MOSCOW, Feb 28 (PRIME) -- Hydropower company RusHydro plans to shut down 1.6 gigawatts (GW) of capacity in Russia’s Far East, replacing it with 1.3 GW of capacity under a 1.9 trillion ruble all-Russian program of thermal power plant upgrade, the company said in a statement late on Wednesday.
“In order to successfully fulfill projects of replacement of the thermal power plants that are shut down, the rate of return on invested capital must at least be set at 14%, with the payment of the cost of the projects by all consumers on the wholesale market (of electric
The projects chosen for the program, that is to run until 2031, are guaranteed an at least 14% margins adjusted for OFZ state bond yield. The Far Eastern projects for the program will be chosen by the government.
(65.7570 rubles – U.S. $1)
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