Siberia | Energy, utilities

MRSK Siberia cuts investment to $145m

8 Jul '09
Interregional distribution grid company MRSK Siberia has announced plans to spend $145m on its development in 2009.

Earlier the firm intended to invest $220m in its development, but had to cut investment program by 34.3%.

The company had to correct investment plans due to payment failures by consumers and decreased energy consumption in Siberia, the firm said
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