Inter RAO criticizes projects on waste burning plants, green energy - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Inter RAO criticizes projects on waste burning plants, green energy

MOSCOW, Feb 13 (PRIME) -- Boris Kovalchuk, CEO of Russian power holding Inter RAO, criticized a planned increase of burden on power consumers because of renewable energy and waste burning plants construction projects at a Tuesday meeting of the economic policy committee of the parliamentТs upper house Federation Council.

According to the data of market regulator Sovet Rynka (Market Council), the burden on consumers of the wholesale power market from payments to power plants running on renewable energy will exceed 2 trillion rubles in 2017Ц2035, and payments for construction of waste burning plants will stand at about 262 billion rubles in 2022Ц2035.

УWe have projects connected to wastes. These projects are large and expensive, but they have no relation to the power sector. These projects are about waste utilization, these projects are in the sphere of public housing and utility services, but they use th emoney of power producers, money of our consumers,Ф Kovalchuk said.

УRenewable power sources are beautiful for Europe, maybe. They are good for the countries with no hydrocarbon reserves or that have small territories and have many ecological problems. But we have to understand that it is very dangerous for Russia to move into the territory of renewable power sources when we have mineral reserves that we can burn.Ф

Each kilowatt produced by a new power plant even in the УexpensiveФ period of return of investment is six times cheaper that one kilowatt-hour produced by a green power plant.

УLetТs not forget that we pay taxes on top of our cheap sources, the mineral sector pays taxes, the gas and coal companies pay. In regards to renewable power sources, they pay taxes only on equipment that produces power. So we have to look at the balance of power generation and at our sector very prudently,Ф he said.

(58.0171 rubles Ц U.S. $1)

End

13.02.2018 19:35
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 76.0926 +0.2850 13 nov
USD 67.5238 +0.6741 13 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1114.75 -0.59 18:50 12 nov
micex 2393.81 -0.40 18:50 12 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 150.89 -1.50 18:49 12 nov
lkoh 5129.00 +0.68 18:49 12 nov
rosn 463.50 -1.09 18:49 12 nov
sber 196.82 +0.55 18:49 12 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 76.2550 -0.1300 14:59 12 nov
USDTD 67.4300 +1.0275 17:44 09 nov