Investment in Russian grids may total $ 120 bn over 10 years

Oct 24, 2011 12:00 AM

Investment in Russia's electricity grids may amount to up to $ 100-120 bn in the next decade, Energy Minister Sergei Shmatko said.

"We have to start working on a complete revamp and modernization of our unified energy system, first of all, our power supply network," Shmatko told an energy forum.
"We estimate investments in the electric power distribution networks alone to be at some $ 100-$ 120 bn."

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