15 Mar 2010 16:39

Russia to build 3 bln ruble solar power plant in Stavropol territory

STAVROPOL. Mar 15 (Interfax) - Sfinks-9 LLC plans to build Russia's first solar power station near Kislovodsk in Stavropol territory in 2010-2012, the company's general director, Valery Korsakov, told Interfax.

The 3-billion ruble project will receive financing from a number of sources. "The experimental solar station, which will convert the sun's rays directly into electricity and into thermal energy, will have total peak capacity equal to 12.3 megawatts," he said.

The thermal energy from the plant will be used to heat commercial greenhouses located nearby.

A number of solar energy projects are currently underway in Stavropol territory, including the Kolos sanatorium and an apartment building in Kislovodsk.

Sfinks-9 is focused on the development and use of energy-conservation technologies. The company was formed by private investors.