First new power plant in 30 years in Russia’s Far East

First new power plant in 30 years in Russia’s Far East

First new power plant in 30 years in Russia’s Far East

A London based bank has announced a RUB 4 billion (£80.9 million) loan to build the first new power plant in Russia’s Far East border in the last 30 years.

The Vice President of the European Bank for Reconstruction and Development (EBRD) said the 12-year loan will help Joint Stock Company ‘Energy System of East’ (ESV) achieve an “important regional priority” by switching its energy source from coal to gas.

Read the full article here http://www.energylivenews.com/2012/12/07/first-new-power-plant-in-30-years-in-russia%E2%80%99s-far-east/

Source: Energy News Live

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