31 Jan '11
Far East Energy Management has announced its $1.1bn 2011 investment program, parent company RAO ES East said.
It is a reported 40% year-on-year increase in investment.
Of the total amount, about $420m will be spent on the upgrades of Vladivostok energy systems as the city is preparing to host the 2012 APEC summit, the report specified.
RAO ES East was set up in 2008 as part of a restructuring program for RAO UES of Russia.