MRSK Urala: Next Year’s Investments to Be the Same as This Year

The Russian power suppliers keep commenting on the Russian Government’s decision to halt the growth of heating and electricity rates.

The decision not to let the rates grow will affect the implementation of our investment program. We cannot produce any precise figures before the decisions as to the rates have been finalized. One could suppose that the scale of next year’s investment will be approximately the same as this year’s figures, rather than the increased ones initially planned by the company. We will have to cut back considerably on reconstructing the currently used facilities, but we will keep on putting up new ones. The final decision will be made by the end of the year. The company is currently working on a few possible scenarios,’ MRSK Urala’s press officer told UrBC.

Now the state-controlled FSK and RusGydro have already announced that they might cut their investment programs for 2012 by 20% to 30%.


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