Social and Economic Capital ²⁶

In terms of sustainable development, the Company’s social and economic influence on development of regions of its operation is of great importance.

The activity on NPP construction has a positive effect on the territories of NIAEP operation as follows.

Social effect:

• New job formation;
• Improvement of life quality of the population;
• Attraction of young people to youth construction brigades for NPP construction;

Infrastructure effect:

• Creation of new and replacement of retired generating facilities.

Budget effect:

• Estimated tax revenue to all levels of budget system during construction of a double-unit NPP amounts to nearly 9 billion rubles;
• Estimated tax revenue to local and regional budgets during operation of a double-unit NPP amount to nearly 2 billion rubles yearly. Distribution of NIAEP tax payments between budgets of various levels in 2010–2012 is shown in Table 7.53 below;

General economic effect:

• NPP construction has a favorable influence on economic situation in the region, where construction is held and adjoining territories, as well as regions, where manufacturers of equipment and materials for NPP are locate.

In 2012 HR and social activity of NIAEP was highly appraised: NIAEP is acknowledged as the winner of the regional stage of the Russian National Competition Russian Company of High Social Efficiency in the categories Development of Working Places and Formation of Healthy Lifestyle. Currently, the Company participates in the federal stage of the competition.

Table 7.53. Distribution of Tax Payments Between Budgets of Various Levels, Million Rubles

²⁶ Chapter 7.5 Social and Economic Capitall provides basic data on impact types upon regions of operation for NIAEP-ASE Integrated Company in general. Chapters 7.5.1–7.5.4 disclose information about JSC NIAEP.