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RusHydro to build seven major power facilities in Far East

Russia’s biggest hydroelectricity company speeds up the implementation of its program for the development of Far East’s energy sector

GORNO-ALTAISK, November 23 (Itar-Tass) — Russia’s RusHydro speeds up the implementation of its program for the development of Far East’s energy sector, within the framework of which seven major power facilities will be built in the region, the press service of Russia’s biggest hydroelectricity company reports.

RAO Energy Systems of East is the operator of the program. According to the press service, President Vladimir Putin’s decree on the further development of RusHydro and the allocation of 50 billion roubles for that aim has become an additional impetus for advancing that program.

This money will be channeled into priority investment projects – a thermal power station in the city of Sovetskaya Gavan in the Khabarovsk region, Sakhalin’s regional power station GRES-2, Yakutsk GRES-2 and a thermal power station in Blagoveshchensk. First start-up facilities of Far East’s new power plants are to be commissioned within the next three to four years.

“In October 2011, the Russian Federation turned over to RusHydro a block of shares of RAO Energy Systems of East, and today’s event is a logical continuation of that decision. This way the state encourages the setting up of promising and economically expedient energy facilities, efficiently controls the spending of funds as per their intended purpose and as a result the value of the company in which it has the controlling block of shares, grows substantially,” RusHydro CEO Yevgeny Dod said.

He stressed that the construction of modern facilities in the Far East “will make it possible to reduce expenses for fuel, remove restrictions on connecting new enterprises and will become a motivation for the development of transport infrastructure and the region on the whole”.

At the present time, the hydroelectricity company actively builds power facilities in the Far East. In particular, this year the construction of the Vostochnaya thermal power plant began in Vladivostok, as well as the construction of the first stage of the Yakutsk GRES-2. Energy unit five of Yuzhno-Sakhalinsk Thermal Power Station One has been launched.

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