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Russia’s operator of energy grids says hi-tech likely to cut cost of power bridge to Japan

February 28, 13:19 UTC+3
Russian investments are estimated at $2 bln, while Japanese investments will be substantially higher
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© Artur Lebedev/ТАSS

SOCHI, February 28. /TASS/. Russia’s operator of energy grids Rosseti expects the final cost of construction of the energy bridge to Japan to go down thanks to cutting-edge technology solutions, CEO Oleg Budargin told TASS on the sidelines of the Russian Investment Forum in Sochi on Tuesday.

"I’m flying to Tokyo for talks the day after tomorrow. They [Japan] are offering cutting-edge solutions, innovative power transmission technologies. We meet scientists, get connected via superconducting cables and so on. This will also have a role [affect the price - TASS], though it is not clear how, probably, cut the cost," he said.

According to Budargin, Russian investments are estimated at $2 bln, while Japanese investments will be substantially higher.

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