Development Of Small Hydropower In Roses

Currently, there are 11 small hydropower stations operating in the territory of Carelia. The construction of two more will begin soon. The prospects for the development of the country ' s energy sector were discussed by the Head of Carelia Alexander Hudileinen and the Chairman of the Board of Directors of the Nord Hydro, Mikhail Zavorovsky.

The meeting of the Head of Carylia and the President of the Board of Directors of the Nord Gidro was held in anticipation of the next Board of Directors of the New Bank for the Development of BRICS. On 20 July, in Shanghai, the Bank ' s Board of Directors will consider investment projects, including a project for the construction of small hydropower plants by the Nord Gidro stock company, the Beloporozka GEC-1 and the Beloporozian GEC-2 in the territory of the Republic of Carelia. The project was the first investment project submitted by Russia to the New Development Bank (BRIS). The high-profile project application was approved by the bank and attracted the attention of several strategic partners interested in co-financing.

The project ' s financial partners will be the Eurasian Development Bank and the International Investment Bank, and the co-investors will be the largest Chinese partner, Gachjouba, and the Russian Direct Investment Fund.

♪ The meeting with the Vice-President of the Chinese company will take place in the coming days, and was briefed by the President of the Board of Directors of Nord Gidro Mihail Zavorovski. - This project is relevant and interesting to them. We plan that we will begin to prepare a site in the near future so that the spring is fully operational.

Mikhail Zavorovsky also noted that despite the existence of a Chinese investor, construction was planned for Russian contractors. Negotiations with cartel construction companies are in the final stage. In addition, the project will create new jobs, with 450 people on the construction site.

The Head of Carelia reiterated the need to attract local resources and noted the importance for the republic of the implementation of these projects. We will recall that the total amount of investment in projects Carelia hydropower will be about 10 billion.

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