$1.7bn for Urals power grid by 2012 - MES Ural | Urals, Energy, utilities MarchmontNews.com

Urals | Energy, utilities

$1.7bn for Urals power grid by 2012 - MES Ural

30 Jun '08
Regional power supplier MES Ural is to invest some $1.7bn into the Urals power grid beween 2008-2012, the firm's deputy CEO Vladimir Haritonov today claimed.

The move represents the Urals portion of a wider plan by parent firm and state energy giant FSK-UES to invest into the country's grid by 2012.

Of the total $1.7bn, $440m would be spent on the Urals grid in 2008, the firm added, 3.3 times up on what it spent last year.

Spend on the Urals grid represents roughly 1/25 of the total for the country, the firm said.