At the end of July, the Italian energy holding Enel appealed to Deputy Prime Minister Yuri Borisov and Energy Minister Alexander Novak with a request to soften the conditions for selecting projects to modernize old thermal power plants. “Vedomosti” got acquainted with the document. Its authenticity was confirmed by a market source and a federal official.
Since 2019, a state program for the modernization of old thermal power plants has been in effect in the country, estimated at 1.9 trillion rubles. Generation companies submit projects for the modernization of their stations for a competitive selection; a prerequisite for participation is the use of Russian turbines or foreign assembled in the Russian Federation with a high degree of localization. Projects that are approved in this way are entitled to a guaranteed return on investment of 14% per annum through increased payments to consumers. Within the framework of this program, 40 GW of TPP capacities should be modernized in Russia by 2031.