Rosenergo, RAO UES and Komi Republic Government Sign Cooperation
Agreement to Develop the Republic's Energy System
Moscow, 30 April 2008. RAO "UES of Russia" and the Government of the
Komi Republic have signed an Agreement on Cooperation in Development of the Republic's
Energy System until 2012.
The Agreement is designed to improve the reliability of electricity supply, increase
the network throughput capacity, create the conditions for new user connections to power
grids and increase the capacity available for users already connected, and prevent power
shortages amid growing electricity consumption in the Republic's energy system.
Under the Agreement, in 2008-2012, several projects will be implemented in the region
to build power plants and grid facilities.
The generation projects will include construction of a CHPP with a capacity from 70 to
130 MW near Syktyvkar which will solve the problem of heat and electricity supply in
Syktyvkar and the southern area of the Republic of Komi and a 225 MW HPP near Syktyvkar,
which will make it possible to connect new consumers to the grids.
The key project in the region's transmission grids will be the construction of the
second circuit of the 220 kV line Pechorskaya HPP – Ukhta – Mikun. Implementation of
this project will help increase the plant's load and ensure electricity supply to the
southern region of the Republic of Komi. This line will make it possible to connect new
consumers to the grids, eliminate the electricity shortage in the southern energy node,
and reduce the current load on the existing lines.
The amount of funds needed to finance the capital investment projects in the grid
sector alone is estimated at nearly RUB10.5 billion, of which RUB7.3 billion will be used
to develop the UNEG networks and RUB3.2 billion will be invested in the distribution grid
The projects will be financed with a combination of equity and debt raised by OAO
"TGC-9", OAO "UES FGC", and OAO "North West IDC", as well as
the connection fees of the grid companies, depreciation reserves, and borrowed funds.