7 Jun 2010 17:30

Gazprom to help build several hydropower plants in S. Ossetia

TSKHINVALI. June 7 (Interfax) - A network of hydropower plants is to be built in South Ossetia, South Ossetian Prime Minister Vadim Brovtsev said in Tskhinvali on Monday.

"The energy ministry has held talks, followed by the decision to build at least seven hydropower plants by the Gazprom (RTS:GAZP) - South Ossetia joint venture. A project to build a thermal power plant is being negotiated," he said.

The contract to set up the Gazprom-South Ossetia joint venture was signed on April 6 2010 by Brovtsev and Gazprom CEO Alexei Miller. It envisions South Ossetia's gasification under an investment project, as well as the development and introduction of gas-saving know-how.

Also, information technologies will be developed in the gas-supply system, and environmental friendly and rational utilization of the natural environment will be guaranteed.