Kolenergo to invest EUR 139 mm in Murmansk energy grid

Oct 25, 2010 12:00 AM

The energy company Kolenergo has announced plans to invest RUB 5.9 bn (appr. EUR 139 mm) in development of electricity grid facilities in the Murmansk Oblast in 2011-2015.

Most of the funds will be invested in reconstruction of substations, Kolenergo said. The regional centre of Murmansk is experiencing lack of capacity, and will therefore be subject to large-scale improvement works. Kolenergo is part of the interregional distribution grid company MRSK North-West.

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