Official: Russia to prolong green energy plan till 2035 - Interviews & Opinions - 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

Official: Russia to prolong green energy plan till 2035

Vetryak01MOSCOW, Jun 4 (PRIME) -- The Russian Energy Ministry plans to prolong the support of green energy until 2035 and will adjust it to cut costs, Deputy Minister Yury Manevich told PRIME in an interview released Tuesday.

УThere is a support program until 2025 and we presume that we will support its prolongation until 2035. At the same time, we will absolutely adjust the features of this support: a new program must become less costly and must include product export goals,Ф Manevich said.

Higher than usual consumer prices ensure margins and return of investment in construction of electric power plants chosen at a tender now.

The official did not disclose the amount of planned investment in the program. The earlier discussed amount of green power plant capacity launch was up to 1 gigawatt per year but it is too early to assess properly, he said.

He also said that the Energy Ministry is considering launching industrial energy storage systems but might include them into green or small generation programmes.

According to the official, Russia is forced to import some of the equipment required for power production and one of the Energy MinistryТs goals is to ensure operations of the energy system.

УWe must keep in mind the sequence of actions: until we have this equipment to keep the system working properly, we must continue exports. We oversee this together with the Industry and Trade Ministry to ensure a painless, gradual and balanced launch of Russia-made equipment,Ф he said.


04.06.2019 11:45
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.5207 -0.1790 23 nov
USD 63.7101 -0.1329 23 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1454.77 0.00 18:14 22 nov
micex 2946.23 +0.12 18:14 22 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 252.01 -0.92 17:49 22 nov
lkoh 6120.00 +0.53 17:49 22 nov
rosn 451.35 -0.33 17:49 22 nov
sber 237.82 +0.28 17:49 22 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.4400 -0.2150 14:59 22 nov
USDTD 63.6775 -0.0275 17:44 22 nov