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Full Version: Russia to build the first private PP
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http://www.themoscowtimes.com/stories/20...1/049.html
Quote:The government cleared the way for construction to begin on the country's only privately funded power plant, as Russia seeks to double electricity generation and avoid shortages that could slow the country's economic growth.

"This is a milestone'' for the state effort to reorganize the power sector, Industry and Energy Minister Viktor Khristenko said Tuesday during a ceremony at the site of the plant near the town of Noyabrsk, in the oil-rich region of Tyumen. The project will cost about $150 million, Khristenko said.

Intertekelektro, a private utility investor, is building the 124-megawatt station to power the nearby operations of Gazprom Neft, the oil unit of Gazprom. The plant will burn natural gas pumped by Gazprom Neft.

"We'll monitor the progress of this project very closely," Khristenko said.

Tyumen's electricity demand is the third-fastest growing in Russia, after that of Moscow and St. Petersburg, the country's two biggest cities, the minister said.

The Tyumen plant will be 30 percent company-funded and 70 percent financed by loans arranged by BNP Paribas, said Artyom Bikov, chairman of Intertekelektro, at Tuesday's ceremony.

E.On, the German power utility, is providing technical advice on the project and General Electric is supplying the turbines. Gazprom Neft will supply gas extracted during its oil production, or so-called associated gas, to the plant. The station is scheduled to begin producing electricity late next year and is the first of six Intertekelektro plans to be built in oil- and coal-producing regions in Siberia.
Fascism is growing in Russia. Somebody have to eat his hat.
Economic Fascism

Quote: While the former Communist countries are trying to privatize as many industries as possible as fast as they can, they are still plagued by governmental controls, leaving them with essentially fascist economies: private property and private enterprise are permitted, but are heavily controlled and regulated by government.

Certainly, you are not referring to me, are you Green?
hmmm Gazprom? ... oh yeah, I remember! Isn't that the company that Putin is going to run when he retires from public office? Wink1
After they get it built, it will be taken over by either the Russian government, or by a "friend" of the Russian government.

Just as Russia did with various oil and gas companies.
John L Wrote:Economic Fascism

Quote: While the former Communist countries are trying to privatize as many industries as possible as fast as they can, they are still plagued by governmental controls, leaving them with essentially fascist economies: private property and private enterprise are permitted, but are heavily controlled and regulated by government.
What this author forgets to mention is the fact of highest growth among former communist economies. But who cares if his darling ideology is at stake... :roll:

Quote:Certainly, you are not referring to me, are you Green?
I didn't pronounce names, you make a guess by yourself. 8)