Rolls-Royce signs collaboration agreement with MVM OVIT

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Rolls-Royce signs collaboration agreement with MVM OVIT

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Tuesday 16 January 2018 10:42 AM

Rolls-Royce signs collaboration agreement with MVM OVIT

Rolls-Royce has signed a Memorandum of Understanding with Hungarian state-owned MVM OVIT National Power Line Company Ltd, part of the MVM Group, to explore how they can work together on the provision and maintenance of Instrumentation and control (I&C) systems for the second reactor planned to be built at the Paks nuclear Power Plant in Hungary.

Neil Parison, Director, strategic accounts – Nuclear, Rolls-Royce said: “We are pleased to work with MVM OVIT and explore the potential areas where we can work together to deliver world-leading I&C systems for the Paks nuclear power plant. Ensuring plant safety and availability throughout the lifetime of a nuclear power plant is vital to maximise operational efficiency.

“We bring deep experience in VVER technology. We are currently modernising a range of safety-class I&C systems on the VVER-designed Loviisa nuclear reactors in Finland. It is important for us to work with local Hungarian partners on the systems design and delivery phases and any associated services in the area of nuclear I&C.”

Dr Norbert Lajos Korom, CEO of MVM OVIT, said: “MVM OVIT is specialised in site engineering, site works, as well as maintenance of electrical and I&C Systems. We are glad to cooperate with a global leading I&C systems provider as we also intend to participate in the Paks-2 project. We really think that working with Rolls-Royce, which has already a well-established cooperation with Rosatom, is a great opportunity for us.”

Paks currently comprises four Russian-supplied VVER-440 pressurized water reactors, which became operational between 1982 and 1987. These units account for about half of Hungary's electricity production. An inter-governmental agreement signed in early 2014 would see Russian enterprises and their international sub-contractors supply two new units at Paks - VVER-1200 reactors.

About Rolls-Royce Holdings plc

Rolls-Royce’s vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.
Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
We have three common themes across all our businesses:

Investing in and developing engineering excellence
Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.

Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £80 billion at the end of 2016.
In 2016, Rolls-Royce invested £1.3 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
Rolls-Royce employs 50,000 people in more than 46 countries. More than 16,000 of these are engineers.
The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2015 we employed 228 graduates and 277 apprentices through our worldwide training programmes.
Rolls-Royce has been selected as preferred supplier for I&C systems at the VVER-designed Hanhikivi-1 new build project in Finland and has recently signed a contract for I&C licensing support.

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