Rosatom State Nuclear Energy Corporation and the Ministry of Energy and Mines of Laos signed a memorandum on cooperation

Press release

Published April 17th, 2016 - 04:46 GMT

During the event

On April 14, In Moscow First Deputy General Director of the State Corporation Rosatom Kirill Komarov and Deputy Minister of Energy of Laos Sinava Souphanouvong signed a Memorandum of Understanding for cooperation in peaceful use of nuclear energy.

The document was signed in the presence of General Director of the State Corporation Rosatom Sergey Kiriyenko and Deputy Prime Minister of the Lao People's Democratic Republic of S. Lengsavad during his visit to Russia.

Within the framework of the Memorandum the parties plan to cooperate in the field of design, construction and operation of nuclear power and research reactors; basic and applied research; nuclear and radiation safety; research and development in the field of nuclear medicine technology; education and personnel training.

The document provides the establishment of a joint working group to identify specific projects aimed at the development of cooperation. In addition, the parties plan to develop and prepare for the signing of an Intergovernmental agreement for cooperation in peaceful use of nuclear energy.

Background Information

ROSATOM

The State Atomic Energy Corporation ROSATOM is one of the global technological leaders. The company has assets and competencies to work at all stages of the nuclear production chain from uranium mining to decommissioning of nuclear facilities and spent nuclear fuel management.ROSATOM brings together about 400 enterprises and organizations, including the world's only nuclear icebreaker fleet. It is the largest electricity generating company in Russia, accounting for 18.7% of the country’s total generation of electricity. ROSATOM is the third in the world in nuclear power generation.The corporation is the global leader in simultaneous implementation of NPP power units and has the largest portfolio of foreign construction projects (36 NPP units in 12 countries). ROSATOM manufactures equipment and produces isotopes for nuclear medicine, carries out research and material studies. It also assembles supercomputers and designs software as well as different nuclear and non-nuclear innovative products. The company has business ventures covering various clean energy projects, including wind energy. ROSATOM has second largest uranium reserves and 17% of the global nuclear fuel market.