Sergey Tsivilev: the electric power industry needs investments in the amount of 40 trillion rubles

Russian Energy Minister Sergei Tsivilev announced the need to attract investments in the amount of 40 trillion rubles for the development of the country&s electric power sector until 2042. As part of these efforts, 88 gigawatts of new generating capacity are planned to be commissioned.

The materials presented to the Federation Council emphasize that in order to achieve sustainable and dynamic economic growth, especially in the context of the transition to a more accelerated development model, modernization of the electric grid infrastructure is required. The Ministry of Energy also intends to build 14,000 kilometers of main power transmission lines by 2036, which will require additional investments of 17 trillion rubles.