T Plus, VEB.RF mull 100 bln rbl program for heat networks - Power Industry - 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

T Plus, VEB.RF mull 100 bln rbl program for heat networks

MOSCOW, Sep 2 (PRIME) -- Russian power utility T Plus and Gorod, a subsidiary of state development bank VEB.RF, will support a 100 billion ruble improvement of heating distribution networks in 29 cities, T Plus said in a statement on Monday.

T Plus and JSC Gorod agreed on the main conditions of cooperation in the plan for integrated development of heat distribution networks in 29 cities. Kirov will become a pilot city for the program with an expected amount of raised investment standing at 3 billion rubles.

УAccording to the document, combined investment in heat distribution networks may reach 100 billion rubles,Ф the company said, adding that T Plus and Gorod are now to analyze condition of the networks in the cities, to define major directions for investment, and to choose modern technical and engineering solutions.

УWe are working on different options of attracting investment in the heat distribution infrastructure of our cities. The agreement that we signed is one of the new and efficient instruments. It should result in an increase of pipe re-laying, in improvement of reliability of heat distribution, and in improvement of the standard of living of citizens,Ф T Plus CEO Andrei Vagner said as quoted by the company.

(66.4897 rubles Ц U.S. $1)


02.09.2019 13:54
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.4759 +0.0548 12 nov
USD 63.9121 +0.1826 12 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1460.84 -0.50 18:50 11 nov
micex 2961.46 -0.39 18:50 11 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 260.40 -2.11 18:49 11 nov
lkoh 6048.00 +0.13 18:48 11 nov
rosn 453.00 -0.28 18:49 11 nov
sber 241.50 +0.55 18:49 11 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.5000 +0.1500 14:59 11 nov
USDTD 63.7975 +0.1500 17:44 08 nov