FGC must coordinate investment program with private investors - EuroSibEnergo
IRKUTSK. Sept 13 (Interfax) - The general director at OJSC EuroSibEnergo, Yevgeny Fedorov, says that OJSC Federal Grid Company (FGC) UES needs to coordinate its investment program with the plans of private companies carrying out projects along the Baikal-Amur rail line in Irkutsk region.
"The Federal Grid Company investment program must be coordinated with the plans of private owners, for building power stations, for building new plants," Fedorov said during the Baikal Economic Forum in Irkutsk on Tuesday.
At issue particularly is the necessity of building the Ust-Kut - Chara power line in 2015, he said.
"This line is in the Federal Grid Company investment program. If we want to have Udokan (electric power requirements - 450 mWt) in 2017, if we want to have in 2018 the Chineiskoye deposit, if we want in 2015 to resolve the problem of supplying energy to Bodaibo, then this line needs to be built in 2015, Federov said.
The building of this line will make it possible to attract up to $10 billion in investments into the region and would not require any special government decisions in terms of allocating financing, offering guarantees, or other subsidy measures, he said.
"This will provide extraction of gold of up to 70 tonnes, of silver - up to 300 tonnes, of copper - up to 500,000 tonnes, of zinc concentrate - up to 236,000 tonnes, the utilization of that associated gas that our oil companies now extract that they are either injecting into strata or burning off with flares - up to 4 billion cubic meters per year," Fedorov said.
Gold-mining companies planning to implement extraction projects in Irkutsk Region need 300 mWt of power, he said. "The only thing delaying the realization of these projects is a lack of additional electric power," he said.
The Baikal-Amur line can today handle from nine to eleven pairs of trains daily, though it will soon need to double that capacity to 20-24 pairs of trains per day.
"The key reason why we cannot increase speed on the Baikal-Amur line is the lack of electrification. If we launch even two or three sufficiently large coal deposits in Tyva, in Yakutia, then the Baikal-Amur line will simply grow," Fedorov said.
