Russia's West Siberian Generating Company plans to invest about eight billion rubles ($258 million) in construction of eight mini-hydroelectric power plants in the Siberian Altai region and launch the first one before 2015, Chairman Nodirbek Dzhurayev said on Wednesday.
"West Siberian Generating Company is experienced in building such plants. We are now building three hydro-electric power plants in Uzbekistan, upgrading the Iksinskoye power plant in the Tomsk region. The company's orders portfolio amounts to about 35 billion rubles," he told a local government meeting.
Altai Deputy Governor Vitaly Ryapolov said the region was for good for wind power and small hydropower projects.
"We are now developing several projects, and there are also project preparations for the construction of a condensing power plant on the Munaiskoye coal deposit to increase power security of the Altai territory. Alternative energy sources are being created, several wind and hydropower objects are being designed," he said.
BARNAUL, Russia, December 15 (RIA Novosti)