Steam rises from the chimneys of a thermal power plant behind the Ivan the Great Bell Tower in Moscow, Russia January 9, 2018. REUTERS/Maxim Shemetov
January 24, 2019
MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Thursday that the government has approved the start of a modernization plan for domestic power plants worth about 1.9 trillion rubles ($28.84 billion).
Russia’s power sector is one of the most competitive in the country, including state players, private investors and foreign companies such as Italy’s Enel <ENEI.MI> <ENRU.MM>.
($1 = 65.8875 rubles)
(Reporting by Anastasia Lyrchikova; writing by Katya Golubkova; editing by Jason Neely)