RAO ES Vostok investment program totals 27 bln rubles in 2011
VLADIVOSTOK. Feb 14 (Interfax) - The revised 2011 investment program for RAO ES Vostok (East Energy System) totals 27 billion rubles, the company reported.
The company will provide 8.9 billion rubles from internal sources. Dependent subsidiaries will also provide financing for the investment program.
East Energy System will also receive 1 billion rubles from the federal budget to build a combined heat and power plant in Sovetskaya Gavan, Khabarovsk territory, and about 500 million rubles for the project to build distribution networks and substations to supply power for mobile communications stations on the Chita-Khabarovsk "Amur" highway.
Most of the company's internal funds will go to financing six priority projects.
East Energy System was formed on July 1, 2008 in the UES Russia reorganization. The state owns 52.7% of shares. Company power plants have 8,735 megawatts of total installed capacity.
