALIFIED EMPLOYEES WHICH IS POSSIBLE ONLY
IF THERE IS A PERSONNEL MANAGEMENT SYSTEM
CAPABLE OF RESPONDING TO CHANGING MARKET
REQUIREMENTS QUICKLY AND PROPERLY.
The Concern resolves current tasks in the HR area

also through successfully functioning system for
training, maintaining qualication, and advanced
training of personnel.
Routine Performance Evaluation and Career

Development
Employees subject to routine performance evaluation
and career development, pers.
11,288
Men
54%
Women
46%
Managers
30.86%
Specialists
69.14%
Training for Employees

Indicator
130
hours of training
on average, each
Concerns employee
received in 2014.
1. Overview
Hours of training,
total
Hours of training,
per 1 employee
Total hours of in-house training (in TAU NPP and subdivisions)
3,651,579
97.5
Total hours of training with third-party providers
1,217,778
32.5
Total hours of training, including:
4,869,357
130
Managers
1,015,694
155
Specialists and white collar workers
1,821,148
125
Blue collar workers
2,032,515
124
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
92
Distribution of Costs
for Training of Concerns
Employees, thousand
rubles
399,207
324,029
In order to make perfect practical skills in

production process management, training and
apprenticeship units of nuclear power plants
(TAU NPP) were equipped with technical training aids, including comprehensive simulators
(CSs).
283,000
2012
2013
2014
In 2014, in accordance with the Concerns regulations TAU of Balakovo and Kola NPPs were
certied, CS of FTNPP was admitted for training, analytical simulator for training operating
personnel of power unit No. 4 of Beloyarsk NPP
obtained permission for use. 42 sample items of
NPP equipment, 15 stands for performance of
various operations on NPP equipment, 8 dummy
systems and items of equipment of NPP, and 10
stands modeling various operation mode of NPP
equipment were put into operation in TAU NPP.
In order to ensure standardized approaches to
professional training of personnel the Concern
operates the Instructor School. 345 NPP instructors attended advanced training courses in 2014.
In 2014 in-house training of employees of
operating NPPs in TAU NPP and NPP subdivisions totaled 3,646,183 hours. On average, each
employee of operating NPPs received 105.5
hours of in-house training.
In order to enhance safety and economic efciency of maintenance and repair of NPP equipment
and systems the Concern has prepared and
implements the Program for Manning, Training,
and Retaining Electrotechnical Personnel of NPP,
Program on Upgrading the Status of Foremen at
NP Repair Services, and Program for Development
of Training System for Maintenance and Repair
Personnel.
2,500
the total number of
persons who participated in the development programs

2014 Annual Report
The Concern has also introduced standard

programs for preparation to a position. In 2014,
67 training programs were updated.
The Concerns employees attend annual training
in external educational institutions for additional
vocational education (hereinafter, external education). The main providers of external education for
the Concern are such institutions as Non-State
Educational Institution CPE Rosatom Central
Institute for Continuing Education and Training,
National Research Nuclear University MEPhI,
Rosatom Corporate Academy, and Federal State
Educational Autonomous Institution of Additional
Professional Training Petersburg Power Institute
of Professional Upgrading.
Each year managers and specialists of nuclear
power plants holders of permits issued by Rostekhnadzor authorizing work in the eld of nuclear energy use attend a qualication maintaining
course provided at National Research Nuclear
University MEPhI. In 2014, 296 employees of
NPPs attended a qualication maintaining course.
In the reporting period the Concern successfully
carried out activities in personnel evaluation and
development, including the corporate program
on teaching the English language, trainings on
commitment and mentoring, and managerial skills
development programs. As a part of managerial
skill development, training was provided on the
programs Work Planning and Organization,
7 Skills of Highly Efcient People, and Change
Management.
As required by regulations, NPP employees
undergo routine assessment of knowledge they
need to perform their job functions. Assessment
cover rules and standards of nuclear energy use,
industrial safety, labor safety, radiation safety,
re safety, basic rules of nuclear plant operation,
job descriptions, and operating procedures.
NPP personnel training also includes psychological and psycho-physiological training provided
by specialists from psycho-physiological support
laboratories (NPP PPSL). In 2014, 10,020 NPP
employees attended psychological training, and
8,144 NPP employees underwent psycho-physiological examination.
93
399,207
thousand rubles
cost of external training
for the Concerns
employees in 2014
which is 10.6 thousand rubles per person
per year
1. Overview
In 2014, NPP PPSL specialists participated in

committees investigating 38 violations and 89
deviations in operation of nuclear power plants.
Based on the investigations, PPSL specialists
developed corrective actions aimed at prevention
of the same breaches in the future.
The achieved level of safety culture and commitment of personnel to the principles of safety
culture are evaluated systematically at all NPPs.
Pursuant to the Concerns regulations in 2014
Bilibino, Novovoronezh, and Leningrad NPP-2
were certied by PPSL.
The main personnel characteristics are provided
in Appendix 14.
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
94
Due to specics of nuclear power industry, the issue of highly qualied

personnel availability is one of the most important for the Concern to
achieve its strategic goals and ensure its economic stability. The Concern has a multi-level human resource development system in place:
starting from professional orientation work with secondary school and
university students and completing with preparation of personnel for
critically important top management positions.
HUMAN RESOURCE
DEVELOPMENT
SCHOOL INSTITUTION OF HIGHER
EDUCATION DIVISION
The Concern is directly interested in attracting
best students and graduates for work at NPPs
and other organizations forming part of the management circuit. Professional orientation starts
at school. In the cities where NPPs are located
nuclear classes are created to serve as a basis
for holding specialized academic competitions in
physics and mathematics for secondary school
students.
IN LATE 2014, MULTI-PROFILE ENGINEERING
ACADEMIC COMPETITION FUTURE OF RUSSIA STARTED WITH THE CONCERNS SUPPORT.
OVER 800 SECONDARY SCHOOL STUDENTS
TOOK PART IN THIS ACADEMIC COMPETITION.
THIS FEDERAL-LEVEL ACADEMIC COMPETITION
WAS ORGANIZED FOLLOWING THE ASSIGNMENT
GIVEN BY PRESIDENT OF THE RUSSIAN FEDERATION V.V. PUTIN AND WAS HELD FOR THE FIRST
TIME. THE CONCERN WAS CO-ORGANIZER OF
THE ACADEMIC COMPETITION ON THE SUBJECT
OF NUCLEAR ENERGY INDUSTRY AND TECHNOLOGIES: NOW SATELLITE TOWNS OF NPPS COULD
ALSO TAKE PART IN THE COMPETITION. WINING
THE ACADEMIC COMPETITION GIVES HIGH SCHOOL
GRADUATES ADVANTAGES AND BENEFITS WHEN
ENTERING LEADING RUSSIAN INSTITUTIONS OF
HIGHER EDUCATION IN THE TECHNICAL FIELD AS
WELL AS ADDITIONAL POINTS WHEN ENTERING

2014 Annual Report
THE PROGRAM OF EMPLOYER-SPONSORED EDUCATION ON THE SUBJECT OF NPPS FOR PROFESSION

ORIENTED SPECIALIZATIONS IN 2015.
Among the leaders in training of personnel for the

Concern are such institutions of higher education
as National Research Nuclear University MEPhI
with branches (Volgodonsk, Obninsk, and Seversk), Ivanovo Power Engineering Institute (IPEI)
(Ivanovo), Tomsk Polytechnic University (TPU)
(Tomsk), Voronezh State Technical University
(VSTU) (Voronezh), and Ural Federal University
(UFU) (Yekaterinburg). Employer-sponsored
education has become a tradition for the Concern. Since 2014 each prospective student must
conclude an agreement on employer-sponsored
education with the Concern as a prerequisite for
entering the employer-sponsored selection. If
such employer-sponsored students are successful
in their studies, they receive additional nancial
support in addition to their study allowance,
attend practical training at NPPs, and obtain an
employment offer upon completion of the educational institution. In 2014, 121 students were
accepted to the rst academic term as part of the
Concern-sponsored education program.
Each year the Concern participates in professional orientation activities for students of
leading technical institutions of higher education.
In 2014, the Concern organized business games
for students as a part of the Rosatoms Career
Days which took place in Tomsk, Yekaterinburg,
and Moscow. The winners were awarded with a
study allowance of Rosatom State Corporation
95
4.2
minimum diploma
average grade point
prerequisite for graduates applying for a job
at NPPs
and received advantages applicable to practical training and employment in the Concerns
organization. Also, in 2014, the Concern took
part in industry-specic contest of young
professionals TeMP which is a large-scale event
organized in order to select the best students
studying engineering specializations in Russian
institutions of higher education. Students and
graduate students had to solve real production
tasks business cases prepared specically for
the contest, with support of experts, employees
of the Concern and other organizations involved
in the industry. TeMP is a unique site: students
solve real tasks suggested by companies, and
it permits employers to select the employment
candidates who are most suitable for the real production environment. On the other hand, during
the contest students interact with representative of their future employer, because company
experts provide direct advice to participants, and
it permits graduate students to make conscious
choice of their future place of work.
Indicators of Efficiency of Personnel Reserve,

% of Appointments from the Personnel
Reserve in 2014
Appointments from the personnel reserve to critically
important positions
34.48
Participants of the personnel reserve who received the

appointment
29.90
as well as to manage career expectations of

employees increasing their level of involvement.
Development of personnel reserve is one of the
links of career and succession management.
The Concern successfully implements the unied industry-specic system for development
of personnel reserve for various position levels:
Rosatoms Talents for initial management level,
Rosatoms Capital for medium management level,
and Rosatoms Legacy for top management level.
Employees who have potential to management
activities, are motivated to achieve high results,
professional growth and development become
selected to the personnel reserve.
Each year employees are selected to the personnel reserve. As of late 2014, 318 employees of
the Concern who completed training on the development program were included into the reserve.
The graduate students who aspire to work at

nuclear power plants have to meet demanding
requirements: the mandatory prerequisite is the
average grade point of at least 4.2 and successful
attendance of practical training at NPP.
CAREER AND SUCCESSION MANAGEMENT.
DEVELOPMENT OF PERSONNEL RESERVE
Career and Succession Management is a process
intended to provide the availability of prepared
successors for companys management positions
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
96
PERSONNEL INVOLVEMENT
A survey held in late 2014 among personnel
showed that the Concern in terms of its working environment and team spirit is close to the
level of the best employers in Russia: 79% of
employees consider the Concern the best place

for work, make every effort to achieve goals, and
take pride in their work (at the companies considered the best employers in Russia the level of
personnel involvement is 84%).
Following common corporate values makes it possible for the Concern to achieve strategic goals.
79%
of employees consider
the Concern the best
place for work
Kola NPP
92%
Bilibino NPP
82%
Atomenergoremont
72%

2014 Annual Report
Balakovo NPP
91%
Rostov NPP
80%
Kursk NPP
88%
88%
Leningrad NPP
Smolensk NPP
79%
78%
Headquarters (Moscow) Beloyarsk NPP
71%
Novovoronezh NPP
68%
SPEAKING
STAYING
STRIVING
Involved employees
always speak positively
about the organization.
Involved employees
really want to stay in
the organization.
Involved employees
make extra effort to
contribute to the
success of the
organization.
Kalinin NPP
62%
97
ETHICAL PRACTICE
Following common corporate values makes it possible for the Concern to achieve strategic goals
The Concern has prepared and approved the following: Corporate Ethics Code, Ethics Regulation
Panel, and Regulations on the Authorized Ethics
G4-41, 56-58
Ofcer.
The Ethics Code denes the ethical basis of activity of the Concern, its branches, and employees.
It covers ethical principles, basic mechanisms
of their execution, and the Concerns commitments in specic areas of activity, including its
The Concerns
activity is based on
corporate values
which are common
for the entire
nuclear power
industry:
1. Overview
2. Strategy
and Outlook
relationship with Rosatom State Corporation,

society, and business partners. Ethic Councils
are created and Authorized Ethics Ofcers are
selected at all NPPs. More details about the
Ethics Code are available at: http://www.rosenergoatom.ru/partners/Ethical_practice/. In 2014 an
updated version of the Ethics Code was prepared;
its adoption is scheduled for 2015.
In 2015, Committee on Settling the Conict
of Interests was established. The objective of
the Committee is to make sure the Concerns
employees comply with their duties on prevention
and settlement of conict of interests and to
perform anti-corruption activities.
One step ahead
Accountability
Efciency
One team
Respect
Safety
4. Corporate
Governance
5. Interaction
with Stakeholders
3. Key Performance
Results
98
Rosatoms Person
of the Year
Rosatoms Person of the Year is an industry-wide
competition of professional achievements of
employees who work for companies of Rosatom
State Corporation.
SPECIAL NOMINATIONS OF THE
GENERAL DIRECTOR OF ROSATOM STATE
CORPORATION:
DIVISIONAL NOMINATIONS NOMINATIONS

FOR EMPLOYEES OF THE ELECTRIC ENERGY
DIVISION:
The joint team of Rosenergoatom Concern

OJSC, including Rostov NPP, VNIIAES JSC, Rostovatomtekhenergo, and NIAEP ASE JSC took
the 1st place in the nomination Victory of the
Year for starting power unit No. 3 of Rostov
NPP ahead of schedule;
The team of Rosenergoatom Concern OJSC
comprising Balakovo NPP and Balakovoatomenergoremont, took the 1st place in the nomination Efciency for the project on reducing
the timeline of replacing turbine condenser in
power unit No. 4 of Balakovo NPP in 56 days.
Vyacheslav Yuryevich Klimov, Dosimeter

Specialist at the Radiation Safety Department
of Balakovo NPP became the winner in the
nomination Dosimeter Specialist;
Tatyana Mikhailovna Sadovnikova, Laboratory
Chemical Analysis Specialist of the 7th discharge of Balakovo NPP became the winner in
the nomination Laboratory Chemical Analysis
Specialist;
Sergey Alexeyevich Tsymlyakov, Senior Operator of the Reactor Compartment of Kola NPP
became the winner in the nomination Operator
of the Reactor Compartment;
Alexey Ilyich Pecherkin, Driver Lineman of Turbine Equipment of the 7th discharge became
the winner in the nomination Driver Lineman of
Turbine Equipment;
Oleg Alexandrovich Shamarov, Electrician
Repair Specialist of Relay Protection and Automation of Smolensk NPP became the winner in
the nomination Electrician.
CORPORATION-WIDE NOMINATIONS
NOMINATIONS FOR ALL EMPLOYEES OF
ENERGY INDUSTRY COMPANIES:
Sergey Vladimirovich Zakharkov, Head of the
Information and Public Relations Department
of Leningrad NPP took the 1st place in the
nomination Mass Media and Internal Communications Management;
Anatoly Yevgenyevich Muraviev, Chief Specialist of Information and Communication Technologies of Balakovo NPP took the 1st place
in the nomination Information Technologies
Management;
Marina Mikhailovna Shindina, Leading Specialist for Staff Development of Smolensk NPP
took the 1st place in the nomination Human
Resource Management.

2014 Annual Report
99
Labor Protection
Evgeny Romanov
about Labor Safety
Today we hear a lot of

suggestions on how to
avoid injuries at construction sites. In my opinion,
the proven and efcient
solution consists in further development of our
proven industrial Labor
Safety Management System and its introduction
to the daily practice of the
entire chain of our external contractors followed
by a strict and rigorous
monitoring of compliance.
I think that we must part
with the companies and
managers who are not capable to comply with our
requirements, notwithstanding their operating
performance, because it
is better to lose a job in
the nuclear industry than
ones life or health.
Ensuring safe working conditions for nuclear plant

employees and contractor personnel is the Concerns key objective in labor protection, and one of
the key operating principles.
and safety are included in the Corporate Agreement in the Area of Labor and Social Relations
concluded between employer and the trade union
for 3 years.
G4-LA8
In 2014, the Concern continued systematic work

to improve safety level, including reduction of
industrial injuries and reduction of the impact of
harmful factors on personnel. Matters of health
In the reporting period, 2 the Concerns employees

suffered injuries (Beloyarsk and Kalinin NPPs),
both cases are classied as severe.
Number of Injuries at Operating NPPs in 2007-2014
Balakovo
2007
2008
2009
2010
2011
2012
2013
2014
Beloyarsk
1s
1f
1s
Bilibino
Kalinin
1s
1s
Kola
1s
Kursk
1f
Leningrad
Novovoronezh
1s
Rostov
1s
Smolensk
1s
Total:
1s
2 (1s)
6 (2f, 3s)
2 (1s)
2s
Dynamic Change in Injuries at Concerns Operating NPPs in 1992-2014*

49
* All injuries
happened to men
45
30
34
32
22
Minor injuries
Severe injuries
Fatalities
24
14
16
17
13
9
9
4
6
3
1
2
0
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
100
Standard Regulations on the Labor Protection Committee (Commission) were approved by Order of the
Ministry of Labor of Russia No. 412n dated June
24, 2014. The Order was registered with the Ministry of Justice of Russia under No. 33294 dated July
28, 2014 and entered into force from August 29,
2014 (published in the Rossiyskaya Gazeta, issue
No. 185 of August 18, 2014).
G4-LA5
Based on the Standard Regulations, labor protection committees (commissions) were established at each NPP by orders of Deputy General
Directors Concerns NPP Branch Directors with
due regard to opinion of the trade union organization. There are no such committees in the
headquarters.
Committees are an integral part of the labor protection management system as well as one of the
form of employees participation in labor protection management. Committees operate pursuant
to the principles of social partnership.
WORK WITH CONTRACTORS

Contractors employees working at the operating
NPPs suffered ve accidents involving injuries
in 2014 (among them two fatalities), in 2013
six accidents involving injuries occurred (three of
them were severe injuries).
Out of ve accidents involving injuries in 2014
three happened to employees of Atomenergoremont JSC. In order to analyze the causes of
increase in injury rate, extraordinary inspection
was carried out resulting in implementation of a
specic program for remedial actions at Atomenergoremont JSC.
Among six accidents involving injuries suffered
by contractors employees at NPPs under construction, ve accidents were caused by falling
from height (including four fatalities and one case
of severe injury due to falling into an unfenced
opening).
Dynamic Changes in Injury Rate among Contractors Personnel

NPP
Injuries, total:
2013
2014
3 (1f)
1 (1s)
Kursk
1f
Leningrad
Smolensk
2 (2s)
Total
6 (3s)
5 (2f)
1 (1f)
Beloyarsk, power unit No. 4
5 (1f, 2s)
2 (1f, 1s)
Leningrad NPP-2
6 (1f, 5s)
1f
Novovoronezh NPP-2
2 (1f, 1s)
3 (2f, 1s)
2 (2s)
16 (4f, 10s)
6 (4f, 2s)
At construction facilities of the Concerns operating NPPs

Balakovo
Kalinin
At construction facilities of the Concerns NPPs under construction

Baltic
Rostov, power units Nos. 3 and 4

Total

2014 Annual Report
101
General decrease in the amount of accidents

involving injuries among contractors over the last
years was achieved thanks to the implementation
of standard approaches to the organization of
the labor protection management system at NPP
construction sites, including the following:
Implementation of the Standard Regulations
on the Labor Protection Management System
at NPP Construction Sites (SR LPMS);
Implementation of the Plan of Additional Activities on Safety and Injury Prevention during
Construction, Repair, Reconstruction, and Modernization of Facilities where Nuclear Power
is Used according to Order of Rosatom State
Corporation No. 1-1/15-PP dated February
11, 2014;
Implementation of activities according to
Concerns order No. 9/846-P dated August 5,
2014 On Injury Prevention during Construction of NPP Facilities.
ECONOMIC INDICATORS OF LABOR

PROTECTION EXPENSES
These funds were spent on the following:
Labor protection activities according to collective agreement;
Ensuring normal working environment;
Improvement of labor conditions and
protection;
Acquisition of personal protection equipment;
Therapeutic and preventive nutrition.
NPP
Expenses (thousand rubles)
Balakovo
471,121
>9.2
Beloyarsk
141,014
Bilibino
156,966
Kalinin
1,022,303
Kola
4,806,241
Kursk
510,826
Leningrad
1,093,694
Novovoronezh
498,313
Rostov
529,306
Smolensk
813,042
TOTAL
bln rubles was spent

on labor protection
in 2014 (in 2013
1.2 bln rubles)
9,273,725
Key Results in Labor Protection in 2014
1 2 3 4
Planned activities
aimed at enhancing
labor protection at
operating NPPs and
NPPs under construction were put into
practice.
The condition of labor

protection at NPPs
was checked according
to safety inspection
schedule for 2014.
Labor protection workshops were held for

deputy general directors
of general contractors involved in NPP
construction.
A set of actions on
implementation of
the Federal Law
On Special Evaluation
of Labor Conditions
No. 426-FZ was
performed.
Priority tasks for 2015
1 2 3
1. Overview
Implementation of a set Exclusion of conditions that may lead

of actions on providing
proper labor conditions to injuries.
for employees during
construction and startup
of NPP facilities.
Not to exceed the Lost

Time Injury Frequency
Rate (LTIFR) value of
0.15 which is the most
ambicious indicator in
the industry.
2. Strategy
and Outlook
4. Corporate
Governance
3. Key Performance
Results
5. Interaction
with Stakeholders
102
3.8.
1. The term intellectual capital is described in the glossary
(Appendix 16).
Results of Employing
Graduates with Higher
Education in 2014, %
12
32
6
50
Other institutions
Intellectual Capital1. Knowledge

Preservation and Transfer.
Innovations Management
WORKING WITH GRADUATES
In 2014, 415 graduates with higher education
were hired by branches and organizations of
the Concerns management circuit. The share of
supportive institutions of higher education of
Rosatom State Corporation in the total amount of
new hires has increased in 2014 comparing with
2013 by 3% and totaled 68% 283 persons.
Among them the share of MIFI National Nuclear
Science Research Institute and branches in the
The following main areas of preparation were

especially important in 2014: heat power
engineering and heat technology; electric power engineering and electric technology; nuclear
power plants: design, operation, engineering, and
nuclear reactors and materials. Comparing with
2013, in 2014 the need in specialists majored
in the area of nuclear reactors and materials
Number of Graduates Employed in 2013 and 2014 by Institutions of Higher Education
of higher education (132 pers),

34 institutions of higher
education
MIFI NNSRI (23 pers)

11 supportive institutions
total amount of new hires totaled 18% (74 persons) which is 6% more than in 2013.
Hired in 2013
Hired in 2014
102
70
67
51
of higher education (209 pers)
50
45
37
3 branches: INPE, VETI,
26
33
32
21
23
17
and STI (51 pers)
IPEI
TPU
Branches
of MIFI NNSRI
(INPE, VETI)
VSTU
25
MIFI NNSRI
UFU n.a.
B.N.Yeltsin
13
MPEI
11
Yu.Gagarin
STUS
Number of Employed Graduates in 2013 and 2014 by Areas of Preparation

67
65
Heat power engineering

and heat technology
55
52
Electric power engineering

and electric technology
48
Nuclear power plants:

design, operation, engineering
Nuclear reactors and materials
45
15
37
23
30
Nuclear power engineering

and thermal physics
23
22
Electronics and automatics

of physical installations

2014 Annual Report
12
Power engineering
16
14
16
Physics
10
9
28
Economics
6
13
Heat and power supply to specialized

technical systems and facilities
Chemical technology of materials
in modern power industry
18
Hired in 2013
17
Construction
34
Nuclear physicsand technology
29
Process and production

automation
5
11
1
Hired in 2014
103
Recruitment Plan
for Graduates
of Institutions of Higher
Education in 2015-2021
Institutions of Higher
Education where More
than 50 Graduates
are Planned for
Recruitment by 2021
has increased, and the need in specialists majored

in the area of nuclear physics and technologies
has decreased. The need in specialists majored in
all other areas remained at the same level.
By 2021 more than 3,000 graduates with higher
education are to be employed by branches and
organizations forming part of the Concerns management circuit, and the share of Rosatoms supportive institutions of higher education will comprise approximately 70% of this amount, which is
the highest indicator in the entire industry.
KNOWLEDGE TRANSFERRING SYSTEM
AND MENTORING
707 (22%)
533 (17%)
510 (16%)
437 (14%)
286 (9%)
178 (5%)
178 (5%)
132 (4%)
101 (3%)
94 (3%)
50 (2%)
Branches
of MIFI NNSRI
IPEI
Other
institutions
of higher
education
A mentoring system has been introduced at all NPPs.

A mentor chosen from among highly skilled employees is assigned to every newly employed young specialist and trainee. Mentor helps the young specialist
during their on-boarding period, transfers knowledge
necessary for the specialist to carry out their work,
and monitors performance of assigned tasks.
TPU
MIFI NNSRI
VSTU
UFU n.a.
B.N.Yeltsin
MPEI
SPbPU
Yu.Gagarin STUS
Bauman MSTU
Veteran employees play an important role in

knowledge transfer. Rosenergoatom Concern
OJSC has an agreement with the interregional
non-governmental organization of Concerns veteran employees on veterans (pensioners) social
protection which provides, among other things, for
transfer of expertise and knowledge to the young
generation of employees and education of youth
in the spirit of patriotism and continuation of the
Concerns glorious labor traditions.
The main part of IP is created during performance

of research and development work under contracts nanced by the Concern itself. All research
and development work initiated by the Concern
has applied nature and aimed at resolving real
current needs at NPPs and detecting long-term
objectives of Concerns production and research
activity.
The main areas of the Concerns research activities include modernization of NPP power unit
design and construction processes, extension of
service life of the main equipment through development and use of new materials and processes
as well as development of new reactor units
subject to unconditional safety at all stages of life
cycle of NPPs.
The Concerns intellectual property portfolio comprises exclusive rights to 319 items of intellectual
property, including 162 invention patents and 60
utility model patents, 95 items of software for PC
and databases, among them two items of software for PC have certicate issued by the Federal
Service for Intellectual Property (Rospatent), and
two trademarks. There was no activity on legal
protection of intellectual property abroad.
In 2013-2014 the Concern was not involved in
legal protection of know how.
INTELLECTUAL PROPERTY MANAGEMENT

In the Concern intellectual property (IP) management is aimed at creation, efcient use (including
matters of commercialization), and protection of
companys IP.
The main objectives of IP management are as follows:
Creating environment for efcient use of IP
Providing efcient protection of rights to IP
Providing efcient mechanisms and procedures
for IP commercialization
Developing labor-saving and innovative culture
among employees.
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
2013
2014
Invention patents obtained
Utility model patents obtained
Certificates on trademark
registration obtained
Applications for invention

patents filed
3
(two patents for utility
models obtained)
Applications for utility

models filed
Applications for trademark

registration filed
4. Corporate
Governance
5. Interaction
with Stakeholders
104
INNOVATION MANAGEMENT
Innovation development of Rosenergoatom
Concern OJSC is an integral part of maintaining
positions of technology leader of Rosatom State
Corporation and one of the main areas of strategic development of the company.
3.5
The main areas of innovative development of

Rosenergoatom Concern OJSC are the following:
bln rubles invested in

R&D nancing in 2014
as part of the Concerns
Integrated Investment
Program
Improving competitiveness in the nuclear

power market by: enhancing processes of
design and construction of nuclear power units; extending service life of principal
equipment, including during development
and implementation of new materials and
processes;
Creating new processes and products for
energy markets through development of new
reactor units;
Gradual process and product diversication
through transfer of own achievements to new
(for Rosenergoatom Concern OJSC and Rosatom State Corporation) markets.
Solving high-priority tasks of innovative development is aimed at achieving the following strategic
goals:
1. Closure of nuclear fuel cycle at the power units
with BN-1200 and VVER-TOI with mixed uranium plutonium fuel:
Implementation of the R&D program;
Construction of NPP power units with fast
breeder reactors operating in nuclear energy
system with closed nuclear fuel cycle.
The work on achieving this goal is performed as
a part of the program New Technology Platform:
Closed Nuclear Fuel Cycle and Fast Breeder
Reactors.
2. Increasing competitiveness of nuclear power
industry through construction of VVER power

2014 Annual Report
units using new designs with enhanced performance indicators.

In 2014 the Concern acted as the owner of work
to develop new nuclear energy technologies, while
simultaneously solving the following tasks:
Developing proposals and supporting the Concerns uniform science and technology policy;
Systematic implementation of results of scientic research in production; conducting the full
innovative cycle of R & D;
Coordinating scientic research and engineering to support the NPP operation;
Providing for an integrated system to control
research in science and technology in order to
maintain high efciency and competitiveness;
Working out a patent and license policy regarding intellectual activities.
Based on Rosatom State Corporation Long-Term
Action Plan (20092015) approved by Resolution of the Government of the Russian Federation
No. 705 dated September 20, 2008, and local
corporate regulations, the Concern prepares
annual R&D action plans on an annual basis. The
approved spending target is stated in the respective section of the Investment Program for the
planning year.
In 2014, R & D nancing totaled 3.5 bln rubles
under the Concerns Integrated Investment Program, including over 1 bln rubles for innovative
designs with fast breeder reactors.
FAST BREEDER REACTORS
To date, the Russian nuclear industry has accumulated unique practical experience on creation
of fast breeder reactors and their successful
operation over a long term. They are expected to
enable the transition of the nuclear power industry to a closed fuel cycle that will ensure more
efcient use of uranium resources and a solution to environmental problems associated with
handling spent nuclear fuel and radioactive waste.
105
BN-800
reactor of power unit
No. 4 at Beloyarsk NPP
The technologies used in fast breeder reactors

and the closed fuel cycle have great innovative
potential, while the start and operation of power
unit No. 4 at Beloyarsk NPP with a BN-800
reactor unit in 2015 is of special importance.
Currently there are no similar foreign facilities
(operating power units with fast breeder reactors
with industrial capacity).
power plant is in progress. The general engineering contractor Atomenergo CJSC completed design
and survey work and nalized the preparation of
design documents for the FTNPP onshore and
hydraulic facilities. In 2014 the documents were
submitted to Federal Autonomous Institution
State Expert Evaluation Department
(Glavgosekspertiza) to obtain their opinion.
In 2014 R & D on substantiating the design of a

power unit with the BN-1200 fast breeder reactor
continued as a part of the Rosatom State Corporation Long-Term Activity Program (2009-2015).
In 2014 the detailed design of the BN-1200 reactor core with MOX fuel and main developments
on construction and process components of
BN-1200 power unit were completed. Power unit
process parameters, including in case of breaches
in normal operation were reviewed.
In 2015-2016, it is planned to complete the

installation and piping of steam-generating
units on the oating power unit, approve design
documentation with the Concern, and obtain a
permission with Rosatom State Corporation for
the construction of FTNPP onshore and hydraulic
facilities, nalizing the assembly of FPU superstructure sections, storage facility equipment
for SFA and solid RAW, and nuclear fuel loading
facilities.
For 2015 expert review of the prepared documents is scheduled, with subsequent adjustments
to be made and preparation of technical assignments for design of BN-1200 power unit as a
power unit No. 5 of Beloyarsk NPP.
FLOATING THERMAL NUCLEAR
POWER PLANT (FTNPP)
In 2014 the Concern continued construction of
the rst (head) 70 MW oating thermal nuclear
power plant (FTNPP) based on the oating power
unit (FPU) equipped with two KLT-40S reactors.
The FTNPP shall be stationed in Pevek, Chukotka
Autonomous Okrug. The FTNPP is to be put into
operation in 2019.
Under the FPU Further Construction Contract
entered into between the Concern and Baltiysky
Zavod Sudostroenie LLC in 2012, the FPU hull,
with a part of the superstructure with installed
systems and equipment, was constructed as of
December 31, 2014. The volume of constructed
hull structures totaled 100%, with 78% completion of general onboard systems. Component
manufacturing for systems supporting the nuclear
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
70 MWh
the capacity of the rst (pilot)
oating thermal nuclear power plant
(FTNPP)
4. Corporate
Governance
5. Interaction
with Stakeholders
106
3.9.
Social Capital and Goodwill.

Developing Areas of Presence.
Charity
Development of social capital and areas of presence

forms an integral part of the Concerns development
strategy. The social policy implemented by the
Concern in its areas of presence enjoys active
support of communities and reects the needs and
goals of social development in these communities.
SOCIAL POLICY1
VOLUNTARY INSURANCE
FOR EMPLOYEES
In accordance with current legislation, the
Concern employees are entitled to medical care
in Russian Federal Medical-Biological Agencies
(FMBA) institutions. In addition to local Compulsory Health Insurance (CHI) programs and state
guarantee programs, the Concern provides to
its employees voluntary medical insurance and
insurance against accidents and disease. Employees can insure their family members at their own
expense using the corporate discount. Under the
VHI program employees and their family members
can receive special information, consulting, and
medical assistance both in the medical institutions of their region and in institutions located in
Moscow and St. Petersburg.
2.65
Under the collective agreement employees of
Rosenergoatom Concern OJSC are entitled to
voluntary health insurance (VHI), private pension
insurance (PPI), and health-improving programs.
Great attention is paid to support long serving
employees of the industry and develop the potenG4-11, including footnote 2
tial of the youth.
bln rubles
In 2014 the funds
channeled to implementation of the
social policy
The Concerns Social Expenditures in 2012-2014, thousand rubles

2012
Costs per employee

Total costs for implementation of social policy
2013
2014
Plan for 2015
68.7
75.8
70.8
74.14
2,399,639
2,750,786
2,653,527
2,813,457
Including by main programs

1. The main provisions of the
social policy and liaison with
trade union are disclosed in the
Concerns Annual Report for
2013 (pages 203-206).
2. Concerns order No. 1720
dated December 23, 2010 on
co-nancing canceled order No.
891 dated September 22, 2006
on private pensions starting from
January 1, 2014.

2014 Annual Report
Health programs (VHI, accident insurance)
274,203
309,718
326,477
324,470
NGO
547,584
1,126,185
218,7072
203,535
Health resort treatment
204,528
219,069
299,488
325,502
Support of retirees
324,836
331,300
343,898
314,200
Assistance in housing acquisition
21,280
148,962
184,252
338,445
Organization of culture and sports events
458,672
309,529
522,541
472,190
107
986.3
mln rubles the Concerns expenses on
health rehabilitation
and improvement in
2014
PERSONNEL
REHABILITATION
Each year the Concern conducts activities for
personnel rehabilitation in departmental clinics
and health resort institutions. In the year of
2014, for example, 11,298 persons received
health rehabilitation and treatment in 10 clinics at
the nuclear plants, under rehabilitation programs
to treat cardiovascular, musculoskeletal, nervous
system, gastrointestinal, and other conditions.
Another 7,660 employees enjoyed health rehabilitation treatment away from home, in rehabilitation institutions and resorts in 20 health centers
on the Black Sea, the Mineral Waters area of the
Caucasus, and midland Russia.
PRIVATE PENSION
INSURANCE
G4-EC32
19.97
mln rubles the costs
of insurance against
accidents and disease
in 2014
The Concerns expenses on private pension

arrangement in 2014 totaled 218.7 mln rubles.
The total number of the Concerns retirees receiving non-government pension in
Atomgarant Non-Government Pension Fund is
15,308 persons. The average private pension
amounts to 2,137 rubles.
The pension funds paid by NGPF Atomgarant as
a non-government pensions to retirees for 2014
total 284.2 mln rubles. 6,339 employees participate in the Concerns program on co-nancing of
pension.
The Concern provides for private pension insurance of employees through industry-based Atomgarant Non-Government Pension Fund under the
executed pension agreement.
Pension obligations are covered from the general resources of Rosenergoatom Concern OJSC
which assessed value was 218.7 mln rubles in
2014. The obligations are covered in their entirety
according to the pension benet arrangement.
The obligations with respect to the pension plan
for 2014 were evaluated as of December 31,
2013 and obtained on the basis of the actuarial
expectation with due regard to the number of
employees who participate in the Concerns pension plan and an average contribution per pension
plan participant employee.
Upon retirement of an employee of Rosenergoatom Concern OJSC, the degree of participation
in the pension plan is determined based on the
1. Overview
length of service in nuclear power industry at

least 15 years at the time of achieving retirement
age according to pension legislation of the Russian Federation.
2. Strategy
and Outlook
3. Key Performance
Results
Information on Share of Salary Contributed

by Employee/Employer
Age of the
participant
Ratio of pension contributions

(in % of employees monthly salary)
Employee
Employer
18-29
0.8
1.6
30-35
36-39
1.3
2.6
40-44
1.5
45-49
1.7
3.4
50 and older
4. Corporate
Governance
5. Interaction
with Stakeholders
108
YOUTH POLICY, MASS SPORTS

AND PHYSICAL CULTURE
As a part of its youth policy the Concern traditionally pays special attention to working with young
people increasing their educational level and literacy, promoting academic and research activities
among young people.
IN 2014 OVER 2,500 PERSONS FROM THE

CONCERNS TEAMS AND CREATIVE TEAMS OF NPPS
TOOK PART IN CORPORATE SPORTS AND CULTURAL
EVENTS. THE FUNDS SPENT TO SUPPORT SPORTS
AND PHYSICAL CULTURE TOTALED 522,541
THOUSAND RUBLES.
Activities aimed at implementation of the youth

policy in 2014
The most important cultural and sports

activities held in 2014
In May the 10th International Tournament in Brain

Games (What? Where? When? and Brain Ring)
was held among young employees of the nuclear
power industry in the city of Zarechny (Beloyarsk
NPP).
The 8th Summer Spartakiada Games for employees of Rosenergoatom Concern OJSC Sport NPP2014 (Rostov NPP, 300 persons).
In September a team from the Union of Exploration Troops of Rosenergoatom Concern OJSC
participated in the inter-regional Memory Watch
in the Kaluga Oblast.
In October Smolensk NPP hosted the 12th International Youth Festival Automn Maximum for
Teams of the Club of the Cheerful and Quick-Witted from various companies operating in nuclear
power industry.
In October Smolensk NPP hosted the Coordination Board of Authorized Representatives of
Youth Organizations of Rosenergoatom Concern
OJSC.
Nuclear Regata-2014 water sports open tournament for prizes of Rosenergoatom Concern OJSC
(Kola NPP, 150 persons).
Energy of Life-2014 competition among creative
teams of retirees of Rosenergoatom Concern OJSC
(Novovoronezh NPP, 160 persons).
Ceremonial events dedicated to the 60th anniversary of Russian power energy industry (city of
Obninsk, 400 persons).
6th Spartakiada Games for employees of the
Headquarters of Rosenergoatom Concern OJSC
(Moscow, 250 persons).
In November Novovoronezh NPP hosted the

International Research Conference of Young NPP
Employees Youth of NPPs: Safety, Science, and
Production.

2014 Annual Report
109
IMPROVING HOUSING CONDITIONS
870
apartments were built
in 2014 under the
program
The Concern annually provides signicant support

to hundreds of employees families to improve
their housing conditions. In 2014, housing
construction and assistance to employees in
obtaining permanent housing was carried out in
accordance with the Concern housing program
approved in 2012. The Concern helps its employees with purchasing permanent housing and,
depending on their needs, employees can request
interest-free loans to pay their rst mortgage
installment, and/or partial reimbursement of
interest on the mortgage loan.
Taking care of its veteran employees is an important directive of the Concerns social policy. The
main objective for the veterans movement is to
maintain the achieved level of cooperation with
veterans, getting them involved in activities of
their choice, allowing them to share their experiences with younger specialists, providing skilled
medical assistance, and helping them with daily
chores.
FROM THE FUNDS ALLOCATED BY THE CONCERN

UNDER CHARITY CONTRACTS, MOOVK PROVIDED
47.3 MLN RUBLES AS FINANCIAL AID TO RETIREES
IN DIFFICULT SITUATIONS; 10.4 MLN RUBLES FOR
HEALTH RESORTS AND MEDICAL REHABILITATION
OF RETIREES. THE EXPENDITURES ON EXECUTION
OF DIRECT CONTRACTS WITH NFM TO PROVIDE
MEDICAL SERVICE TO VETERANS TOTALED 13.4 MLN
RUBLES, ON ORGANIZATION OF HEALTH IMPROVING
REST AND CULTURAL ACTIVITIES TOTALED 3.9 MLN
RUBLES. VETERANS RECEIVED NURSING SERVICES
AND PRESENTS ON HOLIDAYS AND ANNIVERSARIES.
COUNTING ALL EXPENSE ITEMS, FINANCIAL AID
WAS PROVIDED TO RETIREES IN 23,891 CASES.
2. Strategy
and Outlook
4. Corporate
Governance
VETERANS MOVEMENT
1. Overview
IN 2014 THE ACTUAL NUMBER OF RETIRED

EMPLOYEES IN THE INTER-REGIONAL ORGANIZATION
OF CONCERNS VETERANS (MOOVK) TOTALED 16,100
PERSONS, INCLUDING: 1,072 PARTICIPANTS IN
EMERGENCY RESPONSE CAMPAIGN OF THE CHERNOBYL NPP AND PO MAYAK, 546 GREAT PATRIOTIC
WAR, WARTIME HOMEFRONT VETERANS, AND CONCENTRATION CAMP PRISONERS, AND 7,102 VETERAN EMPLOYEES OF THE NUCLEAR POWER INDUSTRY.
3. Key Performance
Results
5. Interaction
with Stakeholders
110
Social and Economic

Influence on Areas of
Presence
Investments in
infrastructure
Creation and support

of housing stock
Improving housing conditions for employees
DEVELOPING AREAS OF PRESENCE

In 2014 the spending on activities under contracts with regional governors in the regions where
Russian NPPs are located totaled 1.22 bln rubles.
The indicator of implementation of the contracts,
based on the activity program in 2014, totaled
103.4%.
In 2014 the Concern transferred 8,632 mln rubles
to the settlement account of the responsible
participant of the consolidated taxpayers group
(Atomenergoprom JSC) for payment of corporate
income tax (in 2013 5,601 mln rubles).
Investments in infrastructure form an important
aspect of the Concerns social responsibility. The
Concerns investment programs typically include
construction of social facilities and infrastructure.
Key infrastructure components in the hometowns of nuclear plants were built simultaneously with construction of NPPs. The table below
contains data about past investments into the
development of infrastructure in 2014. Information about the Concerns contribution to infrastructure of geographical regions in the previous
time periods is provided in the Concerns annual
report for 2013 (pages 208-209).
PURSUANT TO A COMPREHENSIVE PROGRAM
ON PROVISION OF THE CONCERNS EMPLOYEES
WITH HOUSING, OVER 625,000 M2 OF HOUSING
IS PLANNED TO BE BUILT, WHICH MEANS ABOUT
10,500 APARTMENTS UNTIL THE YEAR 2020.
CONSTRUCTION OF HOUSING IS ONE OF THE MOST
IMPORTANT CONDITIONS IN ATTRACTING QUALIFIED
PERSONNEL. IT IS ESPECIALLY IMPORTANT GIVEN
THE SCALE OF CONSTRUCTION OF NEW POWER
UNITS.
Infrastructure Facilities Created in Areas of Presence with Concerns Support in 2014
Programs on liason
with educational institutions, veteran and
youth organizations

2014 Annual Report
Areas
Infrastructure facilities put into operation and work completed
Beloyarsk NPP,
Town of Zarechny,
Sverdlovsk Oblast
Kola NPP, town of Polyarnye Zori,

Murmansk Oblast
Kursk NPP, town of Kurchatov,

Kursk Oblast
Neptun swimming pool (the largest social facility of all put into operation in 2014);
Youth theater;
New kindergarten for 219 children (the construction is completed);
Construction of kindergarten with a swimming pool (delivery is scheduled for 2015);
Gas supply program to villages of the Zarechny town circuit;
Construction of new residential micro-district in Zarechny is currently at the final stage, the first set of
residential houses is delivered and people already live there;
Several projects on modernization of housing maintenance and utilities is currently in progress;
The Concerns grants were used to built the urban sports complex Belka Ropes Park and acquire
sports motorcycles for the youth motorsports club.
New sports and fitness center in the integrated center for social services;
Reconstruction of the open ice court;
Improvement of the urban park of health and recreation;
Construction of Spiritual and Outreach Center under the St. Trinity Cathedral and the Avenue of
Construction Workers.
14 storey apartment building is put into operation in the town of Kurchatov;

Major repairs of motor roads;
Repairs in schools and kindergartens;
Efforts on setting up a network of basic educational institutions;
Teaching programs for the disabled as a part of the program Accessible Environment;
Sports and recreation complex, boiler, and fire station were built in the town of Lgov and the Lgov
Oblast;
An office building was reconstructed to create a sports complex and a kindergarten.
111
Areas
Infrastructure facilities put into operation and work completed
Leningrad NPP, town of Sosnovy

Bor, Leningrad Oblast
Funds were allocated to the Malakhit sports and culture complex for the acquisition of equipment
for biathlon center; to secondary schools of general education: No. 7 to build and reconstruct the
sports area of the school, No. 3 to perform major repairs of the sports hall, No. 6 as a construction cofinancing, No. 2 to repair sports ground.
Novovoronezh NPP, town of

Novovoronezh, Voronezh Oblast
Construction of bell-tower in the Cathedral of the Christ the Savior and construction of the John the
Baptist Cathedral were continued;
Childrens playground in hospital No. 33 was improved;
A stele was installed at the entrance to the city of Novovoronezh to commemorate the 50th
anniversary of putting into operation of the first in Russia VVER nuclear power unit;
Construction of the urban stadium was completed;
Construction of the martial arts center was continued;
Improvement of the Knowledge Square at the Novovoronezh Polytechnic College;
Improvement and repair of streets of the urban circuit.
Smolensk NPP, town of

Desnogorsk, Smolensk Oblast
An apartment building with 135 apartments was put into operation;

Assembly of the stele dedicated to the first construction workers of the city and NPP;
Assembly of the monument Good Angel the Peace Keeper;
Improvement of the Avenue of Glory and the Square of Labor Glory, Health Path, and the city in
general;
Assembly of the monument dedicated to the saints Pyotr and Fevronia of Murom.
Work with educational institutions

in the areas of NPP presence includes career
consulting for high-school students, and support
of target-oriented education of students, organization of academic competitions and contests.
For example, the Concern is involved in annual
vacancy fairs for students of specialized institutions of higher education, offering internships
and apprenticeships at nuclear plants. Among
the unique projects are educational projects for
schoolchildren, such as the Childrens Nuclear
Academy at Kola NPP, Atom Classes, a lecture
cycle My Profession for high school students at
Leningrad NPP, and others.
Programs for young employees of the Concern
seek to create conditions for efcient work and to
help developing creative potential. Key directions
to support young specialists are as follows:
1. Overview
More details about work with youth is provided in Section 3.8. Intellectual Capital.
Knowledge Preservation and Transfer Innovation
Management.
CHARITY
The Concern implements charitable programs
since its incorporation, and considers this activity
one of its best corporate traditions. After years
of cooperation, main principles and terms of
interaction have evolved between the Concern
and charity recipients. Co-nancing is one of such
principles: the Concern partners up with other
businesses and organizations in virtually every
project. In addition, the Concerns charity projects
have input from private individuals, including
employees of nuclear plants and headquarters.
A system of adaptation, training, and mentoring for young specialists;

Youth organizations in science and technology, occupational training, social activities and
sports;
Additional higher education and advanced
training programs;
Housing for Youth project;
Plans for career growth and development of
management skills.
Traditional areas for charity and sponsorship

include: assistance to socially disadvantaged
citizens orphaned children or persons in dire
straights, the disabled, Chernobyl disaster
liquidators, war and homefront veterans, large
families, etc.; restoring and renovating places
related to Saint Sergius of Radonezh and Seraphim of Sarov; church building in the towns of
NPP presence; support and promotion of sports
and a healthy lifestyle, and patriotism; events
aimed to improve social and sport infrastructure
2. Strategy
and Outlook
4. Corporate
Governance
3. Key Performance
Results
5. Interaction
with Stakeholders
112
428.9
mln rubles are to be
destined to charity and
sponsorship in 2015
in communities around NPP, landscaping; support

for cultural projects that promote moral values
and responsibility.
Completed construction of the Seraphim of Sarov
Cathedral in the town of Kurchatov in 2013
became one of the important projects funded by
the Concerns charitable contributions. In 2014
work on interior nishing and decoration and
external improvement of the Cathedral was in
progress. In 2014 the Concern participated in
celebration of the 700th anniversary of Sergius
of Radonezh in the Holy Trinity St. Sergius Lavra
(nancing of hotel construction for pilgrims)
which also represented an important contribution.
Charity and Sponsorship Costs, mln rubles

Charity and sponsorship
category
2012
2013
2014
Traditional events under the

charity and sponsorship policy
191.4
187.7
169.1
Charitable activities and

sponsorship in nuclear plant
locations (including aid to
retirees, persons in need,
institutions for children,
sports infrastructure, etc.)
186.0
112.0
120.5
Industry-level programs
209.2
167.0
106.8
Total
586.6
466.7
396.4
Also, in 2014 the Concern provided sponsor

assistance to 8 organizations for approximately 117 mln rubles, including Baltika Football
Club OJSC and Dynamo Volleyball Club NCP
Leningrad Oblast.
>
Seraphim of Sarov
Cathedral in Kurchatov
City

2014 Annual Report
113
3.10.
Investments
in Development
The Concerns investment activities through capital investments seek

to implement the Long-Term (20092015) Program of Rosatom State
Nuclear Energy Corporation approved by Resolution of the Government
of the Russian Federation No. 705 of September 20, 2008 (as amended
in October 4, 2013) to the extent of development of the nuclear power
industry in Russia. With a view to continuous and efcient implementation of this objective as well as in order to achieve strategic goals, the
Concern has prepared investment programs for the long term, medium
term (three years), and short term (one year).
The Concerns investment programs are prepared

in full conformity with strategic goals of the
Electric Energy Division aimed at providing consumers with electrical and heat power produced
at Russian NPPs with guaranteed safety as a top
priority of its activities.
Distribution of functions among the parties
involved in the investment process is regulated
in the Investment Agreement between Rosatom
State Corporation, Atomenergoprom OJSC, and
Rosenergoatom Concern OJSC.
Investment activities of Rosenergoatom Concern
OJSC are nanced from the Concerns own funds,
from assets contributed by Rosatom State Corporation, and, when necessary, using borrowed
funds.
Pursuant to the resolution of the General Meeting
of Stockholders of Rosenergoatom Concern OJSC
(Minutes No. 7 of June 24, 2014), the Concerns
prot of 281.7 mln rubles were used for investments in development.
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
Investment Activities (100%)

2
22
74
Investment projects on
construction of NPP power
units, including the Floating
Thermal Nuclear Power Plant
construction project and
nancing of research work
for new NPP power unit
construction sites
Projects and activities at
Investment projects at the

facilities with spent nuclear fuel
and radioactive waste
Other investment projects and

activities: facility conservation,
research and development work,
technical regulations and other
pre-design work
operating NPPs: investment

projects on service life
extension at power units of 1st
and 2nd generations, Ensuring
safe and stable operation
of operating power units
4. Corporate
Governance
5. Interaction
with Stakeholders
114
The Investment Program of Rosenergoatom

Concern OJSC for 2014 was duly submitted to
the Ministry of Energy of the Russian Federation,
with the planned investments of 185,356.91 mln
rubles (210,450.46 mln rubles VAT included). The
actual level of fulllment of the Investment Program of Rosenergoatom Concern OJSC in 2014
totaled 190,875.18 mln rubles (216,499.39 mln
rubles VAT included).
Furthermore, the funds of the Rosatom State Corporations asset contribution totaling 55,297.2
mln rubles were channeled to investment projects
related to construction of NPP power units.
The following projects were implemented in 2014
in subsidiaries of Rosenergoatom Concern OJSC
(nancing totaled 3,229.85 mln rubles, VAT
included):
Projects of guaranteed suppliers of
AtomEnergoSbyt JSC in Kursk, Tver, and
Smolensk Oblast 2,992.74 mln rubles, VAT
included;
Construction, reconstruction, and equipment of
production bases of Atomenergoremont JSC
76.27 mln rubles, VAT included;
The goals of these projects include extending

competencies of Rosatom State Corporation,
ensuring stability of its positions in the energy
market, increasing consolidated prot and revenues of Rosatom State Corporation from sales of
electric power, guaranteed sales market for energy
produced by organizations of Rosatom State
Corporation, and increasing signicance and inuence of the State Corporation throughout Russia.
2015
2016
2017
2018
106,573.10
101,161.94
106,944.60
132,808.32
177,270.3
178,981.2
154,191.0
146,230.5
136,554.3
In 2014, following competitive processes,

AtomEnergoSbyt JSC was awarded the status of
guaranteed supplier in Kursk, Tver, Smolensk, and
Murmansk Oblasts (orders of Ministry of Energy
of Russia Nos. 116 and 117 dated March 19,
2014 and No. 311 dated May 23, 2014, and No.
843 dated November 18, 2014).
The Estimated Demand for investments to Fixed

Capital in 2015 and in 2016 -2018 is as follows:
Dynamic Changes in Investments in 2009-2014,

mln rubles
201,778.4
Activities of Atomtekhenergo JSC (acquisition

of equipment for start-up work etc.) 97.79
mln rubles, VAT included;
Activities of VNIIAES JSC (construction of laboratory and storage complex etc.) 63.05 mln
rubles, VAT included.
88,297.3
53,239.8
2009
2010
68,496.5
2011
58,207.5
2012
57,208.2
55,297.2
2013
According to the Investment Program of Rosenergoatom Concern OJSC

for 2016-2018 submitted to the Ministry of Energy of Russia with
letter of Rosenergoatom Concern OJSC No. 9/01/335 dated March 31,
2015.
2014
Changes in contributions to xed capital

Changes in asset contribution

2014 Annual Report
115
13.6
The following standalone subdivisions of AtomEnergoSbyt JSC were created in order to perform the function of the guaranteed supplier:
KurskAtomEnergoSbyt SS, TverAtomEnergoSbyt
SS, branches SmolenskAtomEnergoSbyt, and
KolAtomEnergoSbyt with a ramied network of
departments and stations which ensure maximum
available and comfortable service to all consumers
of electric power in the regions.
mln rubles
net prot of
AtomEnergoSbyt
These projects permitted AtomEnergoSbyt JSC to

implement the strategy of entry into the sales of
electric power. The revenues of AtomEnergoSbyt
JSC in 2014 totaled 29,809.8 mln rubles, net
prot totaled 13.6 mln rubles.
Key Results of the Project Creation of Electric Power Commercial Accounting Systems
in 2014:
A subsidiary of AtomEnergoSbyt JSC was created Atomenergopromsbyt JSC. Unregulated
type of activity was separated to become an
independent energy sales company;
Negotiations with companies were held; at
the rst stage, 10 nuclear industry companies
will be introduced in the wholesale market of
electric power and capacity;
Design and exploration work started with a
view to create automated information and
measuring system for commercial accounting
of energy (AIMS CAE).
Key Results of Project Implementation Creation of Support Center for Processing and
Storage of Data of Rosenergoatom Concern
OJSC in 2014:
Design and exploration work performed in full

scope, including expertize of design documentation under the title of Data Processing Center
(DPC);
Design documentation of the TP stage was
prepared under the title DPC Energy Supply
System;
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
The algorithm for substantiation of changes

in electric energy consumption norms for own
needs was developed;
The Plan for Organizational Arrangements was
prepared and implemented in order to start
DPC construction;
A set of actions in order to conclude the General
Contractor Agreement for construction of DPC
were carried out (Investment Committees resolution is obtained, Operating Committees resolution is obtained, Expert Commission on Capital
Constructions resolution was obtained, and
competitive procedures were complied with).
Key Results of Project Implementation Information System for Project Portfolio Management (ISPPM) in Rosenergoatom Concern OJSC
and Its Subsidiaries in 2014:
The ISPPM system was introduced into commercial operation in the Concern; the implementation of the project REA-B-KSP-1 Transformation of IT Architecture of the Information
System of Project Portfolio Management and
Updating KSP Methodology commenced. As a
part of the project, in 2014 the requirements
for NPP construction schedules were updated
and specic modules were developed in order
to automate control processes over preparation
of management reports during implementation
of capital construction projects. The information system is about to be introduced into pilot
operation. For 2015 we additionally plan work
on extending the list of projects to be planned
and monitored using the Concerns ISPPM;
Starting from 2014, the reporting of investment projects and activities of the Concerns
subsidiaries shall be submitted to Rosatom
State Corporation in the ISPPM system as a
part of the second rollout stage in order to
facilitate monitoring of the investment activity.
4. Corporate
Governance
5. Interaction
with Stakeholders
116
3.11.
International
Activities
In accordance with the general strategy of the Concern its international activity is mainly aimed at
safety and reliability of operation of NPPs built
abroad under Russian designs as well as at extension of service life of equipment. In collaboration
with leading international organizations and companies we work on a bilateral basis seeking to
share our experiences. We also hold conferences,
subject-oriented workshops, and mutual on-the-job
trainings.
Rosenergoatom Concern OJSC is one of the main

participants of the integrated offer of Rosatom
State Corporation in the international markets of
NPP construction. One of the strategic initiatives
of the Electric Energy Division is development
of the line NPP Service which goals consist in
increase in volume of services during life cycle
of NPPs and increase in presence in the foreign
market of nuclear industry services.
The line NPP Service is coordinated by the Concern and organizations of the Division which have
necessary competences and reference experience
in implementation of projects abroad at all stages
of NPP life cycle.
The main increase in revenues is caused by successful implementation of the following projects:
Kozloduy NPP comprehensive examination and evaluation of the remaining life of
equipment and structures of power units
Nos. 5 and 6;

2014 Annual Report
Bushehr NPP provision of technical support

during operation and preventive repairs;
Tyanvan NPP provision of services on modernization, maintenance, and repairs.
We continued working on the contract on radiation treatment of cobalt. The revenue from sales
of Co-60 to a foreign customer in 2014 totaled
228.5 mln rubles.
In the reporting year the Concern was actively
involved in increasing foreign order portfolio
on new products for ten years which totaled
34,111.56 mln rubles thus exceeding the target
indicator by 3,5 times.
OBJECTIVES FOR 2015
AND MEDIUM TERM
In the mid-term the Concern will continue working on developing new markets and increasing its portfolio as a part of fulllment of the
program of Rosatom State Corporation on
construction and putting into operation of NPP
abroad in 2014-2019 while implementing
projects in Turkey, Jordan, Belarus, Bangladesh,
Vietnam, Iran and China, as well as on business
development of electricity sales in the foreign
markets.
In 2015-2019 we plan to increase our share in
the market of operating NPPs from 2 to 17% by
developing the following areas:
Supply of equipment and spare parts;
Modernization of systems and equipment;
Technical support of NPP operation and
service;
Service life extension of Kozloduy NPP and
Armenia NPP.
117
The product portfolio of the Electric Energy Division for Foreign Market in 2014
1. Overview
Nuclear
infrastructure
Provision of Technical
Supervisors services
Personnel
preparation
Putting into
operation
Operation
Service (modernization, SLE, maintenance

and repairs, and supply
of spare parts, tools
and accessories)
ASUTP simulators
and elements
Decommissioning
OBJECTIVES FOR 2015 IN AREA OF REACTOR

ISOTOPES PRODUCTION:
DEVELOPMENT OF ELECTRICITY
SALES IN FOREIGN MARKETS
Preparation of an integrated offer on organization of production of Mo-99 using production

capacities of Kursk, Leningrad, and Smolensk
NPPs. The availability of such potential for
Mo-99 production will permit us to enter into
the global market and become the key player in
production of Molybden-99;
Provision of services on radiation treatment
of cobalt (production of Co-60) under new
contract conditions.
Taking into account the available experience on
chemical cleanup of equipment of NPPs with
VVER reactors the Concern plans to prepare an
integrated offer for chemical cleanup of steam
generators at foreign NPPs. In the long-term the
Concern will extend its presence in the area of
services to external customers using new products, such as decommissioning and engineering
services in traditional power industry.
Following resolution of Rosatom State Corporation, the Concern jointly with AtomEnergoSbyt
JSC were determined as the sole responsible
entities within Rosatom State Corporation for
development of electricity sales abroad to end
consumers. As a part of development of the international business a relevant competency is being
created in AtomEnergoSbyt JSC, and this area of
business will be among priority areas in 2015.
Strategic goal of this area consists in entering into
priority sales markets of the countries in the Central and Eastern Europe and Turkey pursuing the
following goals: building up an integrated portfolio
for hedging pricing risks of NPPs abroad under
management of Rosatom, seeking a possibility
to obtain additional margin in more protable
markets, and opening new markets for the corporation in general. Mid-term objectives: Development of export-oriented Baltic NPP, conclusion of
long-term contracts on power supply with foreign
2. Strategy
and Outlook
4. Corporate
Governance
3. Key Performance
Results
5. Interaction
with Stakeholders
118
^
A visit of foreign experts to
Novovoronezh NPP as part
of Atomexpo International
Forum
consumers, entering into transactions, partnerships, mergers, and acquisitions with foreign
energy companies.
SCIENTIFIC AND TECHNICAL COOPERATION
INTERNATIONAL ATOMIC
ENERGY AGENCY (IAEA)
In 2014, as supported by Rosatom State Corporation, the Concern continued its active involvement in international activities under the aegis of
the IAEA.
OSART MISSION PROGRAM (OPERATIONAL SAFETY
REVIEW TEAM)
THE OSART MISSION IS AN INDEPENDENT EXAMINATION OF NPP OPERATION SAFETY CONDUCTED BY THE IAEA UPON REQUEST OF INDIVIDUAL
STATES. UPON COMPLETION OF THE EXAMINATION
THE RECEIVING PARTY OBTAINS THE EVALUATION

2014 Annual Report
OF OPERATING SAFETY OF THE STATION IN TERMS

OF IAEA SAFETY STANDARDS AND WRITTEN
RECOMMENDATIONS AND SUGGESTIONS AS TO
THE AREAS OF IMPROVEMENT WITH A VIEW TO
ACHIEVE THE CONFORMANCE WITH THESE SAFETY
STANDARDS.
In 2014 the Concern participated in preparation

and presentation of the National Report of the
Russian Federation at the 6th Meeting on Reviewing the Convention on Nuclear Safety.
As a part of the long-term program of OSART missions the OSART mission was conducted at Kola
NPP (November 10-27, 2014). The results were
one of the best OSART ever seen. An extra-budgetary project of IAEA on consulting support of
Kola and Novovoronezh NPPs on operation safety
was completed.
In 2014 under the aegis of IAEA two international
reviews of Russian NPP projects were completed:
119
1. The project VVER-TOI was reviewed to check

the consistency with the IAEA standards on
safety (results: 99% IAEA requirements were
evaluated as satised or partially satised in
the project).
6
peer audits were
conducted by World
Association of Nuclear
Operators at Russian
NPPs
2. The materials of the Environmental Impact

Statement (EIS) of Baltic NPP (project NPP2006) were reviewed to check their consistency with the requirements of IAEA and the
Expo Convention in terms of ensuring radiation safety of people and environment (general conclusion: the EIS materials are consistent
with these requirements).
In 2014 the Project Ofce on Nuclear Infrastructure (PONI) was created in the Concerns structure. Its main area of activity is implementation of
the project Assistance in Creation or Enhancement of National Infrastructures of Nuclear Power
Industry in the Countries Building or Planning to
Build Nuclear Facilities under Russian Designs,
including training of foreign specialists on all elements of nuclear infrastructure according to IAEA
classication, organization of work of joint working groups with partner countries, such as Bangladesh, Belarus, Vietnam, and others, preparation
and carrying out international events, participation in IAEA activity in nuclear infrastructure.
1. Overview
In 2014 the Concerns top management participated in the Global Board of Governors in the
Tokyo Regional Center, two Boards of Governors
of WANO MC, the International Conference of
Technical Managers of Operators and Chief Engineers of NPPs, and International Conference of
Repairs Personnel.
Six peer audits were conducted by WANO at
Russian NPPs. The Concerns headquarters
hosted the event on transfer of best practices to
the management of Armenia NPP on the subject Mid- and Long-Term Planning of Operators
Activity. The Concerns headquarters held two
technical support missions on the following subjects: Goals and Methods for Self-Evaluation of
NPP Safety Assurance System and Self-Evaluation Efciency and Creation and Development of
Commitment to Safety Culture at the Operators
Level. We continue working on post-Fukushima
projects and initiatives.
LECTRICIT DE FRANCE (FRANCE)
WANO1
In 2014 cooperation of the Concern and the

French energy company lectricit de France
(EDF) celebrated the 20th anniversary. On September 16, 1994 the Concern and EDF signed
the Memorandum on Cooperation in the Area of
Enhancement of Safety and Reliability of Russian NPPs. Today the cooperation is based on
the agreement between the Concern and EDF
dated April 4, 2011 and provides for cooperation
in a number of areas, including the following:
operation, engineering, and operation support,
designs of new NPPs, fast breeding reactors
(since 2014), personnel training, inspections and
control, procurement activity, nuclear risks and
insurance (since 2013), and general organization
and development.
The Concern is the largest WANO member organization in the Moscow Center (MC). In 2014 the
Concern pursued the following design objectives:
pilot operation of the Regional Crisis Center for
The cooperation program provides for workshops

and work meetings, participation of company
experts in crisis emergency drills, inspections of
NPPs in Russia and France, and scientic and
2. Strategy
and Outlook
4. Corporate
Governance
Competitive process among candidate contractors for preparation of teaching materials on all
elements of nuclear infrastructure for training representatives of partner countries was held. Currently the matter of creation of basic permanent
training courses aimed at preparation of representative of newly joined countries in all elements
of nuclear infrastructure and practical aspects of
self-evaluation of national infrastructure using
the IAEA methodology is being reviewed together
with IAEA Secretariat. The work start is scheduled
for March-April 2015.
1. WANO is the World Association of Nuclear Plant Operators.
NPPs with VVER Reactors based on the Crisis

Center of Rosenergoatom Concern OJSC, activity
of WANOs representatives at Russian NPPs.
3. Key Performance
Results
5. Interaction
with Stakeholders
120
^
Signing of the contract with
EDF for Kozloduy NPP operation period extension
technical conferences and symposiums. The

cooperation is focused on the following areas:
operation, engineering, and operation support,
designs of new NPPs, fast breeding reactors,
personnel training, inspections and control, procurement activity, civil responsibility for nuclear
damage and insurance, and general organization
and development.
It was decided to separate the areas of decommissioning, waste treatment, and research and
development from the other areas starting from
2015. Following review of EDF practices the Concern adjusts work plans, amends regulating and
governing documents, and compares and adjusts
approaches to task solving.
In 2012 the agreement on the Concerns admission to the International Materials Aging Institute
(MAI) operating under EDF. Participation in work

2014 Annual Report
of MAI will assist the Concern in its tasks on service life extension of Russian NPPs. In 2014 the
Concern and MAI started joint work on the project
Evaluation of Integrity of Reactors Vessel with
participation of Kurchatov Institute Research
Center. We plan to start working on the following
new projects in 2015: Deformation of Elements
of Reactor In-Vessels Components with participation of Gidropress Development Design Bureau
JSC and Water and Chemical Mode of the Primary
System with participation of VNIIAES JSC.
IBERDROLA (SPAIN)
Cooperation between the Concern and Iberdrola
is implemented according to annually approved
programs. As a part of Program for 2014, workshops and working meetings on the matters of
technology and best practice in repair of FAs with
leaking fuel pins at the inspectorates stands, on
121
Key activities in 2014
International Scientic
and Technical Conference Safety, Efciency, and Economics of
Nuclear Power Industry (MNTK-2014)
(attended by 51 foreign representatives).
The 6th meeting of

contracting parties on
review of the Convention on Nuclear Safety
(participation in preparation and presentation
of the National Report
of the Russian Federation and in work of a
group of countries).
OSART mission
at Kola NPP.
Coordination Committee with lectricit de

France in commemoration of the 20th anniversary of cooperation.
Workshop with lectricit de France on

measures to improve
safety in connection
with the accident and
Fukushima Daiichi.
Participation in the
40th annual conference of the Spanish
Nuclear Society
(ENS-2014) with a
report Innovative
Development Projects
of Nuclear Industry in
Russia.
Comprehensive emergency drills at Kola

NPPs (attended by
24 foreign observers).
Peer audits of WANOs

Moscow Center at
Leningrad and Kalinin
NPPs.
Follow-up peer audits

of WANOs Moscow
Center at Kola and
Beloyarsk NPPs.
Pre-start peer audits

of WANOs Moscow
Center at Beloyarsk
and Rostov NPPs.
the matters of quality assurance during operation of NPP power units, and on the matters of
decommissioning and construction of new power
units. Specialists of the Spanish company took
part in the international conference on heating
machinery equipment, integrated emergency
drills at Kola NPP, in the international scientic
and technical conference MNTK-2014, and in the
Atomexpo-2014 forum. The Concerns representatives took part in the 40th annual conference of
the Spanish Nuclear Society (ENS-2014) with a
report Innovative Development Projects of Nuclear Industry in Russia.
information model can be applied to designs of

VVER-TOI; as well as the best practice in the area
of preparation to decommissioning.
COOPERATION WITH NORDIC COUNTRIES
In 2014 Leningrad and Kola NPPs continued
their cooperation with Nordic countries Norway,
Finland, and Sweden. The agreements among
REA and SSM (Sweden), STUK (Finland), and
IPE/NRPA (Norway) regulate mutually benecial
international cooperation in different areas: emergency preparedness, decommissioning, and RAW
handling and disposal.
The Iberdrolas best practices on the use of

modules during construction was recognized one
of the promising areas for cooperation in 2015
at the meeting of the Coordination Committee
on Cooperation held in the town of Sosnovy
Bor: organization of module design using the
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
122
Map of International
Activity
1
1. CANADA
3. BELARUS
4. CZECH REPUBLIC
6. HUNGARY
8. BULGARIA
Export of isotope
materials (cobalt-60)
Evaluation
of conformance
of equipment
of Belarus NPP, technical supervision, and
start-up operations.
Control over NPP

nuclear fuel manufacturing quality
Nuclear fuel manufacturing quality control,

supply of spare parts,
tools and accessories
to Paks NPP.
5. SLOVAKIA
7. UKRAINE
Nuclear fuel manufacturing quality control,

substantiation of
service life extension
of power unit No. 5 of
Kozloduy NPP up to 60
years.
Technical and
consulting work during
completion of
construction of power
units Nos. 3 and 4
of Mochovce NPP
Contract on supply
of equipment and
spare parts, tools
and accessories
2. FINLAND
Control over NPP
nuclear fuel
manufacturing quality
3.5
2014 Annual Report
Revenues from international

operations in 2014
bln rubles
123
2012
324 mln rubles
(21.5%)
1.502
bln rubles
Net exports revenue
since 2012 to 2014
3
4
2013
2014
686 mln rubles
(46%)
492 mln rubles

(32.5%)
6
8
10
11
12
9. TURKEY
10. ARMENIA
11. IRAN
12. CHINA
Preparation of section of
the "Report on Akkuyu
NPP Site Parameters"
and support during approval of the reporting
documents by the Turkish Agency on Nuclear
Power, completion of
work on the terms of
reference for development of design documentation for Akkuyu
NPP (power units Nos.
1, 2, 3, and 4).
Performance of work
and provision of supplies and services for
extension of service
life of power unit
No. 2 of Armenia NPP.
Engineering services
and technical support
of operation, preventive repairs, modernization of CSs of
power unit No. 1 of
Bushehr and NPP
power units under
construction.
Engineering and consulting services on

support of the operation of the Chinese
Experimental Fast
Reactor (CEFR), engineering services and
technical support of
operation of power
units of Tyanvan NPP,
34.2
1. Overview
2. Strategy
and Outlook
supply of equipment
and spare parts, tools
and accessories for
power units Nos. 1
and 2 of Tyanvan NPP.
Portfolio of foreign orders

for new products for 10 years
bln rubles
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
4. CORPORATE
GOVERNANCE
Rosenergoatom Concern places

high emphasis on the issues
of corporate governance and its
improvement.The total value
of key performance indicators
fulllment is
126
4.0.
Corporate
Governance
The Concern applies certain norms of the

Corporate Conduct Code recommended by letter
No. 06-52/2463 dated April 10, 2014 of the Bank
of Russia to its daily practice taking into account the
specics of the legal status of Rosatom State Corporation set forth in regulations of the Russian Federation which provides for unied management of
organizations operating in the nuclear power industry; these norms of the Corporate Conduct Code are
reected in a number of local regulations.
GOALS OF CORPORATE MANAGEMENT

Strategic priorities in the corporate
management
2
times a year the Board
of Directors considers
a report on execution
of decisions made
Improving perception of Concerns activity through timely and quality

disclosure of information.
Introducing best Russian and international practice into the corporate
management system in the area of corporate management, business
ethics, and principles of openness and transparency.
MAIN PRINCIPLES OF CORPORATE

MANAGEMENT
Creation of an efficient system for safeguard of funds provided by

stockholders and their efficient use.
Equal and fair treatment to all stockholders when they exercise their right
to take part in management.
Recognition of staturory rights of stakeholders.
Timely and accurate disclosure of information on all significant events
associated with Concerns activity.
MAIN POLICIES IN CORPORATE

MANAGEMENT
Disclosure of the information subject to mandatory disclosure according to

legislation on Concerns website.
Implementation of control over fulfillment of resolutions of the Board
of Directors in order to increase efficiency of corporate management
(the Board of Directors will review a report on fulfillment of the adopted
resolutions twice a year).

2014 Annual Report
127
Concerns Corporate
Governance Structure
4.1.
GENERAL MEETING OF STOCKHOLDERS
AUDITING COMMITTEE
as of December 31, 2014

Atomenergoprom JSC 96.9907%; Rosatom State Corporation 3.0093%
AUDITOR
Collegiate bodies
BOARD OF DIRECTORS
The current system of

management of the
organizations of the
nuclear power industry:
CORPORATE
MANAGEMENT
Board of Directors
Beneral meeting
of Shareholders
OPERATIONS
MANAGEMENT
Industry-specific
rules
Interaction
procedure
GENERAL DIRECTOR
THE SOLE EXECUTIVE BODY
CENTRAL COMMITTEE
Yevgeny Vladimirovich Romanov
DIRECTORATE
Pursuant to Order No. 1/218-P dated March 4,

2013 of Rosatom State Corporation On Approval
of the Regulations on the Management Model
of the Civil Part of the Industry, the Concern is
the management company of the Electric Energy
Division. Division means an organizational unit
which activity is aimed at the implementation of
the strategic business goals of Rosatom State
Corporation. Division includes organizations
from the management circuit of the management
company. One of the main tasks of the current
management model is the optimization of the
horizontal management of interaction of subdivisions of Rosatom State Corporation and vertical
interaction of Rosatom State Corporation and its
organizations in process groups.
Division is an organizational unit and comprises
Corporations organizations by specic types of
activities and areas of business.
Provides for Operation Management

of Organizations which form part of its
management circuit;
Manager of the Division is included in the
decision-making system of the Corporation.
Main Competences of the Division:
Organization of efficient performance of
operating processes;
Formation of liaison system between
organizations included in its management circuit.
Liaison rules is a joint document that determines
the procedure for liaison of the Corporation and
the Concern when the Concern and organizations operate within the limits of the Concerns
management circuit and sets forth bases and
conditions for participation of the Corporation in
decision-making associated with industry-specic
processes.
Characteristics of the Division:

Implements development strategy of the
Division;
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
The new version of the liaison rules for the

Concern and Rosatom State Corporation was
approved in September 2013.
4. Corporate
Governance
5. Interaction
with Stakeholders
128
4.2.
Governance and Control

Bodies
The General Meeting of Stockholders is the supreme

management body. In its activity the General Meeting of Stockholders is guided by legislation of the
Russian Federation, Charter and Regulation on the
Concerns General Meeting of Stockholders.
The General Meeting of Stockholders is the supreme management body.

In its activity the General Meeting of Stockholders is guided by legislation of the Russian Federation, Charter, and Regulation on the Concerns
General Meeting of Stockholders.
In 2014 four general meetings of stockholders were held at the decision of the Board of
Directors.
The Board of Directors is a collegiate governing
body in charge of overall management of the
Concern. It is responsible for development of the
strategy and controls activity of executive bodies
ensuring observance of rights and legitimate
interests of the Concerns stockholders.
Members of the Board of Directors are elected
through a transparent procedure that permits
stockholders to obtain information about candidates sufcient to get an idea about their personal and professional qualities.
general meeting of
shareholders were held
in 2014

2014 Annual Report
The activity of the Board of Directors is regulated

by applicable legislation, norms of the Concerns
Charter, and Regulations on the Board of Directors approved in its new version by resolution of
the general meeting of stockholders on July 29,
2014 (Minutes No. 9).
The Board of Directors was elected at the Concerns Annual General Meeting of Stockholders on
June 24, 2014 (minutes No. 7) with the following
members:
Alexander Markovich Lokshin
(Board Chairman, non-executive director);
Sergey Anatolyevich Adamchik
(Non-executive director);
Kirill Borisovich Komarov
(Non-executive director);
Yevgeny Vladimirovich Romanov
(Executive director);
Boris Georgievich Silin
(Non-executive director).
G4-39
The Board of Directors operates in this composition from January 1, 2014 to December 31, 2014.
There were no changes in the composition of the
Board of Directors during the year.
The Concerns Board of Directors has no
committees.
Members of the Board of Directors do not participate in the Concerns registered capital, do not
hold the Concerns common stock, and have not
entered into transactions on acquisition or alienation of the Concerns stock.
Performance of the Board of Directors was not
evaluated in 2014.
Sole Executive Body is represented by the
General Director who is in charge of the Concerns
operations management.
The General Director does not participate in the
Concerns registered capital, does not hold the
Concerns common stock, and has not entered
129
into transactions on acquisition or alienation of

the Concerns stock.
Information about the General Director is provided in the section Information about Members of
the Board of Directors as of December 31, 2014.
Auditing Committee is a body elected by the Concerns General Meeting of Stockholders to exercise
control over nancial and economic activity of the
company.
The Concerns internal
documents are available
at: http://www.rosenergoatom.ru/partners/
shareholdersAndInvestors/
inner-documents/
The Auditing Committee was elected at the Concerns Annual General Meeting of Stockholders on
June 24, 2014 (minutes No. 7) with the following
members:
Pyotr Anatolyevich Stepayev;
Liudmila Nikolayevna Demidova;
Marina Igorevna Kiseleva.
This composition of the Auditing Committee was
in place in the Company from January 1, 2014 to
December 31, 2014.
The advisory collegiate bodies include the Concerns Directorate and Central Committee headed
by the General Director.
The list of main local regulations in the area of
corporate management is provided in the Concerns Annual Report for 2013.
REPORT ON ACTIVITIES OF BOARD OF
DIRECTORS
One of the most important functions of the Board
of Directors is general governance of the Concern.
The area of competence of the Concerns Board of
Directors includes determination of priority lines
of business (according to Federal Law No. 208FZ dated December 26, 1995 On Joint Stock
Companies and the Charter of the Concern).
In 2014, as a part of its current activity, the Board
of Directors determined the main parameters of
business in the approved budget, planned indicators of nancial and economic activity, and target
performance indicators of the Concerns activity
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
for 2014, main reference points for activity in

the long-term, and approved key performance
indicators.
In 2014 the Board of Directors held 22 meetings
and reviewed 49 issues. Meetings of the Board of
Directors were held with all members present.
The most important resolutions adopted in the
reporting year:
The Board of Directors made a resolution
to amend the resolution on additional issue
of securities in terms of extension of the
period of distribution of the securities for 1
year (until September 15, 2015) in order to
ensure budget financing and reduce costs of
supporting additional issue.
At the initiative of the Board of Directors in
2014 amendments were made to the Concerns
Charter extending the area of competence
of the Board of Directors in order to arrange
for control over specific transactions with
immovable property.
The Board of Directors made a resolution to
terminate Concerns participation in certain
companies due to inexpediency of further
participation in line with optimization of the
Concerns management circuit.
In 2014 the Board of Directors approved
recommendations to the general meeting of
stockholders to approve the Regulations on
the Board of Directors and the Regulations on
the Concerns General Meeting of Stockholders
in order to establish control over fulfillment
of resolutions made by the Concerns
management bodies.
In 2014 four general meetings of stockholders
were held at the decision of the Board of
Directors.
As a part of preparation to the Concerns
annual general meeting of stockholders the
Board of Directors tentatively approved the
annual report and annual financial statements
of 2013, and gave recommendations on
distribution of profits and payment of
dividends.
4. Corporate
Governance
5. Interaction
with Stakeholders
130
Board of Directors
ALEXANDER MARKOVICH
LOKSHIN
SERGEY ANATOLYEVICH
ADAMCHIK
Board Chairman, Rosenergoatom Concern OJSC;

First Deputy General Director for Operations
Management, Rosatom Nuclear Energy State
Corporation.
Board Member of Rosenergoatom Concern OJSC

(since 2010), Inspector General of Rosatom
Nuclear Energy State Corporation.
Born in 1957.
Education: M.I. Kalinin Leningrad Polytechnical Institute.
Professional Experience:
20012006 Acting Director, Director, Deputy General
Director of Rosenergoatom Concern; Director of Smolensk
Nuclear Plant (Branch of Rosenergoatom Concern).
20062008 First Deputy General Director, Acting
General Director in FSUE Rosenergoatom Concern.
20082010 Deputy General Director, Rosatom Nuclear
Energy State Corporation.
20102011 Deputy General Director, Director of the
Directorate for Nuclear Energy Complex, Rosatom Nuclear
20112012 First Deputy General Director, Director of
the Directorate for Nuclear Energy Complex, Rosatom
Since 2012 First Deputy General Director for Operations
Management, Rosatom Nuclear Energy State Corporation.

2014 Annual Report
Born in 1954.
Education: Tomsk Polytechnic Institute.
20072008 Deputy Head of the Federal Service for
Environment, Technological, and Nuclear Supervision of
the Russian Federation.
November 2008 to June 2010 Deputy Inspector
General, Rosatom Nuclear Energy State Corporation.
Since July 2010 Inspector General, Rosatom Nuclear
131
KIRILL BORISOVICH
KOMAROV
YEVGENY VLADIMIROVICH
ROMANOV
BORIS GEORGIEVICH
SILIN
Board Member of Rosenergoatom Concern OJSC

(since 2010); Director of Atomenergoprom
JSC; Deputy General Director for Development
and International Business of Rosatom State
Corporation.
Board Member, Rosenergoatom Concern OJSC

(since 2012); General Director, Rosenergoatom
Concern OJSC
Board Member, Rosenergoatom Concern OJSC

(since 2010); Advisor to First Deputy General
Director for Operations Management, Rosatom
Born in 1973.
Education: Urals State Law Academy. Candidate of Law.
20052006 Deputy Head of the Federal Agency for
Water Resources, Russian Federation.
20062007 Vice President, TVEL OJSC; General Director,
Atomenergomash OJSC.
20072010 Deputy Director, Executive Director,
Atomenergoprom JSC.
Since April 2010 Director, Atomenergoprom OJSC,
simultaneously holds the office of Executive Director of
Nuclear Energy Complex Directorate, Rosatom Nuclear
Since April 2011 Deputy General Director for
Development and International Business, Rosatom Nuclear
Energy State Corporation. Simultaneously holds the office
of Director in Atomenergoprom OJSC.
Director, Board Member, Atomenergoprom JSC; Board
Chairman, Atomenergomash JSC; Board Member, TVEL
JSC, Atomstroyexport CJSC, Techsnabexport International
Business Company (OJSC), Atomredmetzoloto JSC, Power
Machines Group OJSC, INTER RAO UES Energy Efficiency
Center LLC, NIAEP JSC, New Composite Materials LLC;
Management Board Member, Rosatom State Corporation;
Board Chairman, AKKUYU NGS ELEKTRK RETM
ANONM RKET.
1. Overview
2. Strategy
and Outlook
Born in 1961.
Education: Urals Polytechnic Institute.
19901995 Head of Economic Analysis Group; Deputy
Head of Economic Planning Section; Chief Accountant,
Urals Electrochemical Plant.
19951998 Advisor to Deputy Chairman of the
Management Board, Deputy Head of Corporate Client
Base Management, Vice President of United ExportImport Bank OJSC ONEXIM Bank.
19982000 Vice President, ROSBANK JSCB.
20002001 Advisor to First Deputy General Director,
RAO Norilsk Nickel.
20012004 First Deputy General Director, acting
General Director, General Director, Kola GMK OJSC.
20042008 First Deputy Director, First Deputy
Chairman of the Management Board, Deputy Director,
Head of Mining and Metallurgy Directorate, Deputy
Chairman of the Management Board, Zapolyarye Branch
of Norilsk Nickel GMK OJSC.
20082009 General Director, VSMPO-AVISMA OJSC.
20092010 Engaged in comprehensive audits of
financing and business activities of RusSpetsStal OJSC.
20102011 General Director, Rostekhnologii
Metallurgy OJSC.
Since August of 2011 General Director, Rosenergoatom
Concern OJSC.
In 2011 was elected to the World Association of Nuclear
Operators (WANO).
Board Chairman, Baltic NPP OJSC.
3. Key Performance
Results
Born in 1954.
Education: Moscow Institute of Chemical Machine
Building
20042008 Head of Department, Deputy Head of
Management for Nuclear Power Industry and Nuclear
Fuel Cycle of the Federal Agency for Nuclear Energy
(Rosatom).
20082010 Head of Department, Deputy Director of
the Department for Nuclear Power Complex of Rosatom
20102012 Advisor, Nuclear Energy Complex
Directorate, Rosatom Nuclear Energy State Corporation.
Since 2012 Advisor to First Deputy General Director for
Operations Management, Rosatom Nuclear Energy State
Corporation.
Board Member, OKB GIDROPRESS JSC.
4. Corporate
Governance
5. Interaction
with Stakeholders
132
Directorate
YEVGENY VLADIMIROVICH
ROMANOV
STANISLAV IVANOVICH
ANTIPOV
BORIS ALEXANDROVICH
BOKAREV
PAVEL LEONIDOVICH
IPATOV
OLEG MAKAROVICH
SARAYEV
General Director

Director of Science and
Engineering Center (Branch
of Rosenergoatom Concern
OJSC).
Deputy General Director,

Director for Energy Policy
and Sales in Retail and
Foreign Markets.

Director for Strategy and
Corporate Development.

Project Manager
Rewarded with Order of Honor

(2002) and with honorary
title Honored Power Engineer
of the Russian Federation
(1995).
Rewarded with Order of Red

Banner of Labor (1988),
Order of Peoples Friendship
(1994), and Order of Honor
(2000). Winner of the Prize of
the USSR Council of Ministers
(1991) and Prize of the
Government of the Russian
Federation in Science and
Engineering (2001).
Awarded with medal Distinguished Work (1973),

Order of Red Banner of Labor
(1981), and Order of Honor
(1995). Winner of USSR State
Prize (1988).
VLADIMIR GRIGORYEVICH
ASMOLOV
SERGEY NIKOLAYEVICH
ZAVYALOV
Rewarded with Order of

Fortitude (1997) and Order of
Honor (2009).
Since March 2015 works for
Rosatom State Corporation
as Advisor to the General
Director.
ALLA IGOREVNA
ARKHANGELSKAYA
Director for Economics.

Director of Directorate for
Construction of Floating
Thermal Nuclear Power Plants
(Branch of Rosenergoatom
Concern OJSC
Awarded with the honorary
title Honored Shipbuilder
(2011).
NIKOLAY NIKOLAYEVICH
SAFRONOV
Director for Special Security
ALEXANDER VASILYEVICH
PALAMARCHUK
Director of Facilities Construction Management (Branch of
Rosenergoatom Concern OJSC)
Rewarded with Order Medal
For Merits to the Homeland
II degree (2003) and Order
Medal For Merits to the
Homeland I degree (2007).
VLADIMIR YURYEVICH
MYASNIKOV

2014 Annual Report
VLADIMIR ALEXEYEVICH
SERVETNIK
BESLAN ANDREYEVICH
BARGANJIYA
ALEXANDER
ALEXEYEVICH KHVALKO

Director for Energy Policy
and Sales in Retail and Foreign
Markets

Sales Director
Deputy General Director, Director

for Purchases and Logistics of
133
NIKOLAY MIKHAYLOVICH
SOROKIN
ALEXEY VITALYEVICH
SHALIMOV
MIKHAIL VASILYEVICH
BAKANOV
VASILY VASILYEVICH
OMELCHUK
VLADIMIR PETROVICH
POVAROV

Inspector General
Chief Accountant

Director of Beloyarsk
Nuclear Plant (Branch of
Rosenergoatom Concern OJSC)

Director of Kola Nuclear Plant
Concern OJSC)
Deputy General Director, Director of Novovoronezh Nuclear

Plant (Branch of Rosenergoatom Concern OJSC)

II degree (2000) and Order
Medal For Merits to the
Homeland I degree (2006).

II degree (2003).
VLADIMIR IVANOVICH
PEREGUDA
ANDREY ALEXANDROVICH
SALNIKOV
Deputy General Director, Director of Leningrad Nuclear Plant

Concern OJSC)

Director of Rostov Nuclear Plant
Concern OJSC)

(2010).
ALEXANDER VIKTOROVICH
SHUTIKOV
JUMBERI LEONTOVICH
TKEBUCHAVA
First Deputy General
Director of Rosenergoatom
Concern OJSC

Director for Production and
Operation of Nuclear Plants
Awarded with honorary title
Distinguished Contributor
to Power Industry of the CIS
(2013)
MIKHAIL YURYEVICH
KANISHEV
Deputy General Director, Director of Kalinin Nuclear Plant
Concern OJSC)
(2011).

For Merits to the Homeland II
degree (2010).
ANDREY YUVENALYEVICH
PETROV
VIKTOR IGOREVICH
IGNATOV
Deputy General Director, Director of Smolensk Nuclear Plant

Concern OJSC)
Deputy General Director, Director of Balakovo Nuclear Plant

Concern OJSC)

(2009)
1. Overview
VYACHESLAV
ALEXANDROVICH
FEDYUKIN
KONSTANTIN
GENNADYEVICH
KHOLOPOV
Awarded with Order

Friendship of Peoples
(1994) and Order Medal
II degree (2001)

Director of Kursk Nuclear Plant
Concern OJSC)
Deputy General Director, Director

of Bilibino Nuclear Plant (Branch
of Rosenergoatom Concern OJSC)
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
134
Structure of Concerns Managerial Bodies, by Gender and Age

Indicator
Board of Directors
Directors
Men
Women
Total
Men
Women
Total
28
29
Under 30 years old (inclusive)
From 31 to 50 years old

(inclusive)
Over 51 years old
23
24
Total
28
29
546.0
REPORT ON DIVIDENDS PAID
The Concerns Annual General Meeting of Stockholders (Minutes No. 7 of June 24, 2014) made
the following resolution: no dividends on common
stock of the Concern shall be declared or paid with
respect to results of 2013.
INFORMATION ABOUT MAJOR TRANSACTIONS
AND INTERESTED PARTY TRANSACTIONS
mln rubles is the total

remuneration paid in
2014 to key management personnel
No major transactions or interested party transactions subject to approval by the Concerns

management bodies were conducted in 2014.
546.0 mln rubles is the total remuneration paid in

2014 to key management personnel: executives
(General Director and his Deputies) and other
ofcers vested with authority and responsibility
for planning, directing, and controlling activities of
G4-52
the company1.
CRITERIA FOR DETERMINING

REMUNERATION OF GENERAL DIRECTOR,
DIRECTORATE, AND BOARD MEMBERS
Total performance ratio in 2014 adjusted by

weight factors was 106.58% (with 112.79% in
2013).
As regulated in clause 12.2.9 of the Concerns

Charter, if so decided by the General Meeting of
Stockholders, members of the Concerns Board
of Directors, while in ofce, may be entitled
to remuneration and reimbursement of costs
related to their functions as Board Members. The
sums of such remunerations shall be established by resolution of the General Meeting of
Stockholders.
For more information on KPIs, see Section 4.3.

KPI. Personnel Evaluation and Remuneration.
In 2014 no remuneration was paid to the Concerns Board Members.
1. No remuneration consultants
took part in the determination of
the remuneration.

2014 Annual Report
part of remuneration depends on achieved key

performance indicators (KPI). Key performance
indicators are established for the Concern as a
whole and included in the indicator matrix of the
General Director. KPIs for Rosenergoatom Concern
OJSC are decomposed and translated to executives of all levels.
The General Directors remuneration is regulated

by the employment contract and payable after its
approval by the Board of Directors. The variable
INFORMATION ABOUT
REGISTERED CAPITAL
As of December 31, 2014, the Concerns registered capital totaled 671,516,563,474 rubles.
The amount of the registered capital did not
change comparing with 2013.
The registered capital is divided into
671,516,563,474 common stocks with a nominal
value of one (1) ruble.
135
KPIs of General Director of Rosenergoatom Concern OJSC for 2014

KPI
% of fulfillment in 2014
Adjusted free cash flow of State Corporation, bln rubles
108.5
EBITDA, bln rubles
107.9
Growth of labor efficiency vs 2013, %
119.6
Index of fulfillment of the Investment program of Rosenergoatom Concern OJSC, %
119.6
Growth of labor
efciency vs 2013, %
96.3
NPP generation, bln KWh
104.6
Integral performance on new products, %
153.2
Specific semi-fixed cost, rubles/MWh
104.0
Reduction of process flow time
120.0
LTIFR, %
Fulfilled
No incidents above Level 2 on the INES scale in the industry and no personnel exposure incidents over 50
mSv per year
Fulfilled
No incidents above Level 2 on the INES scale in the industry
Fulfilled
Specific forecast cost of NPP construction, taking into account the time limits, rubles/KW
As a part of distribution of securities of the

Concerns additional issue 55,297,167,000
common stocks totaling 55,297,167,000 rubles
were distributed to Atomenergoprom JSC in
order to attract funds channeled from the federal
budget to development of nuclear power industry complex. The time period for distribution of
additional stock of the Concern was extended
until September 15, 2015.
MATERIAL CHANGES
IN SIZE, STRUCTURE OR OWNERSHIP
IN REPORTING PERIOD
100.9
From January 1, 2014 to December 31, 2014

as a part of the resolution on increase of the
Concerns registered capital, 55,297,167,000
common stocks totaling 55,297,167,000 rubles
were distributed to Atomenergoprom JSC.
In September 2014 the Concerns Board of Directors made a resolution to extend the time period
of distribution of the securities until September
15, 2015. In this connection necessary amendments with respect to increase of the Concerns
registered capital will be done to the Concerns
Charter when the time period of distribution of
the securities ends.
The Concerns General Meeting of Stockholders

made a resolution to increase the Concerns
registered capital (Minutes No. 6 dated November
29, 2013). The resolution on additional issue
of securities was approved by the Board of
Directors (Minutes No. 170 dated December 4,
2013) and registered with the Bank of Russia
on December 24, 2013 under state registration
number 1-01-55417--006D. The number of
additionally issued stocks is 250,000,000,000
with a nominal value of 1 ruble, totaling
250,000,000,000 rubles.
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
136
4.3.
KPI. Employee Evaluation

and Remuneration
The personnel performance management and motivation system was introduced in Rosenergoatom
Concern OJSC in 2010. It is based on the use of
key performance indicators (KPIs) that permits
measuring the efciency and dene performance
criteria of each individual employee. The remuneration process and its relation to personnel
performance and development have become open
and transparent.
KPI target values for the current and subsequent
years are set up based on the out-performance
on the main indicators that characterize the target
status implementation of the Concerns strategic
goals.
The SAP-based automated performance management system is currently implemented in order to

enhance convenience and increase performance
and control over fulllment of KPI.
The procedure to remunerate the Concerns employees is set forth in the following regulations:
The Standard Procedure for Remuneration of
Labor of Branch Employees;
Procedure for Remuneration of Labor of
Employees of the Headquarters.
The amount of remuneration depends on the
position level (with differentiation factors), type
of job functions, and the level of fulllment of
assigned key performance indicators (KPI).
KPI DEVELOPMENT PRINCIPLES
SMART CRITERIA
COMPLIANCE
PRINCIPLE
DECOMPOSITION
PRINCIPLE
Each set goal should

be realistic and achievable. The result should
be measured in gures
or dened with quality
indicators.
KPIs of subordinates
derive from KPIs of
managers.

2014 Annual Report
PRINCIPLE OF
BALANCE
FREQUENCY
PRINCIPLE
KPIs match each other:

they are consistent
and non-contradictory.
Performance assessment is conducted on

annual basis. KPIs are
communicated to the
employee at the beginning of the period and
are valid throughout
the year.
137
Amount of Remuneration by Employee Category, thousand rubles per year

Employee category
Base salary
KPI achievement bonus
Managers
396.7 up
139.9 up
Specialists
203.9 up
41.5 up
Shop floor
86.0 up
8.6 up
Managers
413.3 up
144.6 up
Specialists
214.4 up
42.9 up
Shop floor
93.5 up
9.4 up
Managers
436.4 up
149.4 up
Specialists
226.4 up
44.3 up
Shop floor
98.8 up
9.9 up
2012
2013
2014
51.26 3.3
The ratio of the total
annual remuneration
of the highest paying
ofcial vs average
annual remuneration of
all employees (excluded this ofcial)
The ratio of the total

annual remuneration
of the highest paying
ofcial vs percent of
growth of average
annual remuneration of
all employees (excluded this ofcial)
Minimum Salary of an Employee in Concerns Branch,

rubles
8,600
7,540
6,800
Before July 1,
2012
In 2014 the minimum salary of a Branch employee totaled 8,050.0 rubles before September
1, 2014 and 8,600.0 rubles from September 1,
2014 (with the federally regulated minimum wage
of 5,554.0 rubles).
The evaluation system used to assess managers
performance is based on the annual evaluation
system (which, among other things, is based on
key performance indicators achievement).
8,050
Before July 1,
2013
After July 1,
2013
with a minimum
monthly wage of
5,205 rubles
After
September 1,
2014
with a minimum
monthly wage of
5,554 rubles
weighted value assigned against the total sum of

bonuses. The total amount of bonuses is based
on the annual total of base salaries for each position, adjusted by a specic coefcient; the top
limit depends on the position level and can be as
high as 248% if the target KPI level is achieved.
Bonuses are only paid upon achievement of KPI
threshold values that are also specied in the
individual KPI matrix. If achievements signicantly
excel the target, the bonus can be increased.
The system of incentives is based on bonuses

for achieved KPIs, where each indicator has a
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
138
4.4.
Internal Control
and Auditing
Seeking higher business efciency, the Concern

continues to improve its internal control and
auditing system, and takes anti-corruption
measures.
The Concern provides for independent and

unbiased operation of the Dedicated Internal
Control Body (DICB), professional competence
of its employees, and unrestricted and efcient
performance of the entrusted functions.
In 2014 the DICB conducted 19 control activities using risk-oriented approach. They were
performed by way of synchronizing audit elements with control and revision methods (two-inone). Audits are aimed at improving the reliability
of internal control systems and risk management,
providing comprehensive assessment of existing business processes, and are combined with
verication of the legality and validity of specic
business operations that are intrinsic to control
and auditing activities. The application of disciplinary actions and nes to persons in breach
contributes to increasing the level of responsibility. The combination of various methodologies
permits us to perform tasks of the DICB in an
extensive, comprehensive, and efcient way and
achieve strategic goals of the Concern.
19
checkup activities
using a risk-oriented
approach were conducted in 2014

2014 Annual Report
As a result of control activities in the sphere of

international technical assistance, research and
development work, labor remuneration, patent
use, nancing of investment projects, insurance,
IT services, nancial and economic activities of
subsidiaries, etc. in 2014 recommendations were
prepared in order to eliminate the deciencies
revealed and minimization of risk down to the acceptable level. Business process owners perform
379 organizational and technical activities (73%

higher versus 2013). Fulllment of such organizational and technical activities is under constant
control of the DICB.
The Concerns Arbitration Committee (hereinafter the Committee) met its targets of pre-trial
disputes settlement and ensuring procurement
procedures legitimacy.
Committees priorities are: transparency, openness, and information availability. They are implemented by participation in the largest all-Russia
forums (Atomex and Goszakaz), routine publication of reviews of the arbitration practice, and
posting of each opinion of the Committee on the
Concerns portal.
The methodology on fulllment of Committees
opinions was developed and put into practice,
permitting us to signicantly increase quality,
timeliness, and completeness of implementation
of resolution of the Committee. The methodology
is the rst of its kind in the industry. As a result,
the share of justied complaints versus reviewed
complaints has decreased by one third, and
versus the total amount of purchases of the
division almost by half. A set of measures on
adjustment of activity of senior auditors internal controllers of the Concerns branches,
operating NPPs.
The following are the key areas of development
for internal control and audit: thorough control
actions, increase in quality of reporting materials,
review of organization processes and integration
of appropriate, reliable, and efcient control
procedures with allocation of responsibility of
business process participants for their proper
performance, and improvement of competencies
and potential of employees of DICB.
139
^
General Director Evgeny
Romanov and First Deputy
General Director Vladimir
Asmolov at WANO meeting
ANTI-CORRUPTION ACTIVITY
In 2014 the main efforts of the Concern were
aimed at formation of local regulatory base on
anti-corruption, improvement of prevention
measures focused on organization of good faith
operation of the Concern, as well as performance
of recommendations issued by Rosatom State
Corporation.
In order to implement specic provisions of the
National Anti-Corruption Plan for 2014-2015
the Concern approved and put into effect the
Anti-Corruption Plan for 2014-2015. The Concerns administrative orders determined ofcials
and subdivisions responsible for work on prevention of corruption and other offenses, and
appropriate duties are allocated to such ofcials
and subdivisions. The Concerns Ethics Code and
the Unied Industry-Specic Procedure for Verication of Communications on Corruption and
Other Offenses Received through Hot Line Channels were updated. The Guidelines on Analysis
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
of Applications and Planned Transactions for

Interest in Their Settlement were put into effect.
Local regulations were adopted with a view to
ensure anti-corruption practice of the external
economic activities, as well as a number of local
regulations increasing responsibility for preparation of unofcial nancial and other reporting
were introduced.
The Action Plan on Organization of Training and
Legal Education of Concerns Employees in the
Matters of prevention and countering corruption was approved. The Action Plan provides for
development of a training program for employees,
and preparation of schedule and organization
of training in educational institutions. In the
reporting period 27 employees of the Concern
attended training on the subject Formation and
Verication of the Initial (Maximum) Price during
Procedure for Order Placement and Structural
Analysis of the Pricing Mechanism of the Contracts Concluded in the Organizations of Rosatom
State Corporation.
4. Corporate
Governance
5. Interaction
with Stakeholders
140
^
Ecological expedition
at Leningrad NPP-2
With a view to create conditions impeding

corruptive behavior and thus reducing corruption level in the Concern, the development of
standards and procedures ensuring good faith
operation of the Concern is introduced in daily
practice. First of all, this activity is aimed at ensuring transparency of transactions, openness of
procurement procedures, prevention of bad faith
competition, and exclusion (minimization) of
corruptive risks during competitive processes for
supply of equipment, and performance of work
and services.
A number of collegiate bodies involved in review
of main issues of nancial and economic activity
is created and currently functions in the Concern.
Their meetings are held and accompanied by
audio and video recording. In the reporting period
Concerns economic security subdivisions veried
over 21,000 participants of procurement procedures for their compliance with the requirements
of UIPS, including in terms of corruptive practices.
As a result, over 2,600 breaches of the procurement procedures were revealed. With respect to
180 reported cases involving possible risks and
threats, the Concerns and NPPs management
took preventive measures which permitted to

2014 Annual Report
avoid potential corruption risks and possible property damage totaling over 248 mln rubles.
In 2014 117 communications to the Hot Line
and queries of people reporting corruption and
other offenses were veried, and 33 of them
were conrmed. As a result of the appropriate
measures the breaches revealed were eliminated,
and 42 employees of the Concern were subjected
to disciplinary action.
In 2014 economic security subdivisions jointly
with NPP subdivisions revealed and prevented
66 attempts to supply and use of equipment with
signs of illegal origin at NPPs, including by way of
substitution of such equipment with the legitimate equipment. The information on 13 revealed
cases of supply of falsied products was supplied
to law enforcement agencies for further legal
evaluation.
In 2014 no cases of breach of anti-corruption
legislation of the Russian Federation and requirements of industry-specic local regulations regulating anti-corruption activity resulting in imposing of any sanctions and nes or property damage
for the Concern were revealed in the Concern.
141
4.5.
Risk Management
The key principle of the Corporate Risk Management

System of Rosatom State Corporation is the
integration of current management processes,
primarily, in strategic and medium-term planning,
budgeting, and investment planning processes.
In 2014 the Concern continued improving the risk

management system seeking further integration
with all main processes and rst of all with the
strategic planning.
As a part of the indicated activity the list of risks
was updated, the evaluation of aggregate impact
of risks (including macroeconomic and geopolitical) on the main indicators of activity was
carried out; owners of newly detected risks were
determined, and the scheduled monitoring of risk
management activities was conducted.
The most important risks from the point of view of
achieving the Concerns goals:
What Do
We Strive for?
The Concerns activity
in risk management
area is aimed at
achievement of
strategic goals using
integration of risk
management process
with the managerial
decision-making
processes.
1. Overview
Production risk (risk of reducing generation

volumes). The main risk factors are upsets and
failures in equipment operation leading to unscheduled load reliefs, stops, and unscheduled
repairs due to technical conditions of a power
unit. In 2014 such risk did not affected the results
of activities of the Concern. All cases of upsets
and failures in equipment operation were investigated pursuant to the established procedure. Corrective and preventive measures were developed.
They are aimed at removal of the root causes of
upsets and prevention of their repetition. In particular, a set of activities on recovery of resource
characteristics of the graphite stack of reactors
with RBMK-type power units which is currently
2. Strategy
and Outlook
3. Key Performance
Results
implemented permitted us to minimize the risk as

well as to obtain additional generation in 2014.
We do not foresee signicant changes in the risk
level in 2015. We intend to continue scheduled
work on recovery of resource characteristics of
the graphite stack of reactors with RBMK power
units. Furthermore, in 2015 special attention will
be paid to electrical equipment. An entire program
system was developed in order to increase its
reliability and prevent damages and defects.
Commodity risks (adverse change in prices for
electrical power and capacity). Commodity risk
depends exclusively on external factors. The adverse impact of the risk increased in 2014 versus
2013. The main factors were increase in total
volume of offer using new (more efcient) heating
stations and increase in generation of NPPs on
the background of slower economic growth and,
as a result, less energy consumption. In these
conditions the Concerns efforts were directed at
reducing possible adverse consequences for commodity risk. According to the Ministry of Economic
Development, in 2015 the growth rate of prices
for natural gas will continue decreasing, and this,
in its turn, will probably slow down the growth of
electricity prices. The decrease in growth rate of
electricity consumption may also have an adverse
impact on the prices.
Credit risk (increase in accounts receivable,
including overdue). The main risk factors are the
following: imperfection of ECWM rules to the
extent of ensuring timely payment for supplied
electricity and capacity; current nancial and
economic situation in Russia reected in increase
of short-term indebtedness of electricity buyers
due to decrease in capacity to attract credits
channeled to elimination of the cash gap. We
managed to reduce the impact of the risk in 2014
comparing with 2013 thanks to participation in
4. Corporate
Governance
5. Interaction
with Stakeholders
142
^
Smolensk NPP
the entire complex of measures, such as implementation of nancial guarantee system and work
on improvement of payment discipline at ECWM.
In 2015 the tools and mechanism of inuence on
non-payers will remain largely the same.
Risk of non-achievement of investment projects
of NPP construction in the Russian Federation
(increase in expenses and construction timelines).
The risk impact is assessed as insignicant in the
one year term. In order to minimize the risk in midand long-term, the Concern implements activities
(mostly organizational) aimed at increasing efciency of the current construction management system.
Due to specics of activity the Concern pays

main attention to the risks of nuclear, radiation,
technical, and re safety, and physical protection
of NPPs. The detailed information on NPP safety
is provided in subsection 3.3 Ensuring Safety of
Russian NPPs. Radiation Effect on Personnel and
Population.
In 2015 the Concern plans to continue its
work aimed at further enhancement of the risk
management system.
The most detailed information on electricity

generation, sales markets, and prospects for construction of new NPPs is provided in Section 3 of
the Annual Report Main Performance Results.

2014 Annual Report
143
4.6.
Quality
Management
At all life cycle stages of its nuclear facilities the

Concern determines its quality policy based on
its main operation goals: economically efcient
generation and reliable supply of electrical and
thermal power to consumers, with safety as an
unconditional priority.
QUALITY POLICY
By its administrative order the Concern has
enacted the Quality Policy Statement prepared
in furtherance of the Quality Policy of Rosatom
State Corporation when Using Nuclear Power for
Peaceful Purposes.
In order to achieve its main goals the Concern pursues a policy in the area of quality in the following
areas:
ISO 9000
Standards that
the integrated quality
system meets
1. Overview
Provision of nuclear, radiation, technical,

fire, and environmental safety and labor
protection;
Provision of physical protection of nuclear
units, radiation sources, storage points, nuclear
materials, and radioactive waste;
Achievement of best economic indicators
and ensuring competitiveness of NPPs in
the electricity, heat, and capacity production
market;
Improving the management system through
formation, implementation, development,
and efficient functioning of integrated quality
system which meets the requirements of ISO
9000 standards, federal norms and rules in the
area of use of nuclear power, GS-R-3 IAEA
Safety Manual. Management System for Units
and Activity;
2. Strategy
and Outlook
3. Key Performance
Results
Development of the Concerns qualification

potential which provides the growth in labor
efficiency and improvement of safety culture.
The Concern pursues the quality policy based on
the following methods and measures:
Implementation of resolutions and instructions
of the agency on state management of nuclear
power use of Rosatom State Corporation,
requirements of the agency on state regulation
of safety during the use of nuclear power
of the Federal Service for Environment,
Technological, and Nuclear Supervision;
orientation on demands of Russian and
foreign consumers and customers, and IAEA
documents;
Development, implementation, and updating
organizational structure of quality assurance as
a part of general organizational and functional
structure of the corporate management;
Assistance in achievement of necessary level
of safety of nuclear facility by ensuring quality
of products (work, services) and processes;
Performance of all work in strict compliance
with statutory and regulatory requirements,
requirements of quality assurance programs at
all stages of life cycle of nuclear facility;
Distribution of power and responsibility,
functions and duties in the area of quality
among subdivisions and employees, up to
direct performers;
Efficient management and development of
regulatory and methodological base of the
Concern in the area of quality;
Control of operators activity in the area of
quality, including regular inspections (audits)
of compliance with general and local quality
assurance programs of nuclear plants and
quality assurance programs of organizations
4. Corporate
Governance
5. Interaction
with Stakeholders
144
which provide work and services to operators,

evaluation of their results;
Regular analysis of indicators of the
Concerns activity on the part of the
management, organization of development
and implementation of necessary measures on
their improvement;
Determination of causes of deficiencies
and violations in quality, development and
fulfillment of measures on their elimination and
prevention at all stages of work;
Involvement of all the Concerns employees in
quality system improvement process
Review and application of positive Russian and
foreign practices.
The Concerns integrated quality system is based

on the ISO standards of 9000 series, federal
standards and rules NP-090-11 Requirements
for Quality Assurance Programs for Nuclear Facilities, IAEA manuals on safety of nuclear units of
GS-R series (General Safety Requirements).
^
Quality Management System
and TV certicates
In accordance with the objectives set, the following results were obtained in the area of quality
assurance in 2014:
Recertification of the Concerns quality

system for compliance with the standard ISO
9001:2008 Quality Management Systems.
Requirements by the certification agency
TV Thuringen e.V. (Germany) obtaining
new conformance certificate No. TIC 15 100
128018 with an extended area of application:
Management of Design and Construction of
Facilities of Peaceful Use of Nuclear Power,
Electricity Production and Supply (previously
the certificate with the area of application
Management of Electricity Production and
Supply was in place). The validity term of the
conformance certificate: from May 23, 2015 to
May 22, 2018;
Confirmation of validity of the conformance
certificate of the Concerns quality system
power plants passed
issued by the certification agency ANO
inspections of compliAtomsertifika on conformance with the
ance with NPQAP (O) and
standard GOST ISO 9001-2011, NP-090NPQAP (E) and GOST ISO 11, IAEA manuals on safety of nuclear units
9001-2011
of GS-R-3 series, extension of its area of

2014 Annual Report
application to the Concerns Branches

Facilities Construction Management, Beloyarsk
Nuclear Plant, and Directorate for Construction
of Floating Thermal Nuclear Power Plants, with
obtaining a new conformance certificate No.
ROSS RU.0001.0100.77.11.0041;
Development of the Concerns quality system
in terms of introduction to organizational and
functional structure and personnel chart of
the Concern of the structural subdivision
the Management on Liaison with Equipment
Manufacturers subordinate to the Concerns
Quality Director;
Creation of Certification System for Production
Sites of Manufacturers of Equipment for the
Concerns NPPs;
Determination of the procedure for
conformance evaluation of equipment of the
4th safety class;
Inspections of equipment manufacturing plants
and inspections of organization of equipment
on-receipt checks at the Concerns NPPs;
inspections of compliance with NPQAP (O)
and NPQAP (E) and GOST ISO 9001-2011 at
Balakovo, Leningrad, Kalinin, Smolensk, Kola,
and Novovoronezh (units under construction)
NPPs by the Directorate of Leningrad NPP-2
(under construction);
Internal audits in divisions of the Headquarters
and branches of the Concern regarding their
compliance with GOST ISO 9001-2011, NP090-11, and GS-R-3;
Implementation of PSR projects to the extent
of ensuring product quality, on-receipt check,
evaluation of conformance of the products
delivered to operating NPPs and NPPs under
construction, and monitoring of progress
towards goals in the area of quality;
Developing and enacting guidelines of the
operator aimed at ensuring the quality of
products supplied to NPPs (in operation and
under construction), organizing and carrying
out audits for compliance of NPPs and
organizations performing work and services to
the operator with quality assurance programs
and GOST ISO 9001-2011, assessing the
efficiency of NPP quality assurance programs;
Organization of development, mutual
agreement, and approval, and put into effect
145
^
NPP satellite city
of the quality assurance programs in the area

of responsibility of operators according to
the requirements NP-090-11 Requirements
to Quality Assurance Programs for Nuclear
Facilities.
All activities regarding the Concerns quality
system development scheduled for 2014 by the
administrative order on target benchmarks for the
Concerns core activities were performed in full.
MAIN PLANS FOR 2015 AND NEAR FUTURE:
Development of the integrated quality system
towards forming and implementing a single
technical policy in the area of quality, updating
of statutory base of the Concerns quality
system, including quality assurance of the
products supplied to operating NPPs and NPPs
under construction;
Confirmation of validity of the Concerns
conformance certificate in the certification
agency TV Thuringen e.V.;
Creation in the organizational and functional
structure of the Concerns branches of
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
operating NPPs and NPPs under construction

of a structural subdivision Department
for Organization of On-Receipt Control and
Evaluation of Conformance;
Inspections of compliance with quality
assurance programs and GOST ISO 90012011 by the Concerns branches and
organizations performing work and services,
including: quality assurance programs for
development and manufacturing of equipment
by manufacturers of equipment important for
NPP safety;
Implementation of the Certification System
for Production Sites of Manufacturers of
Equipment for the Concerns NPPs;
Performance and scaling of results of PSR
projects in the area of quality assurance of the
products supplied to operating NPPs and NPPs
under construction.
4. Corporate
Governance
5. Interaction
with Stakeholders
146
4.7.
Purchase
Management
The Concerns purchasing activities are regulated

by Uniform Industry-Level Purchasing Standard
(Regulations on Purchasing Activities) of Rosatom
State Corporation, as approved by the resolution
of Rosatom State Corporation Supervisory Council
(the UIPS).
The UIPS regulates relations connected with purchases for the needs of Rosatom State Corporation and entities thereof so as to ensure efcient
use of funds, open and transparent placement
of orders, and the required level of safe operation of the nuclear energy sector and industry
facilities.
Pursuant to Federal Law No. 223- FZ of July
18, 2011, Purchasing of Products, Work, and
Services by Specic Corporate Entities and the
UIPS, information on goods, work, or services to
be purchased is published on the Internet on the
ofcial website of the government www.zakupki.
gov.ru, and on the ofcial website on purchasing in the nuclear sector www.zakupki.rosatom.
ru; thus a wide range of bidders may join the
procedure.
In 2014 structural subdivisions of Rosenergoatom Concern OJSC and its branches conducted
11,913 purchase procedures totaling 118,319
mln rubles, VAT included.
Savings from competitive purchasing procedures totaled 5,811 mln rubles, VAT included
(9.1%).
The share of the contracting agents from the
local suppliers as a result of purchasing procedures totaled 18%, where local suppliers
means suppliers on supply of goods, work, and
services located at the are of location of Rosenergoatom Concern OJSC and its branches.
5,811
mln rubles incl. VAT (or
9.1%) savings from
competitive purchasing
procedures

2014 Annual Report
In order to reduce times of the processes and

increase efciency of purchases in 2014 the
Concern regulated purchase processes, including
those determining the procedure for interaction of
structural subdivisions of the organization during
competitive purchases, and areas of responsibility
at all stages of purchase are additionally distributed and allocated.
In 2014 the Concerns purchase performance

indicators were fullled in full.
The Concerns purchasing objectives for 2015
are as follows:
Share of public purchasing procedures 94%;
Economic effect from implementation of
category strategies 5%.
147
4.8.
Property
Management
As of December 31, 2014 Rosenergoatom
Concern OJSC (hereinafter, the Concern)
de-facto uses 790 land plots with the total area
of 21,839 ha, among them:
Leningrad NPP
1. Overview
430 land plots with the total area of 6,266

ha are owned by the Concern, 11 of them are
formed in 2014 as a result of the optimization
of the area of previously accounted land
plots, 1 land plot is currently pending state
registration of title;
360 plots with a total area of 15,574 ha are
leased by the Concern, including 149 plots
under a short-term lease in 2014.
2. Strategy
and Outlook
3. Key Performance
Results
743 land plots are registered with cadaster,

including, by way of declaration, the lands of
the forest fund. 47 land plots are currently
subject to survey work with subsequent
registration with cadaster.
As of December 31, 2014, the Concern owns
6,926 items of immovable properties (buildings
and structures), among them:
6,810 items are own by the Concern;
116 items are pending state registration
of title.
4. Corporate
Governance
5. Interaction
with Stakeholders
148
4.9.
Information
Technology
In 2014 we worked in three main areas: IT infrastructure, information security, and applicable information systems. Great attention was paid to issue
of organizational and administrative documents
formalizing interactions of the Information Technology Department (ITD) and the Concerns subdivisions
interested in automation of business processes.
IT INFRASTRUCTURE
In 2014 the IT infrastructure of the Data Processing Center (DPC) of the Concerns Crisis Center
located at 25 Ferganskaya Street is used for the
projects coordinated by ITD.
The standard DPCs were supplied, assembled,
and put into operation at Beloyarsk and Kalinin
NPPs. Work on putting DPCs into pilot operation
at Kursk NPP is about to complete. A distributed
redundant computer system (Metrocluster) of
the Concerns Headquarters is created. Equipment for the auxiliary data transfer hardware and
software complex project (Stage 1) was supplied
to branches. The system of multiow online
broadcasting and recording of meetings and conferences of the Concern is created and put into
operation.
Design and exploration work was completed at
Kalinin NPP with respect to the project of supportive DPCs; design and estimate documents
are prepared; currently the project is under expert
review. The competitive process is on the way to
determine the construction contractor.
The construction of the supportive DPCs is
scheduled for 2Q 2015. Before November 2015

2014 Annual Report
the auxiliary data transfer hardware and software

complexes (Stages 2 and 3) will be supplied and
deployed at nine NPPs.
INFORMATION SECURITY
In 2014, in addition to development and updating organizational, administrative, and regulatory documents on information security of the
Concern, the automated audible warning system
certication was completed, and certicates
on conformance with the information security
requirements were obtained for the relevant facilities: Headquarters, Balakovo, Beloyarsk, Kalinin,
Kola, Kursk, Leningrad, Novovoronezh, Rostov,
and Smolensk NPPs. Firewalling complexes are
implemented at the Concerns Headquarters and
9 operating NPPs. They protect the corporate
network from cyber-threats.
The information protection subsystem against unauthorized access based on SecretNet software
was introduced at the operating NPPs and the
Concerns Headquarters.
As planned, jointly with the DES inspections on
information protection of IT systems were conducted at Kursk NPP, Leningrad NPP, Leningrad
NPP-2, and Rostov NPP. All work listed above is
aimed at improvement of the unied integrated
system of the Concerns information security.
APPLIED INFORMATION
SYSTEMS
As a part of the Information and Communication
Technologies (ICT) Development Program, the automated system of technical documentation management is prepared and introduced in commercial
operation at the Concerns Headquarters and at
149
Balakovo NPP to the extend of managing regulatory documents of the Headquarters and production
and technical documents of Balakovo NPP. The
System ensures storage and quick access to over
15,000 technical documents of the Headquarters
and over 75,000 production and technical documents and notications of Balakovo NPP.
The development of the system functionality to
the extent of storage and management of design
and detailed design documentation of NPPs under construction and other operating documents
of NPPs, replication of the system for all NPPs are
scheduled for 2015-2016.
The information subsystem for supporting
qualication on labor protection, rules for operation repairs and safety (hereinafter, ISSQ) was
developed and put into commercial operation at
Balakovo NPP. The subsystem is a part of the
Concerns personnel management system in addition to its basic part industry-level system for
personnel management ISPPM. ISSQ is replicated
and prepared for putting into pilot operation at
Leningrad NPP. Here, ISPPM has been commercially operated since 2011.
ISSQ functionality development is planned for
2015-2016. The development will include storage and processing of historical personnel data of
NPPs, replication of the Concerns personnel management system (ISPPM integrated with ISSQ) to
all remaining NPPs, except for Bilibino NPP.
As a part of implementation of the Program for
Development of Information Systems of NPP Production and Operation Block, in 2014 the basic
functionality of the Information System for NPP
Operation Support (IS OS) was developed and
implemented at the 3rd power unit of Smolensk
NPP. The system is currently being implemented
production and technical at the 1st and 2nd power units. The following
objects are subject to automation within the IS
documents and notications of the Balakovo OS of NPPs:
NPP are available via the
NPP current operation processes (maintenance
automated system of
of equipment database;
technical documentation
management of rounds;
management
keeping the shift operation logs;

keeping the logs of administrative and
technical orders;
management of normal operation mode
and management of shift assignments for
operating personnel;
selection of personnel for shifts and
management of shifts of operating personnel;
preparation of operation reporting
following rounds and data recorded in
the operating logs).
In 2014 the Integrated System for Centralized
Operation Planning and Production Management
is put into commercial operation at Balakovo,
Smolensk, and Kalinin NPPs and at the Headquarters. Its implementation at Rostov and Kursk NPP
is currently in process.
The implementation of the integrated system is
scheduled for 2015-2016 at four NPPs of the
Concern. The implemented functionality provides for data collection, storage, transmission,
calculation; analytical functions, and display of
information about the current status of NPP. It
facilitates operation with 2,000-2,500 process
parameters with their collection and storage at
NPP level as well as transmission of all these
parameters to the Concerns Crisis Center which
is the main data consumer. Also, it constitutes
the basis platform for the tasks of reservation
of collection and storage of parameters in the
protected emergency response control post. In
addition to the option of data transmission from
NPP level to the level of the Headquarters the
platform permits organizing data transmission
from the Headquarters to NPPs.
75,000
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
5. INTERACTION
WITH STAKEHOLDERS
The Concern strives for ensuring

the highest level of openness and
transparency of its businesses by
supporting active communications
with all stakeholders. The nuclear
power industry development
support by regional population
amounted to
86
%
152
5.1.
Interaction with
Stakeholders
in Reporting Period
The Concern strives for ensuring the highest

level of openness and transparency of its activity
by implementing the principle of active dialog
with stakeholders. The Concern supports active
communications with all interested stakeholders,
timely providing significant information on all
aspects of its activity and responding to requests
and suggestions of stakeholders.
G4-24, G4-25,
G4-26, G4-27
The map of stakeholders and the nature of interaction are provided in the Concerns annual report
for 2012 (page 196).
PUBLIC DISCUSSIONS
The approach to interaction is based on the following principles:
In strict compliance with legislation of the Russian

Federation, when planning its activities that can
have considerable impact on the environment and
the local communities, the Concern initiates public
discussions. Among the participants are experts
representing R&D organizations and designers,
supervisory agencies, federal, regional, and local
government agencies, NGOs, environmentalists,
the press, and the broader public.
Public discussions are a set of activities forming

part of evaluation of environmental impact of
prospective economic and other activity held with
a view to inform the public about planned activities and its possible impact on the environment,
to identify public preferences and consider them
Regular and meaningful dialog;

Partnership;
Mutually beneficial cooperation;
Confidence and sincerity;
Publicity and transparency;
Fulfilment of assumed obligations.
Main Forms of Communications and Information Sharing
ROSENERGOATOM
CONCERN OJSC

2014 Annual Report
Public discussions
Environmental reports
Presentations
Mass media
Special Projects
Blogosphere
Interaction as a part of preparation
of public annual report
POPULATION
AND COMMUNITY
153
for impact assessment, and to protect the rights,

liberty, and legitimate interests of citizens within
areas targeted for specic business operations of
signicance.
Overall, in 2014, 16 public discussions were held
in the Concerns areas of presence. More than
8,000 persons took part in them. The case of
each public discussions includes 100 or more
activities involving communities, regulatory
agencies, and mass media and involves explaining
of planned activity and its safety principles for
human and environment.
AAP NP FUND
The Fund for Promotion of Development of
Municipalities Association of Areas of Presence
of Nuclear Plants (AAP NP Fund) was created in
2013. Their founders are Rosenergoatom Concern
OJSC and municipal entities where nuclear plants
are located. The fund is yet another efcient
mechanism of interaction between the Concerns
management with municipal governments in the
area of implementation of projects and programs
facilitating social, economic, and infrastructural
development of satellite towns of nuclear plants,
increasing their attraction as a place to live.
execution committees of the Minsk and Grodno

Oblasts of the Republic of Belarus. In November
the Agreement on Establishing Twin-Cities Relations between the Towns of Harkany (Hungary)
and Kurchatov (Russia). In September the delegation of the Fund visited Finland to exchange best
practices in the areas of municipal construction
and work with communities in the area of safe use
of nuclear power. In December the Memorandum
on Cooperation was signed between the Fund and
Non-Governmental Organization on Control, Information, and Regional Development of Hungary
(TEIT).
Being 2014 the Year of Culture in the Russian
Federation, the Fund organized visiting exhibitions and master classes of the Hungarian photo
artist Blint Vincze at all locations of NPPs and
became one of the sponsors of the 7th Festival
of Accordionists and Bayanists in Paks (Hungary).
Children from the Russian towns located around
NPPs took part in the competitive program of the
festival.
In 2014 AAP NP Fund carried out another
contest of the socially important projects among
non-commercial organizations of the areas of NPP
location. 41 project were recognized as winners,
and all projects were successfully implemented.
41
In 2014, 4 meetings of the Management Board

of the AAP NP Fund were held. Members of the
Management Board of the Fund took part in the
9th International Dialog Forum Nuclear Power, Society, and Safety in Moscow, in the 7th
Regional Dialog Forum in Krasnoyarsk, in the
conference and ceremonial events in the city of
Obninsk dedicated to the 60th anniversary of the
nuclear industry, and in industry-level workshop
on monitoring of the social and political situation in the regions of presence of Rosatom State
Corporation.
project were
recognized as
winners, and all
projects were
successfully
implemented
In 2014 the great attention was paid to the

international cooperation of the Fund with the
Concerns partner countries in the nuclear power
industry. In April the Memorandum on Cooperation was signed between the Fund and the district
In particular, the Inter-Regional Non-Governmental Environmental Movement Oka routinely

conducts ecological expeditions to operating
NPPs and construction sites of new nuclear
power units as a part of the long-term program
2. Strategy
and Outlook
4. Corporate
Governance
1. Overview
3. Key Performance
Results
LIAISON WITH
NON-GOVERNMENTAL
AND ENVIRONMENTAL
ORGANIZATIONS
Non-Governmental Environmental Organizations
have a real possibility to obtain unbiased information about the state of ecological, radiation, and
energy safety of NPPs. Representatives of various
environmental organizations and movements form
part of the Stakeholders Commission.
5. Interaction
with Stakeholders
154
Civic Watch in Nuclear Power Industry. In 2014

ecological expeditions were conducted at Rostov
and Smolensk NPP. The movement carried out
research using their own specialists and professional certication equipment, with participation
and under supervision of independent mass
media, and announced the obtained unbiased and
reliable results to wide public and government authorities. The results of this work attracted great
attention of the largest industry-level, Russian,
and international mass media.
notication involving press editions of towns and

areas of location of NPPs, urban and regional
television and radio channels, information agencies, press services of the governor and regional
government, press services of regional departments of the Ministry of Emergency Situations
and the Ministry of Internal Affairs of Russia. The
notication mechanism is used not just in case of
emergency situations but also against attempts
of information attacks, in case knowingly false
information is distributed.
At the meeting of the Public Council of the

State Corporation S.V. Kirienko, the General Director of Rosatom, awarded Novovoronezh NPP
for activity in the development of environmental culture. Kalinin and Beloyarsk NPPs were
also awarded at the Concluding Conference on
Environmental Culture at the end of the year.
Press tours and visits to nuclear power plants

involving representatives of Russian mass media
and foreign journalists became a tradition.
MASS MEDIA
The information on operation of nuclear plants
and radiation environment in the towns of NPP
location is available on the Concerns ofcial
website and websites of nuclear power plants.
Press releases and information communications
are posted there without delays. The Concerns
website www.rosenergoatom.ru. The website
www.russianatom.ru contains real-time information about radiation monitoring of Russian nuclear power plants. Furthermore, all nuclear power
plants have 24/7 automatic responding machines
providing information about current operation of
NPP and radiation environment on a daily basis.
SPECIAL PROJECTS
One of the most important areas of informational interaction is educational work among population and communities. Exhibitions located in
Community Information Centers of NPPs receive
from 3 to 5 thousand visitors each year. Special
education projects are implemented, such as
the Nuclear Academy for Children (Kola NPP),
Kurchatov Public Readings for Children (Beloyarsk NPP), and Todays Fiction is Tomorrows
Reality (Kalinin NPP) addressed to schoolchildren and students. This includes a unique project
called Atom Classes implemented in areas of
presence of the Concern as a part of the civic
educational initiative Rosatoms School. The
project provides for complete re-equipment of
physics classrooms in schools with advanced
equipment and devices, including interactive
multimedia and special tool kits for laboratory
and science experiments. In 2014 new Atom
Classes opened in the Physics and Mathematical School No. 3 of the town of Kurchatov and
Ye.I. Ignatenko Secondary School No. 62 in the
settlement of Novy Eroglyk (Rostov Oblast).
Currently Atom Classes function in the following
towns: Angarsk, Volgodonsk, Glazov, Zarechny
(Sverdlovsk Oblast), Zelenogorsk, Kovrov, Nizhny
Novgorod, Novovoronezh, Novouralsk, Rostovon-Don, Seversk, Sosnovy Bor, Elektrostal, and
Orlenok All-Russia Childrens Center.
5,000
every year, up to 5,000
visitors attend the
exhibitions located in
Community Information
Centers of NPPs
The information support of the operation of

nuclear power plants is coordinated by the
Departments of Information and Public Relations
of each NPP. Reports on production and social
materials are posted on the Concerns website, in
corporate and regional print editions, in broadcast
programs of local and federal television channels,
in blogs, etc.
In case of emergency situations in NPP operation there is a mechanism in place ensuring quick

2014 Annual Report
155
Public Awareness Centers at nuclear plants have

a chain of Clean Energy clubs as a meeting place
for local reporters who regularly write on the
issues of the nuclear sector. The clubs organize
interviews, press conferences, and subject-oriented press tours.
On November 18-19, 2014 the Concern and
nuclear plants hosted a videoconference workshop for teachers which connected all locations
of Russian NPPs. Approximately 245 teachers of
physics, biology, and basics of personal and social
safety took part in the event organized by the
Concern jointly with the V.I.Vernadsky Non-Government Environmental Fund for Employees of
Educational Institutions of NPP Towns. On November 25-26 the similar educational workshop
was held for medical doctors of the municipal
entities where NPPs are located. The workshop
was simultaneously attended by 220 employees
of medical institutions.
46
86
The nuclear power
industry should
be developed
or maintained
40
Actively develop
Maintain at the
current level
Deescalate
Abandon
completely
8
3
3
11
Deescalated
or abandoned
Not sure
Polling results
PUBLIC OPINION
SURVEYS
BLOGOSPHERE
The Concerns management attaches great importance to survey of public opinion on the issues of
development of the nuclear power industry.
In 2014 the blog of Yevgeny Romanov, the Concerns General Director (http://publicatom.ru/blog/
romanov/), and blogs of nuclear plants (http://
publicatom.ru/blogs/) continued their operation at
the blog platform of Rosatom State Corporation.
The blogs are used to post answers of the General
Director to questions asked by the readers as
well as to post current information about NPP
operations. The readership audience of the blog
totals 20,000 users per month. From start of the
blog, approximately 500 questions and more than
1,000 comments were submitted to Yevgeny Romanov, the General Director in one year. In 2014
the project The General Directors Blog took the
2nd place in the annual industry-wide contest
of the best personnel management practices
Simple Stories of Success of Rosatom State
Corporation.
In September 2014 NTTs Perspektiva (www.

ntcpa.ru) conducted a survey in Voronezh, Kursk,
Leningrad, Murmansk, Rostov, Saratov, Sverdlovsk, Smolensk, and Tver Oblasts (regions where
NPPs are located). The survey showed that in one
year the opinion of local residents about nuclear
plants in the areas of presence improved. 86% of
residents of Russian regions where nuclear plants
(branches of Rosenergoatom Concern) are located
were in favor of the active development of nuclear
power industry or its maintenance on the current
level. In 2013 they constituted 73%: 56% of
respondents considered their opinion to NPPs as
positive, and 74% told so in 2014. Furthermore,
if in 2013 the use of nuclear power as one of the
means to provide the country with electricity was
supported by 67% of respondents, in 2014 the
number increased to 79%.
1. Overview
Attitude to Nuclear Power Use in 2014, %
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
156
5.2.
Interaction as this Annual

Report Was Prepared
In view of the nature of the Concerns activity the
following subjects were selected as the priority
issues of the Report: Safety of the Russian Nuclear Industry and Increasing Capacity of NPP
Power Units with VVER-Type Reactors.
Mikhail Kanyshev,
Director, Kalinin NPP
The community evaluates the business of

a company based on
the ofcial reporting
information. Such a wide
representation of dialog
participants guarantees that the report will
be discussed from the
points of view of all
parties interested in the
meaningful dialog and
faithful reection of the
specics of our operating
organization.
Key stakeholder representatives were involved

in dialogs discussing the overall concept, priority
issues, and the draft of the Annual Report, as
well as participated in selection of the signicant
aspects and public afrmation of the Report.
Dialog No. 1 on Discussing the Concept of the
2014 Annual Report of Rosenergoatom Concern
OJSC with stakeholders took place on December
2014 in absentia (by survey). During the dialog
all participants received the draft concept of
the Concerns Annual Report. Representatives
of stakeholders could express their comments
and suggestions. Following the dialog, a number
of signicant changes were introduced to the
Annual Report (see the table on consideration of
suggestions made by Stakeholders Appendix
15 in the interactive version).
visiting meeting at Kalinin NPP. During the dialog

the participants visited operating power units of
Kalinin NPP, saw the operations on increasing
capacity of VVER power units, and could ask
questions regarding disclosure of information in
the annual report regarding the Concerns activity
in 2014 and measures on safety assurance at
Russian NPPs. Stakeholders expressed certain
comments and suggestions regarding reection
of information on this priority subject in the
annual report. These comments and suggestions
were taken into account during preparation of the
report.
PUBLIC CONSULTATIONS
Public consultations on the draft Annual Report
took place in the Concerns Headquarters on
May 6, 2015. A wide range of interested parties
took part in the consultations. They expressed
suggestions and comments to the draft report.
In general, a high level of information disclosure
and reection of opinions and suggestions of
interested parties expressed during the reporting
campaign was recognized
Dialog No. 2 on the subjects Safety of the Russian Nuclear Industry and Increasing Capacity
of NPP Power Units with VVER-Type Reactors
took place on March 5, 2014 in the format of a

2014 Annual Report
157
5.3.
^
Dialog at Kalinin NPP.
March, 2015.
Stakeholders
Commission
In order to improve Concerns public reporting

system and to ensure acceptance of the Concerns
activity by communities through involving stakeholders in the dialog, in 2013 the Stakeholders
Commission was created at the Concerns initiative which included representatives of key groups
of stakeholders: local communities, non-government and environmental organizations and associations, scientists and experts, public persons,
and representatives of mass media, suppliers, and
contractors.
power industry in Russia, joint preparation of

recommendations for decision-making in the area
of sustainable development of the Concern and
nuclear power industry in general, and communications with people and non-government
organizations on the issues connected with the
use of nuclear energy. Members of the Stakeholders Commission take an active part in dialogs
and community consultations, discussing annual
reports of the Concern as well as in the procedure
of public afrmation of the annual reports.
The Commissions goals consist in ensuring acceptance by communities of development of nuclear
1. Overview
2. Strategy
and Outlook
3. Key Performance
Results
4. Corporate
Governance
5. Interaction
with Stakeholders
158
Public Reporting
System
5.4.
The Concern has in place a public reporting system

which is a set of interrelated and connected
elements forming a certain integrated activity on
public reporting and its development.
The main elements of the Concerns public
reporting system stipulated by the Policy and
Standard of Rosatom State Corporation in the
area of public reporting are the functional center
of responsibility (managers and the working
group), regulatory framework, representatives
of stakeholders participating in preparation of
reporting during dialogs and operation of the
Stakeholders Commission, as well as infrastructural support (consulting, internal and external
independent audit, etc.).
The Concerns Standard of Public Annual

Reporting;
Procedure for Preparation of the Concerns
Annual Report;
List of Standard Elements of Public Annual
Reporting of the Concern;
Regulations on the Concerns Stakeholders
Commission.
The functioning of the Concerns public reporting system is based on the work of a number of
structural subdivisions which representatives
form part of the working group on report preparation. The main functions are divided between
the First Deputy General Director Head of the
Working Group on Report Preparation, Deputy
General Directors, and the Department for Information and Public Relations.
The Concerns report is prepared on the basis of

regulating documents approved by administrative orders of the General Director:
Concerns Public Reporting System
General Director
CONTROL
First Deputy General

Director - Head of the
Work Group on Report
Preparation
Work Group, DepartDirector of the Department of Information and ment of Information

Public Relations - Deputy and Public Relations
Head of the Work Group
Internal control
and audit
Non-nancial
audit
Structural
subdivisions
Stakeholders
Commission
Regulatory documents on reporting

2014 Annual Report
Appendices
to the Annual Report
1.
About the Annual Report . . . . . . . . . . 160
2.
Corporate and Contact Details . . . . . . . 161
3.
4.
10.
GRI Content Index for Comprehensive

Report Variant Prepared According to
Sustainability Reporting Guidelines for
Global Reporting Initiative (GRI), RSPP . . 162
Opinion of the Internal Auditing

Committee on the Results of Review
of Financial and Business Activities of
Rosenergoatom Concern OJSC for 2014 . 191
11.
Report on the Concerns Compliance

with the Corporate Management Code
Recommended by the Bank of Russia . . . 192
System of Public Reporting Indicators

at Rosenergoatom Concern OJSC. . . . . . 170
12.
Active Nuclear Power Units . . . . . . . . . 193
13.
Installed Capacity, Electricity

Generation, and ICUF at NPPs of
Rosenergoatom Concern OJSC in 2014
by Geographical Regions . . . . . . . . . . 194
14.
Main Personnel Characteristics*
15.
Table on Consideration of Suggestions

Made by Stakeholders*
16.
Glossary . . . . . . . . . . . . . . . . . . . . 195
17.
Abbreviations . . . . . . . . . . . . . . . . . 197
18.
Feedback Form . . . . . . . . . . . . . . . . 198
5.
Opinion about Public Affirmation. . . . . . 174
6.
Statement on the Results of

Independent Assurance of Public
Annual Report of Open Joint-Stock
Company Concern for Production of
Electric and Thermal Energy at Nuclear
Power Plants 2014 . . . . . . . . . . . . 176
7.
Statement of the Internal Control

Department of Rosenergoatom
Concern OJSC on the Results of the
Internal Audit of Conformance of
Preparation of Concerns 2014 Annual
Report with the Requirements of the
Policy of Rosatom State Corporation
in the Area of Public Reporting and
Standard of Public Annual Reporting of
Rosenergoatom Concern OJSC . . . . . . . 180
8.
Business/Financial Accounting
Statements . . . . . . . . . . . . . . . . . . 181
9.
Statement on the Results of

Independent Assurance of Public
Annual Report of Open Joint-Stock
Company Concern for Production of
Electric and Thermal Energy at Nuclear
Power Plants 2014 . . . . . . . . . . . . . 189
* Appendices 14 and 15 may be found in the interactive version

of the Report report2014.rosenergoatom.ru
160
1.
About the Annual Report
DESCRIPTION OF THE REPORT

This Annual Report of Rosenergoatom Concern OJSC for 2014, and for six previous years, is an integrated report that combines the usual Annual Report
and the sustained development report led by the company. The Report is subject to approval by the General Meeting of Stockholders. G4-48
The Concern Annual Report was prepared to meet the requirements of the following regulatory documents:
Corporations Federal Act of December 26, 1995, No. 208-FZ;
Corporate Accounting Federal Act of December 6, 2012, No. 402-FZ;
Regulation on Information Disclosure by Issuers of Securities (approved by Order of the Central Bank of the Russian Federation No. 454-P dated
December 30, 2014);
Letter of the Central Bank of the Russian Federation dated April 10, 2014, No. 06-52/2463, On Recommendations for Applying the Corporate Governance Code;
G4 Sustainability Reporting Guidelines issued by the Global Reporting Initiative (GRI);
1000 series of standards published by the International Institute of Social and Ethical Accountability (AccountAbility);
Integrated reporting standard of the International Integrated Reporting Council (IIRC);
Key Performance Indicators. Recommendations of the Russian Union of Industrialists and Entrepreneurs (RSPP) on their use within managerial practices and corporate non-nancial reports;
Rosatom State Nuclear Energy Corporations Public Accountability Policy;
Public Annual Reporting Standard of Rosenergoatom Concern OJSC;
Rosenergoatom Concern OJSC Ethics Code.
This Annual Report discloses key performance indicators of business activities for the period between January 1 and December 31, 2014, and describes
the Concerns outlooks for growth, aimed at efcient achievement of strategic goals and building a basis for long-term sustainable growth.
The structure of this Annual Report includes information on performance of the Concern and branch companies thereof (NPPs). This Annual Report comprehensively discloses nancial, economic, and production-related information on the Concerns key activities, as well as their economic, environmental,
and social impact. G4-17, G4-18
REPORT-BUILDING PROCESS
Before this report was prepared, the context of the Concerns operations in 2014 was subject to examination. Just as before, the safety of NPP operation
remained one of the Concerns key issues. Therefore, Safety of the Russian Nuclear Power Industry was selected to be the priority topic of this Report.
Taking into account the fact that performance improvement constituted the priority topic for the entire nuclear industry in 2014, the Concern identied
Increasing Capacity of NPP Power Units with VVER-Type Reactors as the second priority topic reecting its impact on various aspects of the Concerns
activities during the reporting year and over the medium term.
To ensure that these topic was relevant, during the preparation of the Annual Report under the Sustainability Reporting Guidelines issued by the Global
Reporting Initiative (GRI, version G4), the principle of highlighting the material aspects and interacting with stakeholders was implemented.
Stakeholder representatives were invited to discuss the report through dialogue, public consultations, and public afrmation. Interaction with stakeholders
was arranged as recommended in the Stakeholder Interaction Standard 1000SES.
LEVEL OF COMPLIANCE OF THIS ANNUAL REPORT WITH THE GRI MANUAL (G4): OMPREHENSIVE
Disclosure of information in the Annual Report: the Comprehensive option under the GRI G4 Public Reporting Guidelines as proven by an independent
third-party audit. To conduct an independent third-party audit, the Concern annually hires an independent auditor as determined during the relevant tender.
Appendix 1
About the Annual Report

2014 Annual Report
161
DIFFERENCES FROM THE 2013 ANNUAL REPORT

There is no signicant differences.
In preparing the Annual Report, closer attention was paid to the materiality principle that allowed specication of relevant areas of the Concerns activities
and focus on the disclosure of information that is the most relevant for stakeholders.
DISCLAIMER
Information included in this Annual Report contains, among other things, estimates and other forecast gures as an attempt to describe future events
or future nancial activities of the Concern. Such statements are speculative by their nature, and may ultimately differ from real-life events or results.
Forecast information is disclosed before the respective reporting period begins. Many existing factors may cause actual results to signicantly depart from
those stated in our assumptions or estimates. This includes general economic conditions, competitive environment, risks related to the operations inside
and outside Russia, changes in technologies and the market situation in the nuclear power industry, and other factors relevant to the Concerns business.
For additional updates on the Concerns activities, please visit www.rosenergoatom.ru.
2.
Corporate
and Contact Details
Full business name

and abbreviation
Open joint-stock company Russian
Concern for Production of Electric
and Thermal Energy at Nuclear
Power Plants (Rosenergoatom
Concern OJSC).
Location
109507, Moscow,
ul. Ferganskaya, d. 25
Contact phone
+7 (495) 647-41-89
Fax
+7 (495) 647-46-03
E-mail
info@rosenergoatom.ru
Website
Appendix 2
Corporate and Contact Details
Auditor details
According to decision of General
Meeting of Stockholders dated
June 24, 2014 (Minutes No. 7),
the Accountants & Business
Advisers Limited Liability Company
(FBK LLC) was approved as the
Concerns Auditor.
Registrar details
The registrar for the Concerns
inscribed security holders registry
is the Registrar R.O.S.T. OJSC.
Details of the Concerns registrar:
Full business name: open jointstock company Registrar R.O.S.T.
Location: Moscow, ul. Stromynka,
d. 18, korp. 13.
License details: No. 10-000-100264, issued by FCSM of Russia
on December 3, 2002.
Stockholders details
1. Atomenergoprom JSC 96.9907%
2. Rosatom State Corporation 3.0093%
For additional updates on

the Concern, please visit
www.e-disclosure.ru
www.rosenergoatom.ru.
Subsidiaries and afliated

companies details
List of Subsidiaries:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Atomenergoremont OJSC 100%

Energoatominvest LLC 100%
EREC JSC 100%
Baltic NPP OJSC 100%
IKAO CJSC 100%
Atomtrans JSC 100%
All-Russian Production Association Zarubezhatomenergostroy
JSC 100%
Nuclear Power Plant Equipment
Research and Testing Center
OJSC 100%
Atomtehenergo JSC 100%
Rusatom Service CJSC 96.21%
Beloyarsk NPP-2 OJSC 80.6%
VNIIAES OJSC 75.002%
Termoxid PNF CJSC 67.9087%
Atomtekhexport CJSC 51%

2014 Annual Report
162
3.
GRI Content Index

For Comprehensive Report Variant Prepared According to Sustainability
Reporting Guidelines for Global Reporting Initiative (GRI), RSPP
GENERAL STANDARD DISCLOUSURES
GRI Index
Disclosure Comprehensiveness / Comment / Report Section
Report, pp.
External Assurance
(+/-, p. Report)
STRATEGY AND ANALYSIS
G4-1
Address of the Chairman of the Board of Directors

Address of the General Director
15-17
+, 176
G4-2
4.5. Risk Management
141-142
+, 176
ENTITYS PROFILE
G4-3
General Information
Appendix 1. About the Annual Report
Appendix 2. Corporate and Contact Details
22, 160-161
+, 176
G4-4
General Information
22
+, 176
G4-5
161
+, 176
G4-6
Concern operates in 3 countries
G4-7
General Information
22, 161
+, 176
G4-8
Geography of Activity
3.1 Situation in the Electric Power Industry
12-13, 38-41
+, 176
G4-9
1.1. General Information

1.3. Corporate Structure
22, 24-25
+, 176
G4-10
Appendix 14. Main Personnel Characteristics

Accounting of contractors total number of employees is not performed
194
+, 176
G4-11
3.9. Social Capital. Developing Areas of Presence. Charity and Sponsorship

Accounting of contractors number of employees within the scope of the collective contract is not performed
106
+, 176
G4-12
2.2. Business Model
8-9, 28-31
+, 176
G4-13
1.3. Corporate Structure

4. Corporate Governance
4.1. Structure of Concern Executive Management
4.7. Purchase Management
24-25, 126-127,
134, 146
+, 176
G4-14
141-142
+, 176
G4-15
3.11. International Activities
116-123
+, 176
G4-16
3.11. International Activities
116-123
+, 176
EU1
3.2. Production Capital. Generating Capacity.

Appendix 13. Installed Capacity and Electrical Power produced by Russian NPPs in 2014 by Energy Source
and Geography (Regions of Russia)
42-61, 194
+, 176
EU2
3.2. Production Capital. Generating Capacity.

Appendix 13. Installed Capacity and Electrical Power produced by Russian NPPs in 2014 by Energy Source
and Geography (Regions of Russia)
42-61, 194
+, 176
EU3
Not applicable as the Concern is not responsible for sales activity
+, 176
EU4
Not applicable as the Concern is not responsible for power transmission
+, 176
EU5
Not applicable as emissions of CO2 and its equivalents are negligible
+, 176
+, 176
IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES
G4-17
Appendix 3
GRI Content Index
Information and data in the report refer to Concern and its subsidiaries (NPPs) performance
160
+, 176

2014 Annual Report
163
GRI Index
Report, pp.
External Assurance
(+/-, p. Report)
G4-18
2.4. Material Aspects of Performance

34-35, 160
+, 176
G4-19
34-35
+, 176
G4-20
34-35
+, 176
G4-21
34-35
+, 176
34-35
+, 176
34-35
+, 176
G4-22
G4-23
STAKEHOLDER ENGAGEMENT
G4-24
6.1. Interaction with Stakeholders
152, 156-158
+, 176
G4-25
152, 156-158
+, 176
G4-26
152, 156-158
+, 176
G4-27

Appendix 15. Table on Consideration of Suggestions Made by Stakeholders
152, 156-158, 194
+, 176
160
+, 176
REPORT PROFILE
G4-28
Year 2014
G4-29
June 2014
G4-30
Annual
160
+, 176
G4-31
Appendix 18. Feedback Form
198
+, 176
G4-32
This Appendix
G4-33

Appendix 5. Conclusion on Public Afrmation
Appendix 6. Statement on the Results of Independent Assurance of Public Annual Report of Open Joint-Stock
Company Concern for Production of Electric and Thermal Energy at Nuclear Power Plants 2014
Appendix 7.
+, 176
+, 176
160, 174-180
+, 176
CORPORATE GOVERNANCE
G4-34

4.2. Governing Bodies and Controls
Rosenergoatom Concern OJSC Board of Directors has no committees
126-128
+, 176
G4-35

4.3. KPI. Employee Evaluation and Remuneration
126-128, 129-137
+, 176
G4-36
127-137
+, 176
G4-37

5.3. Stakeholders Commission
5.4. Public Reporting System
152-155, 157-158
+, 176
G4-38

Rosenergoatom Concern OJSC Board of Directors has no committees
128-133
+, 176
G4-39
128
+, 176
G4-40

127-129
+, 176
G4-41
4.4. Internal Control and Auditing
97, 138-140
+, 176
G4-42
126-129
+, 176
G4-43

There are no special measures for development and enhancing collective value of members of supreme corporate governance body due to economic, environmental, and social information.
126-129
+, 176
G4-44
128
+, 176
Appendix 3
GRI Content Index

2014 Annual Report
164
GRI Index
Report, pp.
External Assurance
(+/-, p. Report)
G4-45

4.5.Risk Management
128-137, 141-142
+, 176
G4-46

127-129, 141-142
+, 176
G4-47
129
+, 176
G4-48

129, 160
+, 176
G4-49
129
+, 176
G4-50

128-135, 141-142
+, 176
G4-51
134-135
+, 176
G4-52
135
+, 176
G4-53
135
+, 176
G4-54
136
+, 176
G4-55
136
+, 176
97, 138-140,
156-158, 192
+, 176
G4-57
97
+, 176
G4- 58
97
+, 176
ETHICS AND INTEGRITY
G4-56
4.4. Internal Control and Auditing

5.4. Human Resources. Labor Protection
Appendix 11. Report on the Concerns Compliance with Provisions of the Corporate Conduct Code
SPECIFIC STANDARD DISCLOSURES

DMA and
Indicators
Report, pp.
Report Section
86-89
3.6. Financial Capital. Performance Results
+, 176
88
+, 176
141-142,
169
4.5. Risk Management.

Specic GRI Indicators by Categories/Subcategories
+, 176
106-107
3.9. Social and Reputational Capital. Developing

Areas of Presence. Charity
+, 176
113-115
3.10. Investments in Development.

+, 176
DMA
106-112
3.9. Social Capital and Goodwill. Developing Areas

of Presence. Charity
+, 176
G4-EC5
137, 196

+, 176
G4-6
169
+, 176
DMA
106-112

+, 176
G4-EC7
110-112

+, 176
EC
RSPP
Excluded Information/ Comment
External Assurance of
GRI (+/-, p. Report)
ECONOMIC CATEGORY
Aspect: Economic Performance

DMA
G4-EC1
1.2., 1.3., 1.4.,

1.5., 1.6.
G4-EC2
G4-EC3
1.8.
G4-EC4
Aspect: Market Presence
Aspect: Indirect Economic Impact
Appendix 3
GRI Content Index

2014 Annual Report
165

DMA and
Indicators
RSPP
Report, pp.
Report Section
110-112

+, 176
DMA
146
+, 176
G4-EC9
146
+, 176
G4-EC8
Aspect: Procurement Practices
Aspect: Availability and Reliability

DMA
32-33
2.3. Strategic Goals and Initiatives
+, 176
G4-EU10
www.e-apbe.ru
/scheme/,
+, 176
76-81
3.4. Natural Capital. Environmental Impact
+, 176
60-61
3.2. Production Capital. Generating Capacities
+, 176
169
N
CATEGORY: ENVIRONMENTAL
Aspect: Energy
DMA
G4-EN3
2.2.
Concerns data collection system is

based on energy consumption accounting in metric units. The Concern intends
to present the disclosures per G4-EN3
in full in subsequent reports.
G4-EN4
Energy consumption outside the organization is not accounted for.
+, 176
G4-EN5
Not calculated due to restrictions on

disclosure of the indicator G4-EN3.
+, 176
60-61
G4-EN6
G4-EN7
Not applicable.
+, 176
+, 176
Aspect: Water
DMA
G4-EN8
2.3., 2.3.1.
G4-EN9
G4-EN10
2.4.
78
+, 176
78
+, 176
78
+, 176
78
+, 176
76-81
+, 176
79, 169

+, 176
79, 169
3.4. Natural Capital. Environmental Impact.

+, 176
169
+, 176
169
+, 176
169
+, 176
Aspect: Efuents and Waste

DMA
G4-EN22
2.7., 2.7.1.,
2.7.2., 2.8.,
2.8.1.
G4-EN23
2.9., 2.10.
The accounting system used in the

Concern does not provide for calculation
of the ratio of waste volume to energy
generation (per MWh). The Concern
intends to present the disclosures per
G4-EN23 in full in subsequent reports
G4-EN24
G4-EN25
G4-EN26
2.11.
Aspect: Compliance
DMA
76-81
+, 176
G4-EN29
80
+, 176
76-81
+, 176
Aspect: Overall
DMA
Appendix 3
GRI Content Index

2014 Annual Report
166

DMA and
Indicators
RSPP
Report, pp.
Report Section
G4-EN31
2.12.
The system used by the Concern for

the cost accounting does not permit to
separate the costs on the environmental management system.
80
+, 176
91-101
+, 176
194
+, 176
169
Specic GRI Indicators by Categories/ Subcategories
+, 176
169
+, 176
CATEGORY: SOCIAL
LA
SUBCATEGORY: LABOR PRACTICES AND DECENT WORK
Aspect: Employment
DMA
G4-LA1
3.1.1.
G4-LA2
3.1.2., 3.1.3.
The data collection system used by

the Concern does not permit to provide
information on this indicator in full. The
Concern plans to disclose information
on the indicator G4-LA1 in the subsequent reports.
G4-LA3
The information collection system used

by the Concern does not permit to
calculate the share of employees who
remained in the organization upon returning from 12-month parental leave.
EU15

consolidated information on this
indicator for 2014. The company plans
to disclose the information on indicator
EU15 in subsequent reports.
+, 176
EU17

consolidated information on this
indicator for 2014. The company plans
to disclose the information on indicator
EU17 in subsequent reports.
+, 176
G4-EU18
169
+, 176
91-101
3.7. Human Resources. Labor Protection.
+, 176
169
+, 176
DMA
91-101
+, 176
G4-LA5
100
+, 176
100, 169

+, 176
Aspect: Labor/Management Relations

DMA
G4-LA4
3.1.4.
Aspect: Occupational Health and Safety
G4-LA6

information on this indicator in full. The
Concern plans to disclose information
on the indicator G4-LA6 in the subsequent reports.
G4-LA7
3.1.5., 3.1.6.,
3.1.7.
99-101,
169

+, 176
G4-LA8
3.1.8., 3.1.9.
99-101
+, 176
91-99
+, 176
Aspect: Training and Education

DMA
Appendix 3
GRI Content Index

2014 Annual Report
167

DMA and
Indicators
RSPP
Report, pp.
Report Section
The accounting broken down by gender

is not kept. The Company plans to disclose information on the indicator G4LA9 in full in the subsequent reports.
91-92
+, 176
169
+, 176
91
+, 176
DMA
91-101
+, 176
G4-HR1
169
+, 176
G4-HR2
169
+, 176
G4-LA9
G4-LA10
3.1.10.,
3.1.11.
G4-LA11
HR
SUBCATEGORY: HUMAN RIGHTS
Aspect: Investment
Aspect: Freedom of Association and Collective Bargaining

91-101
+, 176
169
+, 176
DMA
91-101
+, 176
G4-HR7
169
+, 176
DMA
91-101
+, 176
G4-HR8
169
+, 176
91-101
DMA
G4-HR4
3.2.2.
Aspect: Security Practices
Aspect: Indigenous Rights
Aspect: Assesment
DMA
G4-HR9
SO
3.2.3.
Human rights compliance or impact in

connection with human rights were not
evaluated.
+, 176
+, 176
SUBCATEGORY: SOCIETY
Aspect: Local Communities

106-112

+, 176
106-112,
169

of Presence. Charity.
+, 176
G4-SO2
106-112,
169

of Presence. Charity.
+, 176
EU22
169
+, 176
62-75
3.3. Ensuring safety of Russian NPPs. Radiation

effect on personnel and population
+, 176
DMA
138-142
4.4. Internal Control and Audit

+, 176
G4-SO3
138-140,
169
4.4. Internal Control and Audit.

+, 176
G4-SO4
138-140,
169
4.4. Internal Control and Audit. Specic GRI Indicators by Categories/ Subcategories
+, 176
DMA
G4-SO1
3.3.3.
Aspect: Disaster/ Emergency Planning and Response

DMA (former
EU21)
Aspect: Anti-corruption
Appendix 3
GRI Content Index

2014 Annual Report
168

DMA and
Indicators
RSPP
G4-SO5
3.3.4.
DMA
3.3.5.
Report, pp.
Report Section
138-140
+, 176
116-123,
138-140
3.11. International Activity

+, 176
169
+, 176
DMA
62-75

+, 176
G4-SO8
169
+, 176
DMA
62-75

+, 176
G4-PR1
62-75, 169

+, 176
62-75, 169

+, 176
91-101
+, 176
62-75

+, 176
Aspect: Public Policy
G4-SO6
Aspect: Compliance
PR
SUBCATEGORY: PRODUCT RESPONSIBILITY
Aspect: Customer Health and Safety
G4-PR2
3.4.2.
EU25
Aspect: Marketing Communications
DMA
G4-PR6
Not applicable
+, 176
G4-PR7
169
+, 176
62-75

+, 176
169
+, 176
Aspect: Compliance
DMA
G4-PR9
Aspect: Access
DMA
42-61
3.2 Production Capital. Generating Capacities
+, 176
EU30
194
Appendix 13. Installed Capacity, Electricity Generation, and ICUF at NPPs of Rosenergoatom Concern
OJSC in 2014 by Geographical Regions
+, 176
SPECIFIC ASPECTS OF ROSENERGOATOM CONCERN OJSC

BASIC STANDARD ASPECTS OF REPORTING
Aspect
Report Section
Report, pp.
NPP operation safety
3.3. Ensuring safety of Russian NPPs. Radiation Effect on Personnel and Population.
62-75
Reliability of power delivery to consumers
3.1. Situation in the Electric Power Industry
38-41
Social allowability
5. Interaction with Stakeholders
152-158
Interaction with state supervisory authorities

and public organizations
152-158
Production selling price
3.1. Situation in the Electric Power Industry
38-41
Company transparency
152-158
Social responsibility
3.9. Social Capital and Goodwill. Developing Areas of Presence. Charity
106-112
Appendix 3
GRI Content Index

2014 Annual Report
169
SPECIFIC GRI INDICATORS BY CATEGORIES/SUBCATEGORIES

CATEGORY / SUBCATEGORY
COMMENT TO GRI INDICATORS
Economic
Evaluation of nancial implications and other risks and opportunities for the activities of the organization due to climate change
was not carried out.
The government provided no nancial assistance in the reporting period.
The government does not participate in the organization as a stockholder.
Employees salaries do not depend on their gender.
100% of senior management (Deputy General Directors of Concern and Directors of Branches operating NPPs and NPPs under
construction) are citizens of the Russian Federation, where the Concern operates. Workforce migration occurs only within the
Concerns branches. Senior managers in regions of the Concerns core activities (regions where NPPs are located) are not hired
from the local community.
Construction of nuclear power industry facilities is carried out according to the energy strategy of the Russian Federation for the
period up to 2030 and the master plan of power industry facility location for the period up to 2020, inclusive of outlooks for up
to 2030.
Environmental
In 2014 NPPs did not discharge any waste water outside the schedule/ The Concern did not discharge hot water since NPPs do
not discharge hot water into surface waters thanks to the branch channel system and coolers.
The Concern refers to the classication established by Resolution No. 1069 dated October 19, 2012 of the Government of the
Russian Federation On Criteria of Allocation of Solid, Liquid, and Gaseous Waste to Radioactive Waste, Criteria of Allocation
of Radioactive Waste to Special Radioactive Waste and Disposable Radioactive Waste, and Classication Criteria of Disposable
Radioactive Waste.
There were no signicant spills in the reporting period.
NPP do not transport, import, or export hazardous waste.
Discharges by NPPs have no signicant impact on water bodies. Water bodies used by NPPs are not specially protected sites in
terms of biodiversity (do not form part of the Ramsar list).
Social/ Practice in the Area of

Labor Relations and Occupation
All employees enjoy benets irrespective of their amount of working hours.

Approximately 100% of employees return to work after child care leave.
100% of Concerns contractor and subcontractor employees attend health and safety training.
Concern complies with legislation of the Russian Federation (Labor Code) with respect to minimum notice periods regarding
signicant operational changes.
Collective Agreement provides for the notice on coming staff reduction. The indicated term is two weeks.
Rosenergoatom Concern OJSC and industry documents do not contain any requirements on maintaining rates of injury, occupational diseases, lost days, and absenteeism data. Information about system of rules used in registration of occupational accidents
is contained in the Labor Code of the Russian Federation.
Some employees of Rosenergoatom Concern OJSC are professionally involved in activities associated with occupational hazard.
These categories of employees are distributed according to classes of labor conditions.
The system of obligatory training of employees adopted in Rosenergoatom Concern OJSC provides for enhancing knowledge in
the area of labour safety as well as acquisition of rst aid skills in case of occupational accidents and in everyday life. Educational
and mandatory training programs implemented in the Concern enhance professional level of employees and their subsequent
employment in case of dismissal.
Social/ Human Rights
All existing investment agreements are concluded in strict compliance with requirements of Russian legislation and provide for
conformance with human rights. No separate evaluation of conformance with human rights is carried out.
Once employed, 100% of employees are made familiar with internal labor rules, policies, and procedures of the Company, including those related to human rights aspects. Training of each employee takes at least two hours.
The Concern builds up its activity in strict compliance with applicable legislation of the Russian Federation. In the reporting period
there were no restrictions on freedom of associations and collective bargaining.
Standard duty regulations for all Concern employees provides for knowledge of and compliance with legislation of the Russian
Federation, this includes conformance with human rights.
No third-party personnel are engaged in this type of work.
No incidents of violations involving rights of indigenous peoples were identied in the reporting period.
Social/ Society
Pursuant to legislation of the Russian Federation, in all cases of planning an activity which may signicantly affect the environment and local people, the Concern participates in public hearings and public consultations.
The Concern has no subsidiaries which signicantly and adversely affect, in fact or potentially, the local community. Taking into
account the high level of safety of modern NPPs, nuclear plants cannot be considered as such subsidiaries.
The Concern did not perform any activity requiring displacement of people.
There was no need to change the source of income due to the activity of the Concern in the reporting period.
The risks connected with corruption are evaluated based on specic facts (communications) with respect to all subsidiaries.
All regular employees and governing bodies of the Concern have been informed about the existence of the Anti-Corruption Policy
in the organization.
According to Federal Law 135-FZ of August 11, 1995, On Charitable Activities and Organizations and Guidelines on Accounting
of Charitable Contributions (approved by Order No. 1/811-P of Rosatom State Corporation of September 26, 2011), no nancial
contributions for political purposes are allowed.
In reporting period no signicant nes were applied to Concern for non-compliance with legislation and statutory requirements.
Social/ Product Responsibility
Evaluation of nuclear, radiation, industrial, technical, and re safety is performed throughout all life-cycle phases.
No incidents of non-compliance with regulations and voluntary codes concerning the impact on health and safety of products and
services were identied in the reporting period.
No incidents of non-compliance with legislation or statutory requirements were identied in reporting period (indicators G4-PR7
and G4-PR9).
Appendix 3
GRI Content Index

2014 Annual Report
170
4.
System of Public Reporting Indicators

at Rosenergoatom Concern OJSC
INDICATOR
ITEM
REPORT SECTION/CHAPTER
EFFICIENCY OF MAINLINE ACTIVITY

ELECTRICAL POWER SUPPLY TO THE RUSSIAN ECONOMY
1.1.1. Generation of electrical

power by NPPs
1.1.1.1. Share of electrical power generated by nuclear plants in total production of electrical power in the Russian Federation
1.1.1.2. Electrical power generation by nuclear plants in the reporting year
1.1.2. Use of installed capacity

of NPPs
1.1.2.1. NPP installed capacity utilization factor
1.2.1. Power units capacity

increase
1.2.1.1. Target for increase of equivalent capacity
3.5. Development of Generation Capacity
1.2.1.3. Number of retrotted VVER-1000 units (in reporting period and total)
1.2.2. Service life of power units
1.2.3. Power units operation

mode
1.3.1. Power units built and

commissioned in the Russian
Federation
1.2.1.4. Number of retrotted RMBK units (in reporting period and total)
1.2.2.1. Number of power units with service life extended to 15 years in the
reporting period
1.2.2.2. Number of NPP nuclear power units for which the documents for
service life extension, upgrade and retrotting were prepared
1.2.3.5. Total reduced time of planned repairs, after rescheduling, including

through
reducing repair time periods
rescheduled repair start without changing its total duration.
1.2.3.7. Availability ratio
1.3.1.1. Number of power unit construction projects in Russia
SECURING LEADERSHIP FOR RUSSIAN COMPANIES IN THE GLOBAL MARKET
2.1.1. Financial stability
2.1.2. Production efciency
2.1.1.1. Gross prot
2.1.1.2. Total prot tax accrued and paid
2.1.1.3. Net operating prot after taxes (NOPAT)
2.1.1.4. Income (total products, work, and services sold)
2.1.2.1. Labor efciency
2.1.2.2. Own production efciency (added value)
2.1.3. Financial stability
2.1.3.1. Debt/ equity ratio
2.1.3.2. Signicant funds obtained from the government
2.2.1. Positions of Russian

engineering on global NPP
construction market
2.2.1.1. Number of power plants in construction abroad (in the reporting

period)
2.3.1. Investments in equity in

the reporting period
2.3.1.1. Total spending under the investment policy (indicating the share of
funds used to retrot plants and technology)
3.10. Investments in Development
ASSURANCE OF NUCLEAR AND RADIATION SAFETY
4.1.1. Projects to create national

systems to process RAW and
spent nuclear fuel
4.1.1.1. Pieces of legislation to support creation of treatment and storage for

RAW and used nuclear fuel were adopted

4.1.4. Emergency response and

readiness
4.1.4.1. Description of reliable safety barriers for nuclear and radiation hazardous sites and their lifecycle planning

Appendix 4
System of Public Reporting Indicators at Rosenergoatom Concern OJSC

2014 Annual Report
171
INDICATOR
ITEM
4.1.4.2. Description of the emergency response system, including improvement

of safety control monitoring systems at nuclear power facilities, organization of
professional rescue teams

4.1.4.3. Description of public alert and communication systems

4.1.4.4. Description of protection system for employees, citizens, and areas in

radiation emergencies

4.1.5. Assuring physical protection of nuclear power facilities
4.1.5.1. Description of up-to-date engineering and technological systems of

control and personnel access management

4.2.2. Violations during handling

of nuclear and radiation hazardous materials
4.2.2.1. Number of registered cases at nuclear power facilities according to the

International Nuclear Events System (INES)

4.3.1. Decommissioning
4.3.1.1. Number of decommissioned nuclear and radiation hazardous sites

4.4.1. Reclamation of contaminated territories
4.4.1.1. Area of reclaimed contaminated territories

CREATING INNOVATIVE NUCLEAR TECHNOLOGIES AND PROMOTING THEM TO VARIOUS SECTORS OF THE ECONOMY
5.1.1. Inventions related to use

of nuclear power
5.1.1.1. Number of patents, utility models, and industrial samples
3.8. Intellectual Capital. Knowledge Preservation and

Transfer. Innovation Management
5.1.2.3. Expenses on R&D, total

5.2.2. Participation in international innovation projects
5.2.2.1. Participation in implemented international innovation projects (INRFC,

ITER, Generation-IV, and FAIR)
3.11. International Activity
5.3.1. VVER-TOI
5.3.1.1. Description of work accomplished in the reporting year

5.3.1.2. Work Plan Implementation Progress

5.3.3. Floating NPP

5.4.3. Line of Fast Breeder

Reactors

5.5.2. Radiation Technologies
5.5.2.2. Description of plans for radiation technology development (targets,

tasks, and efciency)

CREATING EFFICIENT MANAGEMENT MECHANISMS FOR THE NUCLEAR INDUSTRY
6.1.2. Implementation of
Rosatoms Production System
6.1.2.1. Results of the implementation of the program to raise production

efciency (reduced area of preparation shops; shorter production cycle; fewer
defects per specic components; lower manufacturing cost of specic equipment; and greater output in specic product positions).
6.1.2.2. Economic benet from implemented production development programs

and cost reduction in business units
6.1.3. Reorganizing nancial and

economic management
6.1.3.1. Evaluation of reorganization results (evaluation of targets achieved)
4. Corporate Management
6.1.5. Purchase management
6.1.5.1. Tools used to ensure more open and transparent purchasing
6.1.5.2. Total savings as a result of open tender purchasing procedures (% and

rubles)
6.1.6.1. Projects to develop communication channels between executives and

employees
6.1.9.1. List of IT implementation projects
4.9. Information Technologies
6.1.6. Developing in-house

communication
6.1.8. Risk Management
6.1.9. IT-based management
6.1.11. Control of nancing and

business activities
4.4. Internal Control and Audit.
MAKING DEVELOPMENT OF THE NUCLEAR POWER INDUSTRY PUBLICLY ACCEPTABLE
7.1.1. Public reports of the

Concern and its units
7.1.1.1. Compliance with international requirements for non-nancial reports

and interaction with stakeholders
Appendix 4
Appendix 1. Information about the Annual Report

2014 Annual Report
172
INDICATOR
7.1.2. Industry information

resources
9.1.2. Training for employees
9.1.3. Building and using human

reserves
ITEM
7.1.1.2. Interaction with stakeholders while preparing public reports
7.1.1.3. Compliance with corporate requirements to public reports
Appendix 1. Information about the Annual Report
7.1.2.1. Number of information centers
7.1.2.2. Public and culture activities (museums, popular science, career consulting, and other)
7.1.2.3. Industry-level mass media
9.1.2.1. Employees subject to routine performance evaluation and career

development
9.1.2.3. Expenses on training of employees
9.1.3.1. Number of employees in staff reserve
9.1.3.2. Share of employees appointed to open positions from the staff reserve
EFFICIENCY IN SUSTAINABLE GROWTH

ENVIRONMENTAL IMPACT (IMPACT ON THE ENVIRONMENT AND ENVIRONMENTAL PROTECTION)
11.1.4. Initiatives to reduce hazardous atmospheric emissions,

reduction achieved
11.1.4.1. Information on initiatives to reduce hazardous atmospheric emissions
3.9. Social Capital and Goodwill. Developing Areas of

Presence. Charity
11.1.5. Initiatives to reduce

harmful discharge to water
bodies, reduction achieved
11.1.5.1. Information on initiatives to reduce harmful discharges to water

bodies

Presence. Charity
11.1.5.2. Quantitative data on reduction of harmful discharges to water bodies

Presence. Charity
11.1.11. Environmental management systems adopted in structural units of the Corporation
11.1.11.1. Number of structural units certied for compliance under

ISO 14001

Presence. Charity
11.2.5. Consumption of water for

own needs
11.2.5.1. Consumption of water for own needs

Presence. Charity
11.3.15. Payments for

air-polluting emissions from
permanent and mobile sources,
discharges of pollutants to
surface and ground water bodies,
and emplacement of production
and consumption waste
11.3.15.1. Payments for air-polluting emissions from permanent and mobile

sources, discharges of pollutants to surface and ground water bodies, and
emplacement of production and consumption waste

Presence. Charity
11.5.1. Radionuclide emissions

to atmosphere
11.5.1.1. Total radionuclide emissions to atmosphere

Presence. Charity
11.5.2. Discharge of waste waters containing radionuclides
11.5.2.1. Volume of discharge of waste waters containing radionuclides

Presence. Charity
11.5.2.2. Total volume of discharge of waste waters containing radionuclides

Presence. Charity
11.5.4.1. Area of radionuclide-polluted areas

Presence. Charity
11.5.4.2. Gamma radiation dose in polluted areas

Presence. Charity
11.5.4. Radionuclide-polluted
areas
SOCIAL AND LABOR RELATIONS (ORGANIZATION OF LABOR AND RESPECT FOR LABOR)
12.1.4. Share of employees

under 35 years of age
12.1.4.1. Share of employees under 35 years of age
12.1.5. Average age of employees (by category)
12.1.5.1. Average age of employees (by category, excluding part-time employees and employees who are not included in payroll)
12.1.8. Average paycheck compared to labor market average
12.1.8.1. Average paycheck compared to labor market average

Presence. Charity
12.3.3. Number of employees

with non-government pension
plans
12.3.3.1. Number of employees with non-government pension plans

Presence. Charity
Appendix 4

2014 Annual Report
173
INDICATOR
ITEM
12.3.4. Total personnel expenses
12.3.4.1. Total personnel expenses
12.3.5. Total expenses on social

programs for employees
12.3.5.1. Total expenses on social programs for employees

Presence. Charity
12.3.6. Social payments per

employee per year
12.3.6.1. Social payments per employee per year

Presence. Charity
12.3.7. Expenses on additional

health insurance
12.3.7.1. Expenses on additional health insurance

Presence. Charity
12.4.5. Control of personnel

exposure to radiation
12.4.5.1. Annual average effective exposure of personnel to radiation

12.4.5.2. Number of cases when established standard exposure limits were

exceeded

12.4.5.4. Share from the total number of employees subject to individual

radiation control, included in the ARMIR system

12.4.5.5. Share of employees exposed to negligible risk of radiation

12.4.5.6. Share of employees exposed to life-long radiation risk

INFLUENCE ON THE SOCIAL AND ECONOMIC SITUATION IN THE AREAS OF PRESENCE

INTERACTION WITH THE PUBLIC
13.2.1. Preparing ZATO development program
13.2.1.1. Preparing ZATO development program

Presence. Charity
13.4.1. Charity projects and

the volume of funds for these
projects
13.4.1.1. Charity projects and the volume of funds for these projects

Presence. Charity
ETHICAL PRACTICES AND PUBLIC REGULATION
14.4.2. Organization format for

ethical practices
14.4.2.1. Existence of the Code of Ethics
Appendix 4

2014 Annual Report
174
5.
Opinion about Public Affirmation
OPINION ABOUT PUBLIC AFFIRMATION OF THE ANNUAL

REPORT OF ROSENERGOATOM CONCERN OJSC
PREAMBLE
Rosenergoatom Concern OJSC (hereinafter, the Concern) requested that we assess its 2014 Annual Report, the completeness and relevance of information disclosed therein, and the way Rosenergoatom Concern OJSC responds to and takes into account stakeholders proposals and inquiries.
We have the required knowledge and competencies in corporate responsibility, sustainable growth, and non-nancial reporting. While we comply with ethical requirements of independent and unbiased judgment, we express our personal opinion as experts, but not that of the corporate entities we represent.
We were offered an opportunity to participate in public consultations that discussed the draft report held on May 6, 2015, and in dialogs with stakeholders (on November 10, 2014 an absentee dialog was held in Moscow where the concept of the 2014 Annual Report was discussed by over 30 representatives of stakeholders; on March 5, 2015 the dialog on Safety of the Russian Nuclear Power Industry was held in the city of Udomlya, Tver Oblast, Branch
of Rosenergoatom Concern OJSC Kalinin Nuclear Power Plant, and 22 representatives of stakeholders took part in this dialog). In the course of these
activities all participants and stakeholder representatives were able to ask questions and state their opinions without any restrictions.
The following materials were given to us: draft and the nal version of the 2014 Annual Report, and minutes of dialogs and hearings, including the table
on consideration of suggestions made by stakeholders.
As a merit of the 2014 report we should note that the international standards (Guidance on Reports of Sustainable Growth, Global Reporting Initiative (GRI, Ver. G4), series 1000 Institute of Social and Ethical Accountability) were applied during the procedure of public afrmation of the report;
however, our opinion is not intended to evaluate the conformance of the report with the international reporting systems.
We are unaware of any facts that would make us question any information contained in the report. However, this public afrmation is not intended to
conrm the authenticity of the actual data contained in the report. We have not received any reward or remuneration from Rosenergoatom Concern OJSC
for our participation in the public afrmation.
The text of this opinion has been approved by all signatories. Rosenergoatom Concern OJSC may use it for internal purposes and for communications with
stakeholders and publish it without any changes.
EVALUATIONS, COMMENTS, AND RECOMMENDATIONS
Based on all information we reviewed, including text of the report, companys website, and collective discussion we conrm the following:
In its report, the Concern has reected all aspects of signicance to stakeholders, including issues of nuclear plant safety, increase of capacity of power
units with VVER-type reactors, impact on the environment, social sphere, and economy in the Concerns areas of presence, and operating efciency. All
signicant aspects of activities are disclosed with a reasonable level of detail.
The report represents Concerns strategic development to a sufcient extent and describes its approaches to principles of responsible business practice.
The report contains information signicant for stakeholders. Furthermore, the priority subjects of the report were selected taking into account the
opinion of stakeholders after the dialog held with them. We regard the format and scope of information represented in the report favorably.
The report is prepared in accordance with the Guidance on Reports of Sustainable Growth of the international organization Global Reporting Initiative
(GRI, version G4), and the principle of laying emphasis on particular crucial aspects and interaction with the stakeholders was implemented (in compliance with recommendations of Standard 1000SES). The stakeholders participated in discussions during these dialogs, public consultations and
public afrmation.
During preparation of the Annual Report, the Concerns management enthusiastically responded to opinions, suggestions and recommendations offered
by stakeholders involved in the discussions and dialogs.
Noting the advantages of the 2014 report, we think that certain aspects should be taken into account in the subsequent reporting cycles:
We nd that the material included in the report should be simplied, and excessive use of specic terms understandable only to narrow circle of specialists should be avoided; key processes should be described in plain language.
More attention should be paid to comprehensive representation of Concerns contribution to the development of regional economy, including creation
and development of infrastructure of the towns of presence.
The information about managing non-nancial risks (environmental, social, etc.) should be disclosed to a greater extent.
Appendix 5

2014 Annual Report
175
Most questions raised by representatives of stakeholders were answered in the course of dialogs and public consultations. We would like to make a
special note about the use by the Concern of modern communication means (website, blogs, virtual tours, availability of feedback, etc.) to keep the community and stakeholders informed about Concerns position.
INTERACTION WITH STAKEHOLDERS OF ROSENERGOATOM CONCERN OJSC
AND CONSIDERATION OF THEIR COMMENTS AND SUGGESTIONS
During its activities that involved stakeholders in November 2014 through March 2015, Rosenergoatom Concern OJSC made available an extensive
information about Concerns strategic goals, development priorities, and operating performance. We would like to note the wide circle of participants who
actually represented key stakeholders and active participation in discussions of Concerns management.
Our experience shows that Concerns management actively responds to stakeholders questions, comments, and proposals. In particular, it is conrmed
by adjustment of the nal version of the report which contains clarications and additional information included as per suggestions of the participants
involved in consultations.
We conclude that during preparation of the nal version of the 2014 Annual Report Concerns management demonstrated high level of openness, availability for dialog, and positive response to problems and suggestions indicated by stakeholders. In view of the above, we favorably evaluate the Concerns report and support Concerns commitment to the principles of responsible business practice. We also conrm that 2014 report of the Concern has
successfully passed public afrmation.
Chairman of Committee for Social Policy of the Council of Federation of the Federal Assembly of the Russian Federation
V.V. Ryazansky
Chairman of Inter-Regional Public Environmental Organization Green Cross
S.I. Baranovsky
Director of Institute for Safe Development of Nuclear Energy under RAS, Science Research and Coordination of Future
Developments
Head of Bellona Ecology and Law Center
President, General Director of the Nongovernmental Ecological Fund named after V.I. Vernadsky
L.A. Bolshov
A.K. Nikitin
V.A. Grachev
Chairman of Association of Areas of Presence of Nuclear Plants Fund, Chairman of Volgodonsk City Duma
P.P. Gorchanyuk
Head of Council of Territories public organization for support of Baltic NPP Construction Project
A.A. Zhuravleva
Head of urban district of Novovoronezh

Chairman of Subcommittee for Legal Support to the Nuclear Power Industry, Panel on Power Industry in the State Duma
of the Federal Assembly of the Russian Federation
Head of Kurchatov Center of Nuclear Technologies, Kurchatov Institute
Head of Center of Corporate Social Responsibility and Non-Financial Reporting, the Russian Union of Manufacturers
and Entrepreneurs
Chairman of Russian Trade Union of Employees of Nuclear Power Industry
Chairman of Oka Inter-regional Environmentalist Movement
Director of Moscow Regional Ofce, WANO
Appendix 5
Yu.I. Pegusov
V.T. Potsyapun
Yu.M. Semchenkov
E.N. Feoktistova
I.A. Fomichev
A.V. Khasiev
V.I.Aksenov

2014 Annual Report
176
6.
Statement on the Results

of Independent Assurance
of Public Annual Report
G4-33
of Open Joint-Stock Company Concern for Production of

Electric and Thermal Energy at Nuclear Power Plants 2014
INTRODUCTION
The subject of assurance is the annual report of Open Joint-Stock Company Concern for Production of Electric and Thermal Energy at Nuclear Power
Plants (hereinafter referred to as the Report) for 2014.
Our statement is addressed to the management of Open Joint-Stock Company Concern for Production of Electric and Thermal Energy at Nuclear Power
Plants (hereinafter referred to as Rosenergoatom Concern OJSC).
RESPONSIBILITIES OF THE PARTIES
The management of Rosenergoatom Concern OJSC bears full responsibility for preparation and accuracy of the Report.
We are responsible for the results of independent assurance of the Report only to Rosenergoatom Concern OJSC within the engagement and do not
assume any responsibility to any third party.
SCOPE, CRITERIA AND LEVEL OF ASSURANCE
The subject of assurance is the Report, including information on Rosenergoatom Concern OJSC without its subsidiaries.
The Report was evaluated considering the following criteria:
Nature and level of compliance with the principles of the AA1000 Accountability Principle Standard 2008 inclusivity, materiality, responsiveness.
Compliance of the Report with the GRI Sustainability Reporting Guidelines G4 (Comprehensive option).
Compliance of the Report with the requirements of the International Integrated Reporting Framework.
Compliance of the Report with the Russian law requirements to annual reports of joint-stock companies in terms of disclosure.
The engagement was planned and performed in accordance with AA1000 Assurance Standard 2008 and International Standard on Assurance Engagement ISAE 3000 Assurance engagements other than audits or reviews of historical nancial information.
The statement corresponds to type 2, as dened by 1000AS 2008, in accordance with the limitations specied in section Limitations of the engagement of the present statement.
In our statement, we have fullled the following requirements on the level of assurance:
Moderate in accordance with standard AA1000 AS 2008,
Limited in accordance with International Standard on Assurance Engagements ISAE 3000 Assurance engagements other than audits or reviews of
historical nancial information.
The selective verication of information in the Report can not pretend to provide a high level of assurance. The work was based on the supporting materials provided by the management of the entity and its employees, publicly available information and analytical methods of conrmation. In relation to the
quantitative information contained in the Report the work performed cannot be considered sufcient for identication of all possible de-ciencies and
misstatements. However, the collected evidence is sufcient for expressing our conclusion in accordance with the above levels of assurance.
METHODOLOGY OF ASSURANCE
In our engagement, we have performed the following procedures:
Study and selective testing of systems and processes implemented by Rosenergoatom Concern OJSC to ensure and analyze the compliance of the
activities with AA1000APS 2008 principles and efciency management in the eld of sustainable development.
Collection of evidence conrming practical implementation of system processes in accordance with the principles of AA1000 APS 2008.
Interviews with the management of Rosenergoatom Concern OJSC.
Study of documents and statements of the management in order to obtain evidence regarding the compliance of the activities with the principles of
AA1000 APS.
Participation in public dialogues and consultations with stakeholders, study of minutes of public dialogues and consultations.
Appendix 6
Statement on the Results of Independent Assurance of Public Annual Report

2014 Annual Report
177
Study of information on the website of Rosenergoatom Concern OJSC related to its activities in the context of sustainable development.
Study of public statements of third parties related to economic, environmental and social aspects of the Rosenergoatom Concern OJSC operations, in
order to check validity of the declarations made in the Report.
Analysis of non-nancial reports of foreign companies working in the similar market segment for benchmarking purposes.
Analysis of the current system of internal audit of non-nancial reporting in Rosenergoatom Concern OJSC
Selective review of documents and data on the efciency of the management systems of economic, environmental and social aspects of sustainable
development in Rosenergoatom Concern OJSC.
Study of the existing processes of collection, processing, documenting, verication, analysis and selection of data to be included into the Report.
Examination of adequacy of the statements and data included into the Report.
Analysis of information in the Report for compliance with the aforementioned criteria.
LIMITATIONS OF THE ENGAGEMENT
The assurance is limited to the period from January 01, 2014 to December 31, 2014.
In respect to the quantitative performance indicators the conformity assessment to the audited nancial statements and other provided to us external
and internal reporting documents related to economic, environmental and social aspects is performed.
Assurance does not apply to forward-looking statements, as well as statements expressing the opinions, beliefs and intentions of Rosenergoatom Concern OJSC to take any action relating to the future.
The assurance on the statements which are based on expert opinion is not performed.
Assurance is performed only in relation to the Russian version of the Report in the MS Word format which includes information to be published in a
hard-copy form as well as in electronic form.
We had no chance to verify publication of the Report on the corporate website of Rosenergoatom Concern OJSC due to the fact that the date of signing
this statement preceded the planned date of the Report publication on the Companys website.
This statement is the translation of the Russian original. The Russian version prevails.
CONCLUSIONS
The following conclusions are based on the assurance work performed within the engagement indicated above.
1.
2.
In general, the Report adequately reects management tools and performance indicators of Rosenergoatom Concern OJSC concerning economic,
social and environmental aspects of sustainable development.
As a result and within the scope of our work, we did not identify material misstatements in the Report information which discloses the
Rosenergoatom Concern OJSC activity in the eld of sustainable development and its results.
NATURE AND EXTENT OF COMPLIANCE WITH AA1000 APS 2008 PRINCIPLES

As a result and within the scope of our work, we did not identify material non-compliance with criteria of AA1000 APS 2008 in respect to adherence
to the principles (Inclusivity, Materiality, and Responsiveness).
COMPLIANCE OF THE REPORT WITH THE GRI SUSTAINABILITY REPORTING GUIDELINES G4 (COMPREHENSIVE OPTION)
In order to form an opinion on this issue, we analyzed implementation of GRI G4 Guidelines concerning principles and standard disclosures for the chosen
option to prepare a report in accordance with the Guidelines.
PRINCIPLES FOR DEFINING REPORT CONTENT
MATERIALITY
Materiality assessment is based on the survey involving internal and external stakeholders of Rosenergoatom Concern OJSC conducted in 2013.
As part of preparation of the report for 2014 the list of material aspects was updated.
Information included into the Report encompasses the topics and performance indicators that reect signicant impact of Rosenergoatom Concern
OJSC on the economy, environment and society or can substantively inuence the assessments and decisions of stakeholders.
Report touches on the main issues brought up in the reports of foreign companies working in the similar market segment
STAKEHOLDER INCLUSIVENESS
Rosenergoatom Concern OJSC presented in the Report information on stakeholders and mechanisms of incorporation of their interests, when determining the contents of the Report.
The report demonstrates the commitment of Rosenergoatom Concern OJSC to take into account the interests of the stakeholders in its activities.
The Report contains detailed information on the stakeholders suggestions made as part of the public dialogues and consultations on the Reports and
Companies feedback on the suggestions.
Appendix 6

2014 Annual Report
178
SUSTAINABILITY CONTEXT
The Report presents the results of Rosenergoatom Concern OJSC operations in a wide range of sustainable development issues, including various
aspects of economic, social and environmental activities.
COMPLETENESS
Within the claimed boundaries the Report with a sufcient degree of completeness covers information on the activities of Rosenergoatom Concern
OJSC without its subsidiaries.
In order to ensure full disclosure of information, the Company applied the GRI Electric Utilities Sector Disclosures.
PRINCIPLES FOR DEFINING REPORT QUALITY
BALANCE
The Report has a balanced nature, reecting both the results and the issues that require solution.
COMPARABILITY
The comparability of the Report and non-nancial reports of other organizations is achieved by using GRI G4 Guidelines as the basis for disclosure of
performance indicators for sustainable development.
The comparability of nancial information in relation to the reports of other companies is not fully achieved in connection with the application of the
rules of the Federal legislation in Russia and the Regulations of the Russian accounting (rather than International Financial Reporting Standards) for its
disclosure.
Some quantitative indicators are presented in a three-year dynamics, making it possible to analyze relevant development trends in the Companys
activities.
ACCURACY
The level of accuracy of actual information in the Report is sufcient for stakeholders to estimate the performance of Rosenergoatom Concern OJSC
in the eld of sustainable development.
The calculations of performance indicators are based on the methods approved in the GRI G4 Guidelines.
TIMELINESS
The Report is prepared with a view to be submitted to the Annual meeting of shareholders.
CLARITY
In general the information in the Report is shown clearly and intelligibly for the key groups of stakeholders.
The Report contains the Glossary that facilitates understanding of the information for the users of the Report.
RELIABILITY
The information in the Report about the performance is based on the internal reporting documents of Rosenergoatom Concern OJSC and the
ROSATOM State Atomic Energy Corporation and the statements submitted to regulatory authorities.
Issues of auditing efciency of the control and order of preparation of non-nancial reports are within competence of the Internal Control and Audit Department. We were provided by Statement by the Rosenergoatom Concern OJSC Internal Control and Audits Department on the Results of an Internal
Audit to Examine Rosenergoatom Concern OJSC Process of Generating Public Reports..
We have not identied any facts that would call into question reliability of the information contained in the Report.
GENERAL STANDARD DISCLOSURES
General standard disclosures are reported mainly in compliance with the requirements of GRI G4 for the chosen in accordance option. General standard
disclosures G4-10, G4-11 are reported with omissions, which is indicated in the GRI Content Index.
DISCLOSURES ON MANAGEMENT APPROACH
In general the Report contains the disclosures on management approach on material aspects in economic, social and environmental eld; in particular, the impacts that make the aspects material, the companys approach to managing the material aspects, as well as evaluation of the management
approach for some material aspects, are reported.
Appendix 6

2014 Annual Report
179
INDICATORS
All indicators required for the Comprehensive option are reported in accordance with guidance contained in GRI G4, including disclosures with omissions
which are indicated in the GRI Content Index.
OVERALL ASSESSMENT OF THE REPORT
As a result and within the scope of our work, we did not identify material non-compliance with requirements to the report prepared in accordance with
the Comprehensive option of the G4 Guidelines.
COMPLIANCE OF THE REPORT WITH THE REQUIREMENTS OF THE INTERNATIONAL
INTEGRATED REPORTING FRAMEWORK
Based on the procedures performed and evidence obtained, we did not identify material non-compliance with the guiding principles of the International
Integrated Reporting Framework and with requirements to the structure of content elements of integrated reports.
COMPLIANCE OF THE REPORT WITH THE RUSSIAN LAW REQUIREMENTS TO ANNUAL
REPORTS OF JOINT-STOCK COMPANIES IN TERMS OF DISCLOSURE
Based on the procedures performed and evidence obtained, we did not identify material non-compliance with the Regulation on information disclosure by
issuers of securities (Provision of Central Bank of the Russian Federation from 30.12.2014 of No 454-P) in terms of disclosure in the annual report of
joint-stock company.
1.
2.
3.
4.
5.
Consider the possibility of increasing the extent of disclosure of information on the material aspects concerning subsidiaries in the next report.
It is expedient to disclose GRI indicators in relation to target values.
Increase the completeness of material aspects disclosure by reduction the share of disclosures with omissions.
In case of disclosure with omissions due to absence of a recording system provide more specic information about plans to obtain data in future.
Take into account remarks in the foregoing sections of the statement.
STATEMENT OF COMPETENCE AND INDEPENDENCE

JSC NP Consult is an independent audit rm, professionally rendering assurance services. JSC NP Consult is a member of self-regulated organization
Nonprot Partnership Institute of Professional Auditors and acts in accordance with the IFAC Code of Ethics. The company has a system of quality
control of audit services, including control of compliance with ethical norms.
JSC NP Consult states that the present statement is an independent auditors assessment. JSC NP Consult and its staff have no relations with Rosenergoatom Concern OJSC, its subsidiaries and afliates that could result in the conict of interest related to the assurance of the Report.
JSC NP Consult is an organizational stakeholder of GRI, licensed provider of assurance services in accordance with AA1000 AS.
The team involved in the assurance of annual report included the employees of JSC NP Consult with necessary experience in auditing and reporting
under GRI Guidelines, as well as with certicates in this area. The head of the assurance team completed trainings in the assurance of sustainability
reports in Accountability training center and has LCSAP certicate
CEO
JSC NP Consult
V.Y. Skobarev
Moscow
June 19, 2015
Appendix 6

2014 Annual Report
180
7.
Statement of the Internal

Control Department of
on the Results of the Internal Audit of Conformance of Preparation of Concerns 2014 Annual
Report with the Requirements of the Policy of Rosatom State Corporation in the Area of Public
Reporting and Standard of Public Annual Reporting of Rosenergoatom Concern OJSC
The internal audit of preparation of the public Annual Report of Rosenergoatom Concern OJSC (hereinafter, the Concern) is performed in accordance with
the Rules for Organization and Performance of Internal Audit as a part of the Internal Audit process carried out by the Internal Audit Department of the
Concern approved by order No. 9/300-P dated March 24, 2015 of the Concern taking into account the Policy of Rosatom State Corporation in the area of
public reporting approved by order No. 1/403-P dated May 13, 2011 of Rosatom State Corporation, Standard for Public Annual Reporting of the Concern
approved by order No. 9/526-P dated June 6, 2012 of the Concern, main provisions of the Guidance on Reports of Sustainable Growth of GRI (version
G4), series of international standards AA1000, and recommendations of the Russian Union of Industrialists and Entrepreneurs (RUIE) for use in management practice and corporate non-nancial reporting.
Pursuant to Sub-Clause 1.1 of Section 3.4 of the Procedure for Preparation of the Concerns Annual Report brought into force by order No. 9/841-P
dated August 4, 2014, the Concern issued order No. 9/1176-P dated October 29, 2014 On Organization of Work on Preparation of the Annual Report of
Rosenergoatom Concern OJSC for the Year 2014 approving the composition of the work group for preparation of the 2014 Annual Report of Rosenergoatom Concern OJSC (Head of the Working Group is D.L. Tkebuchava, First Deputy General Director). A.V. Timonov, Director of the Department for Information and Public Relations, Deputy Head of the Working Group, was instructed to organize work in accordance with the Regulations on Working Group on
Preparation of the Annual Report of Rosenergoatom Concern OJSC (order No. 9/945-P dated September 1, 2011).
The following are the main stages of the actual order of preparation of the Concerns Annual Report:
Preparation of the concept of the Annual Report;

Discussion of the concept of the Annual Report with stakeholders;
Expertise of the draft concept of the Annual Report in Rosatom State Corporation;
Approval of the concept of the Annual Report by the General Director of the Concern;
Collection of materials for preparation of the text of the report;
Preparation of the draft Annual Report;
Expertise of the draft Annual Report in Rosatom State Corporation;
Improvements of the draft Annual Report;
Opinion of the Permanent Technical Commission of the Concern;
Approval of the text of the Annual Report with Deputy General Directors and Chief Accountant of the Concern;
Signing of the Annual Report by the General Director and Chief Accountant of the Concern;
Preliminary approval of the Annual Report of the joint stock company by the Board of Directors of the Concern;
Approval of the Annual Report of the joint stock company by the General Meeting of Stockholders.
In the course of the audit:

The efciency of the internal control system with respect to preparation of public reporting (including analysis of regulation and formal description of
key processes related to preparation of public reporting) was assessed;
Compliance with the public report preparation procedure with applicable Russian legislation and corporate standard requirements that regulate the
business process of public report preparation was checked;
Recommendations on steps to improve the internal control system during preparation of public reporting were developed.
Based on the results of the audit we have concluded that the system of internal controls over the process of preparation of public reporting is efcient,
and the procedure for preparation of public reporting of the Concern complies with legislation of the Russian Federation, the Policy of Rosatom State
Corporation regarding public reporting, and the Concerns internal corporate standards regulating the business process of public report preparation.
Director, Department of Internal Control and Audit Chief Controller
Appendix 7
Statement of the Internal Control Department of Rosenergoatom Concern OJSC
V.V. Tatarchuk

2014 Annual Report
181
8.
Business/Financial Accounting Statement
ACCOUNTING BALANCE SHEET STATEMENT AS OF DECEMBER 31, 2014
CODES
OKUD Form
Date (day, month, year)
Organization Rosenergoatom Concern OJSC
0710001
31
12
By OKPO
Taxpayer ID
INN
7721632827
By OKVED
Type of economic Generation of electric power by nuclear plants
by OKOPF/OKFS
Form of incorporation/ownership: Open Joint Stock Company (owned by the Federal Government)
40.10.13
12247
By OKEI
Units of measurement: Thousand rubles
2014
08844275
12
384
Location (address): 109507, Moscow, ul. Ferganskaya, d. 25
COMMENTS
ITEM DESCRIPTION
CODE
DECEMBER 31,
2014
DECEMBER 31,
2013
DECEMBER 31,
2012
1110
1,119,114
992,070
1,112,416
ASSETS
I. NON-CURRENT ASSETS
2.3, 6.1
Intangible assets
2.5, 6.2
Results of research and development
1120
6,220,566
6,226,265
6,236,231
2.4, 6.3
Fixed assets
1150
1,188,688,823
1,081,795,936
937 799 734
Buildings, machines, equipment and other xed assets
1151
379,301,528
358,522,677
354,938,386
6.4
Construction in progress invested in xed assets
1152
690,723,601
549,179,817
414,551,732
6.5
Advanced payments to suppliers and contractors for capital construction, suppliers of xed asset items
1153
118,663,694
174,093,442
168,309,616
Yield-bearing investments in material values
1160
84,270
79,081
221,715
2.7, 6.6
Financial investments
1170
36,344,996
41,180,564
38,983,069
6.7
Miscellaneous non-current assets
1190
26,826,311
22,064,607
19,424,929
Section I subtotal
1100
1,259,284,080
1,152,338,523
1,003,778,094
2.6, 6.8
II. CURRENT ASSETS
1210
47,862,422
42,448,269
34,904,834
Materials, stock and similar assets
1211
46,527,976
41,587,572
34,194,942
Finished products and resellable stock
1213
1,164,458
859,539
704,728
Shipped goods
1214
169,757
927
Miscellaneous inventory and costs
1219
231
231
5,164
Inventory
Value Added Tax on values purchased
1220
1,391,041
1,614,072
1,680,680
Accounts receivable
1230
26,689,446
33,327,930
39,130,439
Settlements with buyers and customers
1231
15,593,278
17,864,046
16,290,242
Advanced payments issued
1232
111,428
1,291,899
7,941,777
Miscellaneous debtors
1233
10,984,740
14,171,985
14,898,420
2.7, 6.10
Financial investments (except cash equivalents)
1240
14,572,714
821,200
6,721,002
6.11
Cash and equivalents
1250
5,860,813
10,364,734
1,548,816
Miscellaneous current assets
1260
166,255
46,631
61,969
Section II subtotal:
1200
96,542,691
88,622,836
84,047,740
BALANCE
1600
1,355,826,771
1,240,961,359
1,087,825,834
6.9
Appendix 8
Business/Financial Accounting Statements

2014 Annual Report
182
CODES
OKUD Form
0710001
31
12
By OKPO
Taxpayer ID
INN
7721632827
By OKVED
by OKOPF/OKFS
40.10.13
12247
By OKEI
2014
08844275
12
384
Location (address): 109507, Moscow, ul. Ferganskaya, d. 25

Form 0710001 page 2
COMMENTS
ITEM DESCRIPTION
CODE
DECEMBER 31,
2014 (3)
DECEMBER 31,
2013 (4)
DECEMBER 31,
2012 (5)
LIABILITIES
III. EQUITY AND PROVISIONS
6.14
6.14
6.15
6.14
2.8, 6.17
Registered capital (share capital, registered fund, partners

contributions)
1310
671,516,563
671,516,563
530,011,527
Shareholders capital contributions before records of constituent

documents
1330
55,297,167
80,079,544
Surplus capital (not revalued)
1350
25,496
6,812
314
Reserve capital
1360
223,627,151
187,840,188
145,322,811
143,720,122
Provisions established under legal requirements
1361
221,913,928
186,237,499
Provisions established under incorporation documents
1362
1,713,223
1,602,689
1,602,689
Retained prots (unrecovered loss)
1370
229,550,964
198,359,100
179,373,958
Section III subtotal
1300
1,180,017,341
1,057,722,663
934,788,154
IV. LONG-TERM LIABILITIES
1410
81,697,638
81,890,352
60,178,290
1420
1,869,716
1,592,492
1,018,119
Borrowed funds
2.9, 6.18
Deferred tax liabilities
6.15
Appraisal-related liabilities
1430
3,365,287
5,627,630
4,823,016
6.21
Miscellaneous liabilities
1450
4,779,533
11,033,023
13,756,370
Section IV subtotal
1400
91,712,174
100,143,497
79,775,795
2.8, 6.17
V. SHORT-TERM LIABILITIES
Borrowed funds
1510
12,752,173
22,435,801
22,138,794
6.22
Accounts payable
1520
61,186,967
51,973,324
42,694,181
Suppliers and contractors
1521
47,332,931
38,266,410
29,829,810
Advance payments received
1522
429,990
9,464
22,459
Owed to employees
1523
900,189
911,725
846,873
6.19
Owed to government off-budget funds
1524
386,121
372,071
300,073
Debts in taxes and duties
1525
1,890,250
1,908,866
1,946,896
Miscellaneous creditors
1526
10,247,486
10,504,788
9,748,070
6.12
Deferred revenue
1530
1,227,656
1,290,045
1,365,526
6.20
Appraisal-related liabilities
1540
8,661,579
7,046,918
6,674,722
6.13
Special-purpose nancing
1546
268,881
349,111
388,662
Section V subtotal
1500
84,097,256
83,095,199
73,261,885
BALANCE
1700
1,355,826,771
1,240,961,369
1,087,825,834
Manager
E.V. Romanov
Chief Accountant
A.V. Shalimov
24 February 2015
Appendix 8

2014 Annual Report
183
PROFIT AND LOSS STATEMENT FOR THE YEAR OF 2014
CODES
OKUD Form
12
By OKPO
Taxpayer ID
INN
by OKOPF/OKFS
7721632827
40.10.13
12247
By OKEI
ITEM DESCRIPTION
CODE
2014
08844275
By OKVED
COMMENTS (1)
0710002
31
12
384
2014
2013
2.10, 7.1
Revenues
2110
253,215,398
232,856,681
2.11,7.1
Sales costs
2120
(147,607,968)
(136,547,466)
Gross prot/loss
2100
105,607,430
96,309,215
2.11
Commercial expenses
2210
(14,727)
(15,910)
2.11
Administrative costs
2220
(81,900,769)
(81,084,376)
Prot/loss after sales
2200
23,691,934
15,208,929
Gains from interest held in other corporate entities
2310
580,412
350,821
6.9
Interest receivable
2320
3,309,776
2,131,753
6.17
Interest payable
2330
(1,375,392)
(1,255,455)
2.10, 7.2
Miscellaneous incomes
2340
9,375,732
3,669,827
2.11,7.2
Miscellaneous expenses
2350
(18,133,005)
(11,968,087)
Prot/loss before tax
2300
17,449,457
8,137,788
Current prot tax
2410
(9,324,801)
(6,112,395)
6.18
Including xed tax liability/assets
2421
(6149157)
(5,048,050)
6.18
Change in deferred tax liability
2430
(94,729)
(659,345)
6.18
Change in deferred tax assets
2450
(219,518)
96,133
6.18
Other
2460
75,026
(13,356)
6.18
Prot tax reallocation within the consolidated taxpayers group
2465
1,352,747
761,845
Net prot/loss
2400
9,238,182
2,210,670
COMMENTS (1)
ITEM DESCRIPTION
CODE
REFERENCE
Result of non-current assets revaluation not included in the net prot/ loss of
the period
2510
2520
22,082,900
16,781,283
Consolidated nancial result of the period
2500
31,321,082
18,991,953
Base prot/ loss per share of stock
2900
Diluted prot/ loss per share of stock
2910
Result of miscellaneous operations not included in the net prot/ loss of the
period
7.3
Manager
E.V. Romanov
Appendix 8
Chief Accountant
2014
2013
A.V. Shalimov

2014 Annual Report
184
EQUITY DYNAMICS STATEMENT FOR 2014
CODES
OKUD Form
0710003
31
12
By OKPO
Taxpayer ID
INN
7721632827
By OKVED
by OKOPF/OKFS
40.10.13
12247
By OKEI
2014
08844275
12
384
1. CASH FLOW
ITEM DESCRIPTION
CODE
REGISTERED
CAPITAL
OWN STOCK
REDEEMED
FROM
STOCKHOLDER
SHAREHOLDERS CAPITAL
CONTRIBUTIONS
BEFORE RECORDS
OF CONSTITUENT
DOCUMENTS
SURPLUS
CAPITAL
RESERVE
CAPITAL
RETAINED
PROFIT/
UNCOVERED
LOSS
TOTAL
Size of capital as of December

31,2012
3100
530,011,527
80,079,544
314
145,322,811
179,373,958
934,788,154
For year 2013, Increment in

capital, total:
3210
141,505,036
61,425,492
6,498
70,457,849
2,210,670
275,605,545
Including, net prot
3211
2,210,670
2,210,670
Revaluation of assets
3212
Income recognized directly as

capital increment
3213
6,498
6,498
Additional issue of stock
3214
141,505,036
61,425,492
202,930,528
Increase in par value of stock
3215
Reorganization of corporate entity
3216
Engaged industry-level reserves

for purposes of investment
3217
70,457,849
70,457,849
Shareholders capital contributions before records of

constituent documents
3218
3220
(141,505,036)
(141,505,036)
Including, loss
3221
3222
Expenses recognized directly as

capital decrement
3223
Decrease in par value of stock
3224
Decrease in number of stock
3225
Reorganization of corporate entity
3226
Dividends
3227

3228
(141,505,036)
(141,505,036)
Industry-level reserves usage
3229
(11,166,000)
(11,166,000)
Change in surplus capital
3230
Change in reserve capital
Decrement in capital, total:
3240
Change due to commissioning of

xed assets objects built (purchased) with industry-level
3250
(16,774,472)
16,774,472

31,2014
3200
671,516,563
6,812
187,840,188
196,359,100
Appendix 8
1,057,722,663

2014 Annual Report
185
ITEM DESCRIPTION
CODE
REGISTERED
CAPITAL
OWN STOCK
REDEEMED
FROM
STOCKHOLDER
SHAREHOLDERS CAPITAL
CONTRIBUTIONS
BEFORE RECORDS
OF CONSTITUENT
DOCUMENTS
SURPLUS
CAPITAL
RESERVE
CAPITAL
RETAINED
PROFIT/
UNCOVERED
LOSS
TOTAL
3310
55,297,167
18,684
70,576,072
9,238,182
135,130,105
Including, net prot
3311
9,238,182
9,238,182
3312
Income recognized directly as

capital increment
3313
18,684
18684
Additional issue of stock
3314
Increase in par value of stock
3315
Reorganization of corporate
entity
3316
Engaged industry-level reserves

for purposes of investment
3317
70,576,072
70,576,072

3318
55,297,167
55,297,167
For year 2014, Increment in

capital, total:
Decrement in capital, total:
3320
Including, loss
3321
3322
Expenses recognized directly as

capital decrement
3323
Decrease in par value of stock
3324
Decrease in number of stock
3325
Reorganization of corporate
entity
3326
Dividends
3327

3328
3329
(12,835,427)
(12,835,427)
Industry-level reserves usage

Change in surplus capital
3330
Change in reserve capital
3340
110,534
(110,534)
Change due to commissioning of

xed assets objects built (purchased) with industry-level
3350
(22,064,216)
22,064,216

31,2014
3300
671,516,563
55,297,167
25,496
223,627,151
229,550,964
1,180,017,341
Manager
E.V. Romanov
Appendix 8
Chief Accountant
A.V. Shalimov

2014 Annual Report
186
2. ADJUSTMENTS DUE TO ACCOUNTING POLICY CHANGE AND CORRECTION OF ERRORS

ITEM DESCRIPTION
CODE
EQUITY, TOTAL
DECEMBER 31, 2012
EQUITY CHANGES IN 2013

On account of net prot/loss
Other
DECEMBER 31,
2013
3400
854,708,610
2,210,670
200,803,383
1,057,722,663
3410
80,079,544
---
(80,079,544)
---
efore adjustments
Adjustment due to:
accounting policy change
3420
---
---
---
---
After adjustments
correction of errors
3500
934,788,154
2,210,670
120,723,839
1,057,722,663
Including
retained prot/ uncovered loss:
before adjustments
3401
179,373,958
2,210,670
16,774,472
198,359,100
adjustment due to:

3411
---
---
---
---
3421
---
---
---
---
3501
179,373,958
2,210,670
16,774,472
198,359,100
3402
675,334,652
---
184,028,911
859,363,563
3412
80,079,544
(80,079,544)
---
after adjustments
Other equity items adjusted
(per item)
before adjustments
adjustment due to:
after adjustments
3422
---
---
---
---
3502
755,414,196
---
103,949,367
859,363,563
3. NET ASSETS
ITEM DESCRIPTION
CODE
DECEMBER 31,2014
DECEMBER 31,2013
DECEMBER 31,2012
Net assets
3600
1,181,244,997
1,059,012,708
936,153,680
Manager
E.V. Romanov
Appendix 8
Chief Accountant
A.V. Shalimov

2014 Annual Report
187
CODES
OKUD Form
12
By OKPO
Taxpayer ID
INN
by OKOPF/OKFS
7721632827
40.10.13
12247
By OKEI
2014
08844275
By OKVED
ITEM DESCRIPTION
0710004
31
12
384
CODE
2014
2013
4110
260,557,074
232,968,298
CASH FLOW FROM CURRENT OPERATIONS
Revenue - total
Including:
from sold products, works, services
4111
251,729,143
227,046,089
payments in lease, rent, royalty fees, commission fees and similar amounts
4112
258,812
386,434
resold nancial investments
4113
miscellaneous revenue
4119
8,569,119
5,535,775
Payments, total
4120
(152,638,792)
(138,327,228)
4121
(94,732,480)
(85,553,349)
Including:
to suppliers/contractors, for materials, products, works, services
to employees
4122
(27,502,799)
(26,638,302)
interest payable on debentures
4123
(952,977)
(1,110,967)
prot tax
4124
(8,631,899)
(5,601,245)
miscellaneous payments
4129
(20,818,637)
(19,423,365)
4100
107,918,282
94,641,070
Revenue - total
4210
246,241,111
224,512,531
Including:
from sold non-current assets (except nancial investments)
4211
176,873
236,132
4212
1,862,982
from repaid loans issued, sold debentures (claim rights to third parties
4213
242,372,302
220,010,975
dividends, interest on nancial debt investments, and similar revenue from holdings in other
corporate entities
4214
3,579,439
2,292,445
Balance of cash ow from current operations

CASH FLOW FROM INVESTMENTS
from sold corporate stock or holdings in other corporate entities
4219
112,497
109,997
Payments - total
4220
(404,250,868)
(390,353,661)
Including:
to purchase, create, upgrade, retrot and set up non-current assets
4221
(139,824,705)
(167,883,711)
to purchase corporate stock or holdings in other corporate entities
4222
(30,000)
(2,134,645)
to purchase debentures (claim rights to third parties), issue loans to third parties
4223
(256,032,694)
(214,186,947)
interest payable on debentures included in the price of an investment asset
4224
(8,363,469)
(6,148,358)
miscellaneous payments
4229
4200
(158,009,757)
(165,841,130)
Balance of cash ow from investments
Appendix 8

2014 Annual Report
188
ITEM DESCRIPTION
CODE
2014
2013
Revenue - total
4310
121,999,363
131,741,077
Including:
Received loans and credits
4311
66,699,396
73,604,495
CASH FLOW FROM FINANCIAL OPERATIONS
Cash investments from owners (partners)
4312
from issued stock or increased holdings
4313
55,297,167
58,136,582
from issued bonds, promissory notes, security debentures, etc.
4314
government budget allocations, and other government nancing
4315
4319
2,800
Payments - total
4320
(76,512,712)
(51,738,814)
Including
to incorporators/ stockholder to nance buyout of stock/holdings in the corporate capital, or their
retirement from the corporation
4321
Paid as dividends and otherwise to distribute prots among owners/partners
4322
redemption/buyout of promissory notes and other securities, repayment of loans and credits
4323
(76,512,712)
(51,738,814)
Miscellaneous payments
4329
(304)
Balance of cash ow from nancial operations
4300
45,486,651
80,002,263
Balance of cash ow for the reporting period
4400
(4,604,824)
8,802,203
Balance of cash and equivalents at the beginning of the reporting period
4450
10,361,255
1,548,765
Balance of cash and equivalents at the end of the reporting period
4500
5,859,106
10,361,255
Impact by change of foreign currency exchange rate to the ruble
4490
102,675
10,287
Appendix 8

2014 Annual Report
189
9.
Statement on the Results of Independent

Assurance of Public Annual Report
of Open Joint-Stock Company Concern for Production of Electric
and Thermal Energy at Nuclear Power Plants 2014
Audit Opinion
To Shareholders of Open Joint-Stock Company

Russian Concern for Production of Electric
and Thermal Energy at Nuclear Power Plants
AUDITED ENTITY
CORPORATE NAME:
Open Joint-Stock Company Russian Concern for Production of Electric and Thermal Energy at Nuclear Power Plants (hereinafter Rosenergoatom
Concern OJSC).
LOCATION:
109507, Moscow, ul. Ferganskaya, d. 25.
STATUTORY REGISTRATION:
Registered by Federal Tax Service Interdistrict tax inspectorate No. 46 in the city of Moscow, on September 17, 2008; Certicate: series 77 No.
010416448. Record of September 17, 2008 in the Unied State Register of Legal Entities, Primary State Registration Number 5087746119951.
AUDITOR
CORPORATE NAME:
Accountants & Business Advisers Limited Liability Company (FBK LLC).
LOCATION:
101990, Moscow, ul. Myasnitskaya, 44/1, str. 2AB.
STATUTORY REGISTRATION:
Registered by Moscow Chamber of Registration, on November 15, 1993, Certicate: series UZ 3 No. 484.583 RP. Record of July 24, 2002, in the Unied
State Register of Legal Entities, Primary State Registration Number 1027700058286.
MEMBERSHIP IN SELF-REGULATED ASSOCIATION OF AUDITORS:
Russian Chamber of Auditors Not-for-Prot Partnership.
ID RECORD IN THE REGISTRY OF THE SELF-REGULATED ASSOCIATION OF AUDITORS:
Certicate of association in Russian Chamber of Auditors Not-for-Prot Partnership, No. 5353, ORNZ (Primary Registration Entry Number)
10201039470.
We have reviewed the attached accounting (nancial) statements led by Rosenergoatom Concern OJSC comprising its Accounting Balance Sheet
Statement as of December 31, 2014, its Prot and Loss Statement, its Equity Dynamics Statement, and its Cash Flow Statement for 2014, and other
appendices to the Accounting Balance Sheet Statement and Prot and Loss Statement for 2014.
Appendix 9

2014 Annual Report
190
AUDITED ENTITYS RESPONSIBILITY

FOR ITS ACCOUNTING (FINANCIAL) STATEMENTS
The audited entitys management shall assume responsibility for the aforementioned accounting (nancial) statements and reports, and shall ensure
that they are prepared reliably, accurately, and in compliance with Russian accounting standards, and shall enforce the internal control system as may be
required to prepare accounting (nancial) statements free of any material misrepresentation through either fraudulence or error.
AUDITORS RESPONSIBILITY
Our responsibility is to form and state our judgment as regards reliability of the said accounting (nancial) statements based on the review conducted by
ourselves. We conducted the audit in conformity with Russian Federal auditing standards, which require that we should adhere to applicable standards of
ethics, and that we should plan and conduct our audit in a manner that ensures reasonable certainty that the said accounting (nancial) statements are
free of any material misrepresentation.
Our review consisted of auditing procedures designed to obtain auditing evidence to conrm numeric values and disclosure of information in the accounting (nancial) statements. Selection of such auditing procedures was based on our judgment, which in turn relied on assessment of the risk of material
misrepresentation through either fraudulence or error. As we assessed such risk, we examined the corporate control system used to prepare and verify
the accounting (nancial) statements, and the purpose of such examination was to enable selection of auditing procedures, but not to express an opinion
about efciency of the said corporate control system. Our audit also established compliance of the adopted corporate accounting policy and the grounds
underlying the value indicators furnished by the management of the audited entity, as well as integral assessment of the led accounting (nancial)
reports as a whole.
We hold that the evidence collected in the course of our audit give sufcient grounds for our judgment about the accounting (nancial) statements as true
and reliable.
OPINION
It is our opinion that the reviewed accounting (nancial) statements reliably represent all relevant aspects of the nancial situation in Rosenergoatom
Concern OJSC as of December 31, 2014, its nancial and business performance, and its cash ows during 2014, in conformity with the Russian standards for accounting (nancial) statements.
S.M. Shapiguzov
FBK LLC President
By virtue of the Articles of Association,
Auditor Qualication Certicate 01-001230, ORNZ
(Primary Registration Entry Number) 29501041926
Audit opinion date:
March 2, 2015
Appendix 9

2014 Annual Report
191
10. Opinion of the Internal Auditing Committee

on the Results of Review of Financial and Business Activities
of Rosenergoatom Concern OJSC for 2014
Moscow
April 1, 2015
In accordance with the Federal Law on Joint Stock Companies, the Charter of Rosenergoatom Concern OJSC (hereinafter, the Company), and the
Companys Regulation on the Internal Auditing Committee the Companys Internal Auditing Committee reviewed the Companys nancial and business
operations in 2014 between March 16, 2015 and April 1, 2015.
The Internal Auditing Committee was formed based on Resolution No. 7 of the nnual General Meeting of Stockholders of Rosenergoatom Concern OJSC
of June 24, 2014, with the following designated members:
Pyotr Anatolyevich Stepayev
Chairman of the Internal Auditing Committee, Deputy Director on Capital Investments

Head of the Department of Programs for Capital Investments, Rosatom State Corporation
Marina Igorevna Kiseleva
Member of the Internal Auditing Committee,

Director of the Department of NPP Lifecycle of Rosatom State Corporation
Liudmila Nikolayevna Demidova
Member of the Internal Auditing Committee, Secretary, Director of the Department of

Economics and Controlling of Rosenergoatom Concern OJSC
The Internal Auditing Committee did not receive any requests from the companys stockholders or the Board of Directors calling for any extraordinary
checks or audits.
In the course of the check, the Internal Auditing Committee randomly selected and examined documents related to the Companys nancial and business
operations which represent essential aspects of the Companys activities.
In the course of the check the Internal Auditing Committee relied, among other things, on the auditors opinion prepared by Accountants & Business Advisers LLC (FBK LLC) on the accounting (nancial) statements of Rosenergoatom Concern OJSC for 2014.
Following the review, the Internal Auditing Committee:
1.
2.
States its opinion regarding authenticity of the information contained in the Companys accounting (nancial) statements in all material aspects.
Has not established in the Companys nancial and business activities any facts of non-compliance with the rules and procedures of business
accounting and nancial reporting under applicable legal instruments of the Russian Federation, or any other legislation of the Russian Federation
which might have material impact on the authenticity of the Companys reporting information.
Chairman of the Internal Auditing Committee
Pyotr Anatolyevich Stepayev
Member of the Internal Auditing Committee
Marina Igorevna Kiseleva
Member of the Internal Auditing Committee, Secretary
Liudmila Nikolayevna Demidov
Appendix 10
Opinion of the Internal Auditing Committe

2014 Annual Report
192
11. Report on the Concerns Compliance

with the Corporate Management Code
Recommended by the Bank of Russia
The Concern pays big attention to the matters of corporate management and its improvement. The Concern strives to follow main provisions of the Corporate Management Code (hereinafter, the Code) recommended for use by the Bank of Russia, with due regard to the specics of the composition of stockholders and activity of the Concern.
The Concern applies recommendations of the Code to its practice of corporate governance considering them an important source for development of own
internal documents, dening standards of the corporate management.
The Concern also applies recommendations of the Code aimed at increasing efciency of operation of managing bodies and control over their activity.
In its operation the Concern strives to pay big attention to the following areas of corporate management indicated in the Code:
Rights of stockholders and equitable treatment of stockholders when they exercise their rights;
Regulation of activity of the Board of Directors;
Disclosure of information about the Concern;
Improving risk management and internal control system.
For more details about application of recommendations provided in the Code please refer to Section 4 Corporate Management of this Annual Report.
Appendix 11
Report on the Concerns Compliance with the Corporate Management Code Recommended by the Bank of Russia

2014 Annual Report
193
12. Active Nuclear

Power Units
POWER PLANT
UNIT NO
REACTOR TYPE
ELECTRICAL CAPACITY, MW
JOINED THE GRID
Balakovo NPP
1
2
VVER-1000
1000
28.12.1985
VVER-1000
1000
08.10.1987
VVER-1000
1000
24.12.1988
VVER-1000
1000
11.04.1993
Beloyarsk NPP
BN-600
600
08.04.1980
Bilibino NPP
EGP-6
12
12.01.1974
EGP-6
12
30.12.1974
EGP-6
12
22.12.1975
EGP-6
12
27.12.1976
VVER-1000
1000
09.05.1984
VVER-1000
1000
03.12.1986
VVER-1000
1000
16.12.2004
VVER-1000
1000
22.11.2011
VVER-440
440
29.06.1973
VVER-440
440
09.12.1974
VVER-440
440
24.03.1981
VVER-440
440
11.10.1984
RBMK-1000
1000
12.12.1976
RBMK-1000
1000
28.01.1979
RBMK-1000
1000
17.10.1983
RBMK-1000
1000
02.12.1985
RBMK-1000
1000
21.12.1973
RBMK-1000
1000
11.07.1975
RBMK-1000
1000
07.12.1979
RBMK-1000
1000
09.02.1981
VVER-440
417
12.12.1971
VVER-440
417
28.12.1972
VVER-1000
1000
31.05.1980
VVER-1000
1000
30.03.2001
VVER-1000
1000
16.03.2010
VVER-1000
1070
27.12.2014
RBMK-1000
1000
09.12.1982
RBMK-1000
1000
31.05.1985
RBMK-1000
1000
17.01.1990
Kalinin NPP
Kola NPP
Kursk NPP
Leningrad NPP
Novovoronezh NPP
Rostov NPP
Smolensk NPP
Appendix 12
Active Nuclear Power Units

2014 Annual Report
194
13. Installed Capacity, Electricity Generation,

and ICUF at NPPs of Rosenergoatom
Concern OJSC in 2014 by Geographical Regions
UNIFIED
POWER
SYSTEM (UPS)
CONSTITUENT
ENTITY OF RUSSIAN
FEDERATION
NUMBER
OF POWER
UNITS
POWER
UNIT TYPE
INSTALLED
CAPACITY,
MW*
GENERATION
OF ELECTRICAL
POWER,
MILLION KWH
ICUF, %
AVAILABILITY
FACTOR, %
ITEM
NO.
NAME OF NPP
Kalinin NPP
Center
Tver Oblast
VVER
4,000
28,331.9
80.9
81.5
Kursk NPP
Center
Kursk Oblast
RBMK
4,000
29,224.0
83.4
84.3
Novovoronezh NPP
Center
Voronezh Oblast
VVER
1,834
13,242.9
82.4
83.0
Smolensk NPP
Center
Smolensk Oblast
RBMK
3,000
23,673.66
90.1
90.7
Kola NPP
NW
Murmansk Oblast
VVER
1,760
10,361.4
67.2
84.1
Leningrad NPP
NW
Leningrad Oblast
RBMK
4,000
25,373.4
72.4
73.9
Rostov NPP
South
Rostov Oblast
89.5
91.8
including power unit

No. 3 (power start up on
December 27, 2014)
South
Rostov Oblast
Balakovo NPP
Middle Volga
Saratov Oblast
85.6
Beloyarsk NPP
Ural
Sverdlovsk Oblast
10
Bilibino NPP
East
Chukotka
Autonomous Okrug
TOTAL for Rosenergoatom Concern OJSC
VVER
2,000
15,704.9
VVER
low power
testing
20.1
VVER
4,000
29,819.5
85.1
BN
600
4,523.6
86.1
86.1
EGP-6
48
220.21
52.4
81.2
25,242
180,475.5
81.6
83.7
34
* Installed capacity of NPPs of Rosenergoatom Concern OJSC in 2014 excluding power unit No. 3 of Rostov NPP (low power testing period,
power start up on December 27, 2014).
Appendix 14 Main Personnel Characteristics

and Appendix 15 Table on Consideration
of Suggestions Made by Stakeholders G4-27
may be found in the interactive version of the Report
http://report2014.rosenergoatom.ru
Appendix 13
Installed Capacity, Electricity Generation, and ICUF at NPPs of Rosenergoatom Concern OJSC in 2014 by Geographical Regions

2014 Annual Report
195
16. Glossary
Automated radiation background control an automated system

that measures strength of exposure to gamma rays within residential
communities.
Emergency drill set a set of exercise activities the Concern uses

to train its NPP management, forces, and facilities to respond to an
emergency.
Automated radiation control system an automated system including

information and instrumentation systems and equipment that enable its
functioning. This system collects and processes information about controlled parameters that characterize the radiological status in NPP controlled areas, at industrial sites, in the buffer area and radiation-control
area, in all NPP operating modes, including project-specic and unforeseen emergency, as well as the NPP condition during decommissioning
of its power units.
Fast reactor (fast neutron reactor) nuclear reactor in which the ssion
chain reaction is sustained by fast neutrons (with an energy of >105 eV).
Availability factor (AF) Refers to the capability of rated electrical load

bearing of the power unit, expressed as the ratio of the sum of power
generated by unit and power that wasnt generated by reasons unrelated
to the power unit, to the power generated during this period of time under rated (installed) capacity. The standard value for a NPP is AF = 80%.
(Build-Own-Operate) design circuit, where the design company
that constructs the facility also subsequently owns and operates this
facility. This form of project nancing allows the accumulation of necessary nancial resources, decreased investment risk, and combines the
interests of various parties being members of the project.
Closed nuclear fuel cycle a nuclear fuel cycle (NFC), where spent nuclear fuel unloaded from the reactor is recycled to recover uranium and
plutonium to be reused in nuclear fuel.
Commissioning a process when the systems and equipment of the
power unit or the entire NPP are launched, and their project compliance
is checked. The process includes pre-commissioning setup, physical and
power commissioning, and production test operation; it concludes when
the NPP is signed off for commercial operation.
Concern Crisis Center a key component within the structure of
emergency support to NPPs, it monitors main parameters of production,
radiation, environment, and re safety in the 24/7 mode.
Conditional emergency a scenario assuming multiple damage failures
and equipment, under which nuclear plant employees and emergency
services drill issues of rapid response to unusual situations at the nuclear plant, and test readiness of personnel and equipment to eliminate
likely emergencies.
Core zone part of the reactor that houses nuclear fuel, the moderator,
beta absorber, heat medium, reactive impact devices, and structural
elements used to enable a controlled nuclear ssion chain reaction and
transmit the energy to the heat medium.
Appendix 16
Glossary
Floating thermal nuclear power plant (FTNPP) a mobile oating

nuclear thermal and electric plant with small output capacity to be used
in remote regions in Russia and abroad, including for the desalination of
seawater. These units are non-propelled crafts with nuclear power unit,
transported to the region of operation via waterways.
Fuel element the key structural component in a nuclear reactors core
zone in which nuclear fuel is encapsulated.
INES International Nuclear Events Scale, adopted to facilitate communication and understanding between nuclear industry specialists, mass
media, and the public, as regards the magnitude of events/ incidents at
nuclear units in terms of safety. The Scale places all events into one of
its seven levels: higher-level events (4-7) are known as emergency;
lower-level events (1-3) are incidents. Events that are negligible in
terms of safety are placed at level 0 beyond the Scale, and are known
as departures. Events irrelevant to safety are placed beyond the Scale,
and are known to be off-scale.
Installed capacity use factor ratio of arithmetical unit (NPP) mean
capacity to installed capacity for a specic time interval.
Intellectual capital organizational intangible assets, including development of potential of already hired personnel and prospective employees
(graduates onstitutions of higher education).
NPP lifecycle all stages of evolution that a nuclear plant passes
through during its existence; this includes design, construction, commissioning, operation, and decommissioning.
Nuclear Energy Agency (NEA) dedicated agency under the Organization for Economic Cooperation and Development (OECD), an intergovernmental organization of developed nations, having its headquarters
in Paris, France. To date 30 countries are part of OECD. NEAs objective
is to promote research and technological development and harmonization of national regulatory documents of member countries for safe,
cost-effective, and ecologically clean use of nuclear power for peaceful
purposes.
Nuclear plant nuclear equipment used to generate energy in preset operational modes and conditions, installed within project-dened boundaries that uses for that purpose one or more nuclear reactors and a set
of related systems, devices, equipment, and buildings with personnel.

2014 Annual Report
196
Nuclear plant safety a nuclear plants ability, during normal and

abnormal operation, including emergencies, to keep the radiation impact
on its personnel, citizens, and the environment within specic required
limits.
Safety culture culture where all individuals are trained, skilled, and
psychologically prepared, ensuring that NPP safety becomes a priority
and inherent need that results in understanding and self-control during
safety-related activities.
Nuclear power industry section of the power industry that engages

nuclear energy to produce heat and electric power.
Safety protections systems (components), designed to prevent or

mitigate damage to nuclear fuel storage, thermal housing, equipment,
and pipelines that contain radioactive substances.
Nuclear reactor protection shell a device in a nuclear reactor designed

to hold radioactive nuclides within the volume of the shell, in the event
of emergency decompression of the reactor equipment.
Nuclear reactor shell a tight reservoir designed to hold the core zone
of the nuclear reactor, neutron reector, monitoring and experimental
hardware, and to organize the cooling of the reactor using a heat medium ow.
Organization for Economic Cooperation and Development (OECD)
international economic association of developed nations adherent to the
principles of representative democracy and free market economy, whose
mission is to promote economic growth in the OECD member states, and
raise their contributions to global economic growth and development,
ghting poverty in countries that are not OECD members.
Power efciency efcient (rational) use of energy resources, to
achieve economically justied efciency at the existing level of engineering and technology, given compliance with environmental protection
regulations.
Quality management system the entire set of organizational
structure, methodology, processes, and resources needed for general
management of quality; designed to ensure continuous improvement of
operations, making the business more competitive on the domestic and
global markets, the system is part of the corporate management system
and determines any entitys competitive ability.
Radiation dose in radiation safety, a measure of impact by ionizing
radiation on a biological object, typically a human. Doses can be by
exposure, absorption, and equivalent.
Radiation monitoring collecting information about the radiation situation at nuclear plants in the environment, and exposure to humans.
Radiation safety condition when the existing and future human
generations are protected against health-damaging impacts of ionizing
radiation.
Situation Crisis Center a center that ensures technical, technological,

information exchange, and analytic support to activities of the HQ of
Rosatom State Corp., and involvement in information support to ongoing
management of the industry both under routine conditions and in
emergencies.
Spent nuclear fuel nuclear fuel contaminated in the reactors core zone
and withdrawn from it completely.
Unforeseen emergency an emergency caused by triggers not considered in project-specic emergencies, or accompanied by additional,
compared to project-specic, emergency scenarios, failures of safety
systems in excess of the single-failure scenario, and complicated by
human error.
Uniform State System to Prevent and Eliminate Emergencies
(UPEE) an organizational system that integrates bodies of management, forces and means commanded by the Federal Government,
the governments of constituent subjects of Russian Federation, local
governments, and organizations, whose functions include addressing
issues regarding protecting the public and territories in emergencies.
The system is designed to protect citizens and land against natural,
industrial, or other disasters, to provide defense at times of peace for
citizens, territories, and the environmental, material, and cultural values
of the land.
WANO World Association of Nuclear Plant Operators, whose mission
is to maximize the safety and reliability of nuclear plant operations
worldwide through exchange of information and encouraging contacts
among its members, comparing their working results and promoting best
practices.
Water-Water Energy Reactor (VVER) a shell-protected power reactor
using water under pressure as heat medium, moderator, and neutron
reector.
Radioactive emission a substance (or mix) as a gas and/or aerosol,

released into the environment (air) from emitting sources.
RBMK (large-capacity multi-channel reactor) channel-type,
water-graphite energy reactor with electric capacity equal or above 1
GW, where water boils in duct channels, and saturated steam is supplied
from separators into the turbines.
Reactor unit a set of NPP systems and components designed to
convert nuclear energy to heat, including a reactor and directly related
systems that support its normal operation, emergency cooling, emergency protections, and safety assurance, and provide compliance with
mandatory auxiliary and support functions from other systems of the
power plant. The limits for the reactor unit are stated specically for
each NPP in its project pack.
Appendix 16
Glossary

2014 Annual Report
197
17. Abbreviations
AF availability factor
PE permissible emissions
AMCS access management and control system
PO pilot operation
RCS automated radiation control system
PS pollutant substances
ASIDC automated system of individual dosimeter control, used by

personnel at a nuclear plant
QAP quality assurance program
ASRSC automated system of radiation situation control

DEDC decommissioning experimental demonstration center (NPP)
EDC emergency drill complex
ESL extension of service life
FE fuel element
FPU oating power unit
FTNPP oating thermal nuclear power plant
HPF hazardous production facilities
ICT information and communication technologies
ICUF installed capacity use factor
IRG inert radioactive gas
LSRWS liquid and solid radioactive waste storage
MDGU mobile diesel generator units
RBMK large-capacity channel reactor

RCR resource characteristics recovery (RBMK reactors)
RCS radiation control center
R&D research and development
RW radioactive waste
SBC standing buying committee
SCC Situation Crisis Center (Rosatom)
SFA spent fuel assembly
SNF spent nuclear fuel
SNFS spent nuclear fuel storage
TSC technical service center
UPEE united system for prevention and elimination of emergencies
VVER water-water energy reactor
WANO World Association of Nuclear Plant Operators
MCP main circulation pipeline

NPF nuclear power facility
NPP nuclear power plant
NPP DEU nuclear power plant drill exercise units
OECD Organization for Economic Cooperation and Development
OO operating organization
PD permissible discharge
Appendix 17
Abbreviations

2014 Annual Report
198
18. Feedback Form
Dear Readers,
We have been pleased to offer for your consideration the Rosenergoatom Concern OJSC Annual Report for 2014. It is important to us to ensure that the
dialogue with all of our stakeholders is as transparent and as honest as possible. Please take the time to ll out the feedback form below.
Your comments and suggestions are essential, as they will help us to improve the quality of future reports, and make them more informative and relevant.
Please send the completed form to: Rosenergoatom Concern OJSC, ul. Ferganskaya, d. 25, Moscow 109507, or by e-mail to: info@rosenergoatom.ru
Contact person for report content Aleksandr Berenzon, Senior Specialist, Department of Information and Public Relations, tel. +7 (495) 647-46-36.
TO WHICH GROUP OF INTERESTED PARTIES DO YOU BELONG?

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Representative of government structures/ public organizations
Media representative
Member of the expert community
Other (please specify) ________________________________________________________________________________________
1. DID THIS REPORT ANSWER YOUR QUESTIONS?

Yes, all of them
Yes, partly
No
2. WHAT OTHER INFORMATION WOULD YOU LIKE TO SEE IN THE NEXT ROSENERGOATOM CONCERN OJSC ANNUAL REPORT?
_______________________________________________________________________________________________________________
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3. PLEASE ASSESS THIS REPORT USING THE FOLLOWING CRITERIA:
Criterion
Excellent
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THANK YOU FOR TAKING PART!
Appendix 18
Feedback Form

2014 Annual Report
199
Notes

2014 Annual Report
200
Notes

2014 Annual Report

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GENERATING

Strategy and Outlook

The priority development objectives of the Concern are safe,

NPP power units

oating power unit

Key Performance Results

years with no events

NPP installed capacity share

NPP electricity production

Power generation compared

Persons visit the Community

Key Performance Results . . . .

KEY PERFORMANCE RESULTS

INTERACTION WITH STAKEHOLDERS

Interaction with Stakeholders

Key Performance Results

The first place among

Net asset value,

Installed capacity use

The second place among

% net prot increase

Revenue, mln rubles

Net profit, mln rubles

NPP share in Russias

1. In 2014, 8,632 mln rubles

Taxes paid, mln rubles, including:1

Gross profit, mln rubles

Total volume of profit

107.3 106.6 189

bln KWh power generation

% FTS balance fulllment

% total value of the KPI

Key business processes

PRODUCTION AND INNOVATIVE CAPITAL

FINANCIAL CAPITAL (BLN RUBLES)

SOCIAL AND NATURAL CAPITAL

Ha Area of NPPs with VVER-type

Rosenergoatom Concern OJSC

* For the detailed business model

Value Creation. Results of 2014

SOCIAL AND NATURAL CAPITAL

The contract extending

Rosenergoatom Concern OJSC

More detailed information

In the night between

The annual task of

Memorandum of Cooperation was signed

For the rst time ever

The strategy of the Concern as an electric power

Dear Sirs and Madams,

Rosenergoatom Concern OJSC

Optimization of the repair campaign, reduction of

One of the challenges of our construction sites

I am sure that the Concern will make every effort

The Concern conrms its reputation as a socially

1st place in the Generating Companies: Market Efciency rating,

The winner of the

Best Technical Supervisor Service of Rosatom State Corporation

The Russian Federation

Diploma for active

Five-time winner of the

Nominee of the Annual

1st place in the

awards won at the