INVESTMENT CLIMATE

Regional investment climate: Investment in fuel and energy

Over the past month, official websites of several Russian regions have published reports on launching important power generation facilities.

President of Russia Vladimir Putin has recently taken part in the launching ceremony for the Balaklavskaya and Tavricheskaya thermal power plants in Sevastopol, and kick-started the Port substation in Taman via videoconference. The facilities will generate a total of 940 MW. Two new power plants in Simferopol and Sevastopol have been built as part of the federal targeted program for the socio-economic development of the Republic of Crimea and the city of Sevastopol to 2022. Their cost amounted to more than RUR 70 bln ($1.1 bln). The first generating units of these power plants went on stream on October 1, 2018.

The Pregorskaya thermal power plant has begun operation in the Kaliningrad Region, the most powerful power plant of the new generation. The facility is comprised of four steam-gas units with a capacity of 113.8 MW each, built as part of a project to ensure the energy security of the Kaliningrad Region implemented on behalf of the President of the Russian Federation and in accordance with the Government instructions. According to the project, by 2021, four power plants with a total installed capacity of 1 GW will be built in the region. Two of them – Mayakovskaya TPP in Gusev and Talakhovskaya TPP in Sovetsk – opened in March 2018. The core generation equipment is 100% Russian-made.

The third hydro-unit of the Ust-Srednekanskaya power plant has been launched in the Magadan Region. The region has recorded an unprecedented growth in demand for electricity: in 2018, power consumption in the Magadan energy system increased by 13% compared with 2017. The electricity generated at hydroelectric power plants will power new industrial facilities in the Magadan Region. The unique hydropower facility is being built in extremely difficult natural conditions, with the permafrost thickness reaching 300 meters, and the air temperature in winter dropping to minus 60 C. All the main equipment of the Ust-Srednekanskaya HPP – turbines, generators and power transformers – has been manufactured at Russian enterprises.

Russia’s largest integrated solar energy company Hevel Group has launched a new 60 MW power plant in the Astrakhan Region. With its total estimated annual electricity generation of of 110 GWh, the Akhtubinskaya SES will help avoid 58,000 tons of carbon dioxide emissions and save 33 mio cubic meters of natural gas. Earlier, Hevel Group has built and put into operation a 15 MW solar power plant, Niva, in the Privolzhsky District of the region, as well as the 60 MW Funtovskaya SES. The overall installed capacity of solar power plants managed by Hevel in the Astrakhan Region has reached 135 MW.

 

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