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Putin launches new hydropower plant in Karelia

The 4.8 MW Lyaskelya hydropower plant is a pilot project of the Nord Hydro company

CHEREPOVETS, September 5 (Itar-Tass) —— Prime Minister Vladimir Putin launched a new hydropower plant in Karelia on Monday, September 5.

After a presentation of energy projects at an inter-regional conference of the ruling United Russia party in Cherepovets, which was broadcast by the Russia 24 television channel, Nord Hydro Managing Director Alexei Vinogradov asked Putin to launch the power plant in a real-time mode by way of videoconference.

“My pleasure,” Putin replied.

The 4.8 MW Lyaskelya hydropower plant is a pilot project of the Nord Hydro company.

The “Revival of Small-Scale Power Generation” project that was presented to the prime minister calls for building new and upgrading existing hydropower plants in Karelia.

Vnesheconombank and the company Nordenergomanagement are the investors.

The modernisation of the Ryumyakoski hydropower plant is to be completed by 2013. The project is expected to break even within no more than five years.

Investments in the upgrading of the Lyaskelya hydropower plant will amount to 687.4 million roubles and in Ryumyakoski, 144 million roubles.

The project will improve the environmental situation in the region and cerate new permanent jobs.

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