WATCH OUR VIDEO

ABB Low Voltage Products celebrates 20 years of business in China

Beijing, China. ABB’s Low Voltage Products division, a business of the leading power and automatio more

EBRD AND FAO PROMOTE VIABLE FORESTS IN RUSSIA’S FAR EAST

Russia’s Far East occupies one-third of the country’s territory and accounts for more than nine more

BRICS nations launch new development bank

A new international development bank and multi-billion emergency lending pool are set to be launched more

Nissan sold in Russia 1 million cars

The Nissan in Russia broke the mark of 1 million vehicles (including light commercial vehicles) for more

Rolls Royce sales surge by 11 percent in China

Rolls Royce the luxury motor car manufacture just announced a sales increase in the leading Bric cou more

Follow BricPartner on Twitter
 

"Companies need to focus their Export strategy on Growth markets having a plan for the Bric's is vital"

You are here » Home Page » News » EIB supports more efficient power generation and emissions reductions in Russia


EIB supports more efficient power generation and emissions reductions in Russia

2013-10-11 source www.eib.org
The European Investment Bank (EIB) is lending EUR 100 million (RUB 4bn) to support the modernisation of power and heat generation technology in Vladivostok.

The project is part of a larger programme to bring natural gas to Russia’s Far East, enabling a switch from coal to natural gas as the primary energy source and reducing CO2 emissions.

The loan – the first ever to be extended by the EIB in Russian roubles – will finance the installation of three new state-of-the-art combined heat and power gas turbine units, which will increase electricity and heat production and bring environmental and energy efficiency performance into line with best practice.

“This loan will contribute to climate change mitigation, which is a key priority for the European Union and therefore also one of the key operational priorities of the EIB,” said Wilhelm Molterer, EIB Vice-President responsible for lending operations in Russia, adding that the project also contributes to the implementation of the EU – Russia Partnership for Modernisation.

The operation is being carried out under the EIB’s Climate Change Mandate for non-EU countries introduced in 2011 and is being co-financed with the European Bank for Reconstruction and Development.

Each of the three new units will consist of a 46.5 MW high-efficiency gas turbine and an associated 40 Gcal/h heat-recovery hot water generator. This will help to cover the heat base-load throughout the year in Vladivostok and supply electricity to the region. The project also includes the installation of three heat-only boilers (100 Gcal/h each) to cover winter/peak loads and replace the old heat-only boilers currently being used.

Konstantin Bessmertniy, Member of the Management Board of JSC RusHydro, the project promoter, said:“RusHydro is now unveiling a large-scale construction project in Russia’s Far East. Construction of the new generating facilities will enhance the region’s energy security and provide consumers with a reliable power supply. Support for our projects from major financial institutions such as the European Investment Bank is obviously an advantage and will help to make the implementation of RusHydro’s investment plans a success.” 

General Director of JSC "Energy Systems of East" Sergei Tolstoguzov, stated: "Today the south of Primorye region faces lack of energy. Construction of the new station will allow the city to get two independent power facilities. Vostochnaya CHP input will increase Vladivostok heat power capacity and create the necessary provision for electricity and heat. According to our experts, the station will supply electricity to more than 50,000 apartments and provide heat to more than 600 multi-family homes."

Source:www.eib.com

BricPartner the Business Partner search experts for the Bric region

Search


Featured Partners

Featured Partners

View more featured partners more

Testimonials

View Our Testimonials more

Featured

Developing Business In Brazil Russia India China and South Africa

 


Media Interactive Europe Limited

Trading as MiaBric & BricPartner
Headquarters:
Office 1, St Saviour's Wharf, 23 Mill Street, SE1 2BE, UK
T: 0044 (0)20 7394 9488 F: 0044 (0)20 7394 6777