Program to modernize Russian thermal power plants could be adopted in Dec-Jan

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Program to modernize Russian thermal power plants could be adopted in Dec-Jan - Novak

MOSCOW. Dec 18 (Interfax) - The Russian Energy Ministry expects a program to modernize thermal power plants to be adopted in December or January, Energy Minister Alexander Novak said at the State Duma.

Novak said the whole regulatory framework for this was in place.

The program could raise up to 2 trillion rubles for the power industry. It calls for modernizing up to 41 GW of capacity.

The draft plan for cabinet meetings in H1 2019, seen by an Interfax source at one of the ministries, indicates that the power sector modernization program will be discussed at the end of January.