RAOS Project Oy is the Supplier of Fennovoima’ Hanhikivi 1 NPP being supported by all Rosatom’ experience and knowledge

03.11.2016

Hanhikivi 1 NPP is very important for Rosatom as it is a flagship project in Western Europe for VVER 1200 reactor technology. By the time of construction start, planned for 2018 after Owner Fennovoima gets Construction License, there will be two VVER 1200 power units in operation in Russia and one abroad. Already today first and most modern Generation III+ VVER 1200 unit (Novovoronezh NPP in Southern Russia) is connected to the national grid and working in its' full capacity.

As also a minority shareholder of the project, we are focused on making this project as economically effective as possible and thus to develop it on agreed schedule and on budget. We are constantly reinforcing the team that is working on licensing documentation, on design development and engineering. Since summer of 2016, we are utilizing experience and know-how of Atomstroyexport (ASE Group), an engineering division of Rosatom, as consultants and experts for the development of Hanhikivi 1 project.

For media contacts:

Roman Dyukarev, Director, Corporate Communications, REIN

rvdyukarev@rostaom.ru, +7 910 019 4270

Outi Pelkonen, PR manager, RAOS Project Oy

outi.pelkonen@rosatom.fi, + 358 40 8228793

Notes for the editors:

About REIN.

JSC Rusatom Energy International (previous name JSC Rusatom Overseas) is part of State Atomic Energy Corporation Rosatom. Company specializes in management of foreign projects on construction and operation of nuclear power plants under conditions of being a shareholder of project companies. Company is also developing and marketing Small Modular Reactors (SMR) of Russian design. Today, the company manages development of two full scale construction projects: four unit' Akkuyu NPP in Turkey and one-unit Hanhikivi-1 NPP in Finland.

The single-unit NPP Hanhikivi-1 construction project is implemented by RAOS Project Oy, the general Supplier of NPP Hanhikivi-1 since 2015. RAOS Project is 100% JSC REIN affiliate. RAOS Project was established in Finland in February 2015. Since autumn 2015 when company employed 29 managers and support staff, it has grown to 167 people today. Company operates out of 4 offices – St. Petersburg (on staff – 107), Helsinki (25), Pyhäjoki on-site office (10) and Moscow (25). 70% of on-staff employees are experienced engineers and power stations' construction professionals. 157 people have university degrees. The plan is that RAOS Project will employ 350 people in peek construction time.

Another REIN affiliate – RAOS Voima owns 34 % shares of Fennovoima, according to Shareholders Agreement signed with VoimaosakeyhtiГ¶ SF in 2014. Fennovoima is the Owner and NPP operator in the future.

About Rosatom.

The State Atomic Energy Corporation ROSATOM incorporates more than 350 enterprises and scientific institutions, including all civil nuclear companies of Russia, research organizations and the world's only nuclear-propelled icebreaker fleet. ROSATOM is the largest utility in Russia which produces more than 33% of electricity in the country's European part and holds 2-nd place in the world in nuclear electricity generation (28,3 GWe).

ROSATOM holds leading positions in the world market of nuclear technologies. ROSATOM ranks first in the world in terms of NPP construction abroad. ROSATOM provides 36% of the world uranium enrichment, being the world leader in this area, holds 13% of the world's natural uranium market, and 17% of the world nuclear fuel market (market share of fabrication). ROSATOM's export contracts portfolio for the 10-years term exceed US$110 billion. There are 44 power units at various implementation stages: 8 in Russia and 36 abroad including Hungary, Finland, Turkey, India, China, Bangladesh, Jordan, Egypt and others.