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Projects of TPP RusHydro have risen in price since the preliminary evaluation on 24. 4 billion rubles

On December 10, Glavgosexpertiza approved an estimate for the construction of the first stage of the Sakhalin GRES-2 RusHydro for 34,76 billion rubles. Thus, the estimates of all four TPPs in the Far East, which are being built by presidential decree, have been approved, including for the 50 billion rubles allocated from the budget. The total estimated cost of projects, approved by Glavgosexpertiza, amounted to 87,8 billion rubles, which is 24,4 billion rubles more than the preliminary project estimate (63,4 billion rubles), which RusHydro called in the summer of 2013.

The budget tranche now covers only 57% of the costs. RusHydro says that the previous estimates were preliminary, and the cost rose, among other things, due to the choice of coal as fuel for the most expensive Sakhalin GRES-2. Meanwhile, according to Kommersant, such projects are three times cheaper in neighboring China.

RusHydro initially understood and stated that the cost of construction would go beyond the allocated funds. By the time of the signing of the decree on the allocation of funds, the company did not have ready-made design and estimate documentation, they say in the company, explaining that, for example, for projects in Sakhalin and Yakutia, the cost was determined "according to enlarged indicators based on analogous facilities", but for For 40 years there have been no such construction projects in the Far East. At Sakhalinskaya GRES-2, the Ministry of Energy decided to use coal instead of gas as fuel. “This, along with the ban on open water intake and the forced use of a dry cooling tower, caused a significant rise in the cost of the project,” says RusHydro. The company comments cautiously on the TPP payback prospects, saying that these are "investments, first of all, in development, and the return requires additional decisions, including tariff decisions, at the regional and federal levels."

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