UPDATE: CEO sees SUEK investment plan at 150–200 bln rbl through 2021

(Adds details in last paragraph)

MOSCOW, Oct 11 (PRIME) -- The investment program of Russia’s Siberian Coal Energy Company (SUEK) will amount to 150–200 billion rubles through 2021, CEO Vladimir Rashevsky told reporters at a news conference on Thursday.

“The investment program is constantly updated, and (estimating) very roughly 150–200 billion rubles is the amount of investment that we plan to make in the coming three years,” he said.

About 70 billion rubles out of the sum can be invested in coal, electric power and transport infrastructure projects in the Kuznetsk Basin, he added.

The CEO said that SUEK does not rule out purchases of foreign assets. “We always keep in mind rational business in our industry, we analyze it. We, first of all, invest in Russia but we look at the opportunities that appear in other states in businesses on which we focus.”

(66.1832 rubles – U.S. $1)

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