Baltic npp project


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  • Energy Dialogue Russia - EU
  • 17 September 2010, Moscow
  • Maxim Kozlov,
  • Head of Project Team “Baltic NPP”
  • Project Highlights
  • The Baltic NPP (2 x 1150 MW) project is developed in the East of the Kaliningrad region incorporating 2 VVER-1200 units; 120 km from Kaliningrad
  • The construction cost of the NPP is estimated at c.a. €5 bln
  • It is proposed that the project will be owned 51% by Rosenergoatom and 49% by one or more private investors, incl. foreign investors
  • Unit 1 1150 MW construction schedule - 2010-2016
  • Unit 2 1150 MW construction schedule - 2012-2018
  • To deliver power from Baltic NPP, it is necessary to build OHL 330 kV in Kaliningrad region and cross border power grid facilities including HVDC
  • The construction cost of these transmission assets is estimated from €0,5 to 1,6 bln depending on chosen technical variants. It is possible that the cross-border transmission lines could be a separate project with the involvement of foreign investors.
  • Project Status
  • Government resolutions approving the construction of Baltic NPP are issued
  • Site licenses are issued
  • Preparation works on site started 25 February, 2010
  • Power delivery options’ assessment has been prepared
  • Environmental impact assessment has been prepared
  • Feasibility Study for third party investors started
  • Designated legal entity JSC “Baltic NPP” is established
  • “First concrete” of NPP – April 2011

INTER RAO UES commitment

  • INTER RAO UES is acting on the basis of Authorization Letter from Rosatom and is responsible for:
  • Outlining the terms and conditions on which the involvement of foreign investors in Baltic NPP will be possible. This will be developed as part of the Bankable Feasibility Study
  • Development of power delivery model and electricity export options
  • The design of the prototype plant – Leningradskaya NPP-2 (LAES-2) successfully passed all the required state expert reviews;
  • Technical solutions of the Baltic NPP design comply to the Russian technical norms, requirements of EUR, IAEA, YVL and specifications of the Client (Rosenergoatom Concern, JSC) to the “AES-2006” design;
  • The declared parameters of safety and economic efficiency are supported by the availability of references, licencability, and familiar character of the construction technology;
  • All technical solutions have been and are currently being worked out during the engineering, construction and start-up of the first two units of LAES-2;
  • The volume and timeframe of engineering, construction and installation works have been optimized;
  • The potential suppliers of major equipment have been identified.
  • The Baltic NPP is a commercial project of “AES-2006” nuclear power plant on the basis of LAES-2 Project
  • LAES-2 – a prototype of the Baltic NPP
  • Aircraft
  • Protection from the fall of an aircraft
  • Snow and ice load
  • Extreme snow and ice protection
  • External explosion
  • NPP components responsible for the safety are developed with ensuring the security of percussion coursed by the external explosion.
  • Seismic loads
  • NPP is developed with stability to earthquake
  • Wind loads
  • Whirlwind and tornado protection
  • Baltic NPP safety
  • Containment – protection from external events

View of the Baltic NPP from the side of oil & diesel storage

Current view of the construction site

Scheme of the Main Grid of Power Ring BRELL (Belorussia–Russia–Estonia–Latvia–Lithuania)

Kaliningrad Region Power System

  • Baltic NPP location

The prospective balance of Kaliningrad power system

  • Specification
  • 1st Unit put in operation in 2017
  • 2nd Unit put in operation in 2019
  • Winter max
  • Winter
  • min
  • Summer max
  • Summer min
  • Winter max
  • Winter
  • min
  • Summer max
  • Summer min
  • Available power of power plants in the Kaliningrad power system, MW
  • 2110
  • 3270
  • Including Baltic NPP
  • 1150
  • 2300
  • Kaliningrad power system Load, MW
  • 990
  • 680
  • 660
  • 460
  • 1210
  • 860
  • 840
  • 610
  • Kaliningrad power system surplus, MW
  • - to a synchronized power ring BRELL
  • - to ENTSO-E (B2B/DС lines)
  • 1120
  • 1120
  • (320)
  • (800)
  • 1430
  • 1430
  • (630)
  • (800)
  • 1450
  • 1450
  • (650)
  • (800)
  • 1650
  • 1650
  • (850)
  • (800)
  • 2060
  • 1260
  • 800
  • 2410
  • 1610
  • 800
  • 2430
  • 1630
  • 800
  • 2660
  • 1860
  • 800
  • Maximum available flow in the connection Kaliningrad – Lithuania (w/o considering Emergency Control System), MW
  • Normal scheme:
  • winter period
  • summer period
  • 1220
  • 1030
  • 2750
  •  2260

Power Balance in the Region

  • Deficit in the region varies from 10 to 14 TWh/year and corresponds to c.a. 2000 MW power capacity
  • Country
  • Surplus (+) or deficit (-), TWh/year
  • 2015
  • 2025
  • Poland
  • -2
  • 0
  • Germany & Netherlands
  • -7
  • -17
  • Lithuania
  • -9
  • +11*
  • Latvia
  • +1
  • -4
  • Estonia
  • +7
  • -1
  • Baltic NPP could be a solution to the problem
  • Source: Market based analysis of interconnections between Nordic, Baltic and Poland areas in 2025
  • Scenarios: BAU-2015, BAU-2025
  • * On the basis that the new plant planned at Visaginas proceeds and is put in operation
  • The main mission of Baltic NPP – to secure energy supply of Kaliningrad region

Scheme of the main grid of Kaliningrad region power system in 2018

  • Мамоново

Nord Stream gas pipeline

  • HVDC Cable line
  • Nord Stream gas pipeline
  • 1. Lithuania – Sweden
  • HVDC cable line 1000 MW
  • 2. Estonia – Finland
  • HVDC cable line 650 MW
  • 3 Alitus (Lithuania) - Elk (Poland) , DC OHL 1000 MW
  • 4. Ross (Belorussia) – Narev (Poland), DC OHL 600 MW

Neighboring Nuclear Projects

  • In addition to the above, Poland is also engaged in a nuclear program development based on a 4-stage plan: legislation by 2010; site, technology and construction arrangements in 2011-2013; technical plans and site works in 2014-15; and construction in 2016-20.
  • Our forecast shows that in the long run several NPPs may well co-exist in the region
  • Baltic NPP
  • Start of works: 2010
  • Installed capacity: 2x1150 MW
  • Construction period: 2010-2018
  • Commissioning: 2016 (1st unit) -2018 (2nd unit).
  • NPP Visaginas
  • Negotiation process.
  • Installed capacity: 3000 - 3200 MW
  • Commissioning: not earlier than 2018
  • Lithuania
  • NPP in Grodno region
  • Installed capacity: 2x1150 MW
  • Start of works depends on the financing issues with Russia
  • Commissioning: not earlier than 2018
  • Belarus
  • Kaliningrad

Nuclear Power is a Sound Solution

    • Guarantee for energy supply
    • Climate impact control – Kyoto Protocol
    • Economic competitiveness in the long-term run taking into consideration the growing share of electricity free market
    • Nuclear power program contributes to the development of the national high technology sector (engineering, manufacturing, and operation).
    • Smart grids development – the planned demand for the base load nuclear electricity is growing
  • Huge CAPEX exposed to licensing, designing, procurement and construction risks (although predictable stable OPEX)
  • Growth of NPP construction – need of increasing manufacturing capacities
  • Development of localization and technologies’ transfer
  • Financing of NPP construction shifts from state to private sector
  • Necessity to develop new financing mechanisms to attract private investors
  • Challenges and Tasks
    • Competitive Advantages

Rosenergoatom – majority shareholder in Baltic NPP

  • World’s #1 for reactors under construction
  • World’s #2 for number of reactors in operation
  • World’s #2 for installed nuclear capacity
  • World’s first NPP built in Russia in 1954
  • Ambitious world-wide expansion plans
  • Safety standards exceed IAEA norms
  • Nuclear technology development acknowledged as one of six top national hi-tech priorities in Russia
  • www.rosenergoatom.ru

Potential Baltic NPP Financing Sources

  • Project finance
  • EQUITY
  • Utilities
  • Government
  • Financial investors
  • DEBT
  • Multi-laterals
  • Bonds
  • Corporate debt
  • ECAs
  • No NPP has ever been financed on a non-recourse PF basis
  • Financing based on future cash flows
  • Transfers risk from sponsors to the project

Models of NPP Projects Implementation

  • A new-build project is developed and financed on State budget
  • Less compatible with free market structure
  • France, Sweden, Russia, China, India
  • Traditional State Budget Model
  • Corporate Model (Balance sheet financing)
  • Corporate funds investment project
  • Economic return through long term power off take (optional)
  • Government potentially «backstops» end-of-cycle liabilities and waste disposal
  • Finland, France, USA
  • Hybrid Model
  • The project is started with own equity (sponsor’s capital and bank loans), then at the construction stage the financing of investment is restructured to project financing model
  • Trend toward limited recourse financing structure
  • USA, Canada, Finland
  • Pure Commercial Model
  • Trend toward limited recourse financing structure
  • Private sector financed, built and operated
  • Key risks to be addressed
  • Balance State – Private Finance Guarantees
  • Balance State – Private Risks Sharing
  • State
  • Private
  • Private
  • Source – ASE 2010
  • Baltic NPP
  • ?
  • commissioning
  • unit 1
  • commissioning
  • unit 2
  • Action Plan
  • 2009
  • 2010
  • 2012
  • 2016
  • 2018
  • Involvement of investors
  • Design and Construction of power lines and substations
  • Feasibility Study
  • 2011
  • 2013
  • 2014
  • 2015
  • 2017
  • Feasibility Study on power transmission options
  • NPP construction
  • Signing of
  • PPA’s
  • Presentation of the concept to strategic investors

Baltic NPP – attractive investment

  • Strong political support for the Baltic NPP project from the Russian government
  • Need to assure reliable energy supply to the Kaliningrad region
  • Expected deficit of generation in the region => strong export potential
  • Harmonization with EC’s Baltic energy market integration plan (BEMIP)
  • Proven, safe and reliable reactor technology
  • Improvement of transmission infrastructure in the region
  • Established legal framework for NPP construction and operation in Russia
  • Attractive geographical position
  • Diversified investments: NPP, transmission grid
  • Opportunities for further cooperation in similar projects in the future


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