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Mon 1 Jan 2007 05:34 PM

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Russia strengthens grid with hydropower project

The Russian Government has announced the release of a multi-billion dollar tender for a hydropower station

The Russian Government has announced the release of a multi-billion dollar tender for a hydropower station.

The US $15 billion (RUB398 billion) project forms part of the government’s efforts to reform the country’s electricity supplies. It is expected to be put to tender in early 2007.

Norwegian firms Norsk Hydro and Statkraft; Austria’s Verbund; Alcoa of the USA; and Russian firms HydroOGK and Rusal-Sual are all reported to have shown interest in bidding for the project.

The work will involve the construction of the 8.5GW Yuzhno-Yakutsk hydropower complex in the far east of the country. The contract will also include the Nizhnye-Zeyskaya and Nizhnye-Bureyskaya stations, which will have a combined capacity of 600MW.

The Government is reported to be planning to build 120MW installed capacity of hydropower plants by 2010, mostly in the North Caucasus.

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