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Putin, Niinisto unveil Nyagan power plant in Western Siberia

September 24, 2013, 21:05 UTC+3
The plant with the designed capacity of 1.254 MW will become one of the world’s biggest thermal power plants operating 62 degrees north latitude
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Photo ITAR-TASS / Alexei Druzhinin

Photo ITAR-TASS / Alexei Druzhinin

NYAGAN, September 24 (Itar-Tass) - Russian and Finnish presidents Vladimir Putin and Sauli Niinisto have inaugurated the Nyagan power plant in the Khanty-Mansi Autonomous District, Western Siberia.

It was built by the Russian subsidiary of Finnish energy company Fortum within the framework of the investment programme in the Urals and Western Siberia.

The plant with the designed capacity of 1.254 MW will become one of the world’s biggest thermal power plants operating 62 degrees north latitude.

Fortum has already invested 2.5 billion euro into Russia’s energy. After the investment programme ends in 2014, the Finnish concern’s financial injections into the Russian economy will total 4 billion euro. In 2012 Fortum’s net revenue from business in Russia made up 79 million euro, but it set the end goal of getting no less than 500 million euro a year.

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