PRESS: Rostec wants to build waste power plants in 20 regions

MOSCOW, Jun 8 (PRIME) -- CEO of Russian industrial holding Rostec Sergei Chemezov asked President Vladimir Putin to support extension of a network of electric power plants running on garbage for 20 more regions, business daily Kommersant reported on Tuesday, citing Chemezov’s letter to the president.

Kremlin sources told Kommersant that Putin wrote "We have to move forward on the issue," which does not mean approval, but the need to work on the matter.

Chemezov estimated the cost of the initiative and modernization in 15 years at 1.4 trillion rubles, including 1.2 trillion rubles from the sources other than the state. A detailed financing plan was not disclosed but there was a remark that state financing would not exceed 20%.

Russia will process 47% of garbage, or 35 million tonnes by 2027, including 50% that will be recycled and the rest burned to produce 1.5 gigawatts (GW) of power.

A Rostec source said that the project will create 39,000 jobs and produce 970 billion rubles of taxes.

RT-Invest company, a quarter of which belongs to Rostec, has been building five 252 billion ruble waste-fired plants with capacity of 335 MWt, or 3.35 million tonnes a year. The plants are to be launched in 2023. Financing will include 22.2 billion rubles of budget funds. Both the regulators and the consumers are against their extension.

(72.9294 – U.S. $1)

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