VLADIVOSTOK(Sputnik) — According to the statement, the memorandums stipulate the construction of power plants with a combined energy capacity of up to 40 Megawatts (MW).
"Within the framework of the St. Petersburg International Economic Forum [SPIEF] a number of agreements on the implementation of a national project in the sphere of energy, towards the realization of distributed solar energy generation, were achieved," the statement said.
The ministry added that, citing Hevel Group's CEO Igor Shakhray, the hybrid solar-diesel power plants would contribute to the development of the Far East as they allow almost half the use of diesel fuel and will consequently reduce costs of power generation.
SPIEF, a major global platform for communication between businesspeople and discussion of crucial economic issues, kicked off in Russia's second largest city on Thursday and will continue through Saturday. Sputnik news agency is an official media partner of the forum.
