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Energy for investors

The Far East from perpetual outsiders becomes the leader in attracting investments

Energy for investors
More than a quarter of foreign investment in the first half of 2017 of the year fell on the Far East, recently released data by Prime Minister Dmitry Medvedev. During this period, the total volume of declared investments in the region reached 3,5 trillion rubles, an increase over the same period last year - 19,8%, the prime minister noted.

At a recent meeting of the government commission on the socio-economic development of the Far East and the Baikal region, the head of the Minsk region, Alexander Galushka, called the region "the largest construction site of the country". Among the flagship projects are the construction of the Eastern petrochemical complex, the modernization of the Baikal-Amur Mainline and Transsib, the construction of the Zvezda shipbuilding complex, and the creation of a cross-border infrastructure with China (30 billion rubles).

Implementation of investment projects is impossible without the development of infrastructure, and first of all - energy. One of these days the member of the Federation Council Anatoly Shirokov proposed to create a specialized structure that would deal with issues of energy development in the Far East. There have so far been no reactions to this proposal; experts doubt that the federal authorities will follow the path of creating special structures to solve each problem. The logic is different: the government is trying to create regulatory preconditions for encouraging investors and facilitating the implementation of investment projects.

"More than four years ago we started to work systematically to dramatically improve the business climate in the Far Eastern regions, realizing that without new investments, without modern jobs it is impossible to ensure the development of the Far East and solve social and demographic problems. For four years, we managed to ensure annual economic growth. It exceeds the all-Russian pace, "Prime Minister Dmitry Medvedev said at a meeting of the government commission.

One of the new regulatory decisions could be reimbursement to investors who invest in the regions of the Far East, interest on loans, such an order was given by Dmitry Medvedev. Drafts of the relevant documents must be received by the government before March 1 of 2018. Earlier, Minister Alexander Galushka called one of the limiting factors of the high cost of borrowed financial resources. Another tool is implemented according to the instructions of the Deputy Prime Minister Yury Trutnev, which gives FGC UES (Federal Grid Company) the right to independently connect residents of the advanced development territory (TOR) at a voltage level below 110 kV.

The responsibility of FGC includes high-power transmission lines, in which electricity is transmitted under high voltage to avoid losses. Further, through the system of transformer stations, the voltage is reduced to "household" and distributed to consumers, but this is already being done by energy sales companies. However, in a number of situations (it was decided that this is the case in the Far East), it is advisable to transfer FGC and this "low-voltage" farm to avoid disagreement in the work and unnecessary intermediaries. The commission of Yuri Trutnev is aimed at simplifying procedures and removing excessive administrative pressure. For the investor to deal directly with FGC it is profitable: the terms and costs of the construction of energy infrastructure facilities are significantly less.

Back in 2016, the government instructed infrastructure companies to include in their programs a "Far Eastern section". Any serious project is accompanied by the construction of powerful networks (from 220 kV), which perform the same role as pipelines for the economy as a whole. Suffice it to say that when implementing the most popular program - "Far Eastern hectare" - one of the main challenges experts call the construction of an energy infrastructure that would be able to supply the colossal, previously undeveloped territories. At the same time, forming a high-voltage network with associated "hubs", that is, points from which networks that feed specific consumers go, the state solves the problem not only of providing energy, but also increasing the reliability of the system as a whole.

The power system of the Far East still remains unsynchronized with the Siberian one, although it is connected with it by three main transmission lines. This creates known risks. The development of the energy infrastructure will allow the regional energy system to function in the same reliability regime as in the rest of the country. In the event of an emergency, dispatchers will have the opportunity to make more extensive use of reserve power schemes. Large investors are well aware of this.

The wish for the government, which is invariably the leader in the polls conducted by the RUIE among the business community, is the accelerated development of infrastructure, primarily the energy infrastructure. An important step in this direction will be the transfer of backbone grids from the Far Eastern Energy Management Company directly to FGC. The deal is at the final stage, told RBC + representative of the company.

For four years, FGC has invested about 45 billion rubles in the development of the region's energy system, and about 40 billion is planned to be invested up to 2020 a year. By 2020 in the Far East will be built 2,5 thousand high-voltage transmission lines and more than 2 thousand MVA of transformer capacity.

Among the most important projects - power supply of the reconstructed BAM and Transsib. For today it is almost the most ambitious infrastructure construction in the energy sector in Russia. Total costs are estimated at about 103 billion rubles. Nine of the 21 projects are in the Far East. Construction is carried out from FSK's own funds. 9 billion rubles have already been financed. Completely the construction must be completed by 2024 year.

Another important project - the expansion of the throughput capacity of the Eastern Siberia - Pacific Ocean (ESPO) pipeline system - will be financed by power engineers for 29,1 billion rubles, and the construction and reconstruction of the Power of Siberia pipeline - for 5 billion rubles. It should be reminded that the reconstruction of the power supply system of the port of Kozmino (a key port in the ESPO system) was completed in 2016. Previously, the port "hung" on the transit scheme of electricity in South Primorye; after reconstruction, it became an independent consumer, which increased the reliability of power supply to ESPO as a whole.

The authorities attach special hopes to the areas of advanced development. The objects in these territories are at different stages of implementation. So, the connection of the "Parus" site to the Komsomolsk TOR has already been held, where high-tech machine-building enterprises will be located. In the near future, we will provide power supply to seven more TORs, where both reconstruction and erection of new facilities are required.
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