08:06 GMT +3 hours29 November 2014
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Putin orders RusHydro, RusAl to launch Boguchansk hydro-electric plant on time

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Russian Prime Minister Vladimir Putin ordered Russia's largest hydro-electric power producer RusHydro and the world's top aluminum company RusAl to get the Boguchansk hydropower plant in Siberia into operation on time.

Russian Prime Minister Vladimir Putin ordered Russia's largest hydro-electric power producer RusHydro and the world's top aluminum company RusAl to get the Boguchansk hydropower plant in Siberia into operation on time.

Putin said the Russian government had recently approved a loan of up to 28.1 billion rubles ($930 million) via state-owned development bank Vnesheconombank for completion of the Boguchansk power plant.

"I am requesting the investors in this project, RusHydro and RusAl, to launch the plant on schedule, in particular, to start operation of the first three units in 2011 and put the entire plant into operation in 2013," Putin told a government meeting on Monday.

Deputy Prime Minister Igor Sechin earlier said the construction of the Boguchansk plant was considerably behind schedule, with concrete placement and assembly work less than 90 percent finished in 2010.

Putin also said the companies must work out an efficient project management scheme and fully comply with their commitments for construction of the hydropower plant and an aluminum smelter.

RusHydro and RusAl agreed in May 2006 to build the Boguchansk hydropower plant and the Boguchansk aluminum smelter with an annual capacity of 600,000 tons. The start of full operations at the hydro-power and metallurgical plants is scheduled for 2013.

RusHydro CEO Evgeny Dod said the company would be able to resolve all organizational and financial issues with RusAl.

Construction started at Boguchansk in 1980. The project is key to the economic development of the Krasnoyarsk Region.

MOSCOW, Aug 2 (RIA Novosti)