MOSCOW, Jan 18 (PRIME) -- Russian power producer Fortum has suggested the government replace inefficient thermal power generation with solar and wind power plants, business daily Kommersant reported on Monday, citing a letter by CEO Alexander Chuvayev.
"The executive suggests redistribution of the energy market payment for inefficient generation in favor of the renewable energy sources," the newspaper said. Chuvayev wants to redistribute the 50 billion rubles per year paid for excessive thermal power capacities for construction of renewable energy facilities.
The official said that support of green generation would save Russian exporters U.S. $3.0–4.8 billion per year of a new hydrocarbon tax in the E.U. as calculated by BCG.
(73.5453 rubles – U.S. $1)
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