10 Nov 2009 14:28

State may support RusHydro in 2011-2012 with subsidies, equity buy - Shmatko

MOSCOW. Nov 10 (Interfax) - The state may provide support to RusHydro in 2011-2012 by subsidizing interest rates or increasing its equity stake, Energy Minister Sergei Shmatko told journalists.

"In discussions with the Finance Ministry we are examining the possibility of providing state support to RusHydro in 2011-2012 either by supporting it with subsidized interest rates or participation in charter capital," he said.

In 2010 the state will support RusHydro with 4.3 billion rubles to finance construction of a bypass channel. Restoring the Sayano-Shushenskaya Hydroelectric Station, which was heavily damaged in an accident in August, will be financed by RusHydro. "The balance sheet for 2010 has already been drawn up. Everything is aimed now at ensuring the stable financing of the work," he said.