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RusHydro will transfer more than 3 billion rubles to contractors for projects in the Far East by the end of June
RusHydro reports that financing of projects in the Far East is carried out without delay. By the end of June, subsidiaries implementing the construction of generating facilities in the region will transfer over 3 billion rubles to project contractors. The financing mechanism implies the use of targeted budget funds allocated by the Decree of the President of the Russian Federation for the development of the energy sector of the Far Eastern Federal District and currently placed on a separate account with Sberbank of Russia.
To date, more than 1 billion 80 million rubles have been allocated from the targeted budget funds for the construction of new heat generation facilities in the Far East. At the end of March, the first tranches for the construction of the 1 line of the Yakutsk SDPP-2 were already transferred.