Far East | Energy, utilities

RAO ES of East rolls back investment plans

10 Apr '09
Energy company RAO ES of East today conceded it was cutting its investment program and postponing several projects until 2010-2011.

The piggy bank for the firm's investment program now stands at $3.2bn.

Projects to be hit include a $685.9m move to build the planned Ussuriyskaya thermal power plant.

Of the project, spokesman Dmitry Silyutin said his firm had planned to spend up to 238.6m on construction in 2009, but this was now put off until at least 2010.

$56.8m plans to build power grid facilities on Russky Island and in Vladivostok were also shelved for the time being, Mr Silyutin added.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Tags: financial crisis (43) / power grid facilities (0) / Ussuriyskaya thermal power (0) / RAO ES of East (0) / Dmitry Silyutin (0) /

Latest News: Far East
1 Dec '21 | Technology & innovation
27 Oct '21 | Technology & innovation
20 Oct '21 | Technology & innovation
3 Sep '21 | Finance, business | Transport, logistics
 

Feature stories

27 Dec '21
An innovative hybrid plate for cranial defects...
24 Nov '21
Cerebral vascular disorders are responsible for a...
8 Oct '21
Chemists at the St. Petersburg State University...
Search (News archive - 22902)
Technology Scouting Solutions For Industry
NATT
Advertising
Marchmont News

Latest News

18 Jan '22
A scientific team in the West Urals has come up with...
14 Jan '22
A new device, developed by a Russian start-up and...
13 Jan '22
In Rostov-on-Don, scientists have developed novel...

Most read stories from last week

18 Jan '22
A scientific team in the West Urals has come up with...