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RF investment into energy grows by 180% over 5 years

November 27, 2013, 23:30 UTC+3 MOSCOW
1 pages in this article
© ITAR-TASS

MOSCOW, November 27, (ITAR-TASS_. Investment into energy reached 4.2 trillion roubles over the past five years increasing 180% on the previous five years, Alexander Novak, the Russian Minister of Energy, said on Wednesday, presenting in the Federation Council upper house of parliament the report on the state of and prospects for the development of the electric power industry in the Russian Federation.

He said 60 percent of investment goes for developing power generation, and the remaining part for the development of power grids.

“One of the most important results of the reform of Russia’s electric power industry was investment into the sector of power generation and that of power grids,” Novak said.

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