As Russian newspaper The Moscow Times reports, the electricity companies looking for government loans include OGK-5, controlled by Italy's Enel, Viktor Vekselberg's power holding Integrated Energy Systems, Oleg Deripaska-controlled EuroSibEnergo and seven other members of the nonprofit partnership Council of Electricity Producers.
Igor Mironov, director of the partnership, announced the decision in a statement e-mailed by the group's press service.
The sector needs to invest a combined 4 trillion rubles ($154 billion) to expand capacity, an obligation they accepted when buying assets of the former electricity monopoly, Unified Energy System. The government recently created a special commission chaired by Deputy Prime Minister Igor Sechin to oversee their compliance with the investment plans.
Author: Ksenia Kochneva
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Electricity Companies Looking for Government Loans
Electricity companies are to join a number of industries, including carmakers and oil and gas producers, which have already asked for government help