In 2012 total electricity generated in nuclear power plants in Russia was 177.3 TWh, 17.78% of all power generation. The installed gross capacity of Russian nuclear reactors stood at 25,242 MW.
The Russian energy strategy of 2003 set a policy priority for reduction in natural gas based power supply, aiming to achieve this through a doubling of nuclear power generation by 2020. In 2006, the Federal Atomic Energy Agency (Rosatom) announced targets for future nuclear power generation; providing 23% of electricity needs by 2020 and 25% by 2030. In 2013 the Russian state allocated 80.6 billion rubles ($2.4 billion) toward the growth of its nuclear industry, especially export projects where Russian companies build, own and operate the power station, such as the Akkuyu Nuclear Power Plant.
Russia has made plans to increase the number of reactors in operation from 31 to 59. Old reactors will be maintained and upgraded, including RBMK units similar to the reactors at Chernobyl. China and Russia agreed on further cooperation in the construction of nuclear power stations in October 2005.
In accord with legislation passed in 2001, all Russian civil reactors are operated by Energoatom. More recently in 2007 Russian Parliament adopted the law "On the peculiarities of the management and disposition of the property and shares of organizations using nuclear energy and on relevant changes to some legislative acts of the Russian Federation", which created Atomenergoprom - a holding company for all Russian civil nuclear industry, including Energoatom, nuclear fuel producer and supplier TVEL, uranium trader Tekhsnabexport (Tenex) and nuclear facilities constructor Atomstroyexport.