Energy Field Calls Up Enough Capital

No additional means to attract investment to the Russian power generation industry are required, the head of RAO UES Anatoly Chubais said during today's Internet conference. He pointed out that the sector had already received nearly RUB 1 trillion (approx. USD 42.3bn) worth of direct private investment as of today. Chubais stressed that, while certain amendments and changes had yet to be made in Russia's grid and backbone system, the investment process had already been launched.

As reported earlier, the investment program of RAO UES for 2008-2012 provides for the introduction of new facilities with a total capacity of more than 40 gigawatts and for attracting RUB 4.3 trillion (approx. USD 182bn) worth of investment.