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Friday, July 1, 2022

Russia approves $29 billion power plant upgrade program

Russia approves  billion power plant upgrade program© Reuters. Steam rises from the chimneys of a thermal power plant behind the Ivan the Great Bell Tower in Moscow

MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Thursday that the government has approved the start of a modernization plan for domestic power plants worth about 1.9 trillion rubles ($28.84 billion).

Russia’s power sector is one of the most competitive in the country, including state players, private investors and foreign companies such as Italy’s Enel (MI:) (MM:).

($1 = 65.8875 rubles)

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Source: Investing.com

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