In his speech at the opening of the Moscow Energy Week the Energy Minister of Tussian Sergei Shmatko said that in the coming years the Russian oil refining industry will receive 20-25 billion American dollars of investment. According to the minister this will enable escaping from the present day situation, when Russia exports black oil, […]

ОАО Federal Hydrogenerating company RusHydro bought 27.21% of OAO Yakutskenergo shares. This is announced in the statement of RusHydro, the press-service of which refused to name the source of obtaining the batch of shares. Presumably the shares used to belong to two Cyprus off-shore companies Madake Enterprises Company Limited and Donalink Limited, the beneficiaries of […]

The branch of OAO Sixth Wholesale Power Market Generating Company ( OGK-6) — Kirishskaya State District Power Plant has summed up the results of its production activities for the nine months of 2011. The output of electrical power production at the Kirishskaya SDPP for the nine months of this year comprised 4 billion 244.5 million […]

The Russian Technologies State Corporation and the government of the Sakhalin Region have signed a cooperation agreement, the press-service of the corporation reports. “The subject of an agreement is the cooperation aimed at the efficient and well-timed execution of the project on creating the fuel and energy complex on the western coast of the Sakhalin […]

The investment program of the Ryazan branch of OAO Quadra in the current year will comprise 117 million rubles, which is 1.5 as much as the amount of financing of the last year, the power company reports. “The largest project of the investment program include the construction of the heating water converter plant at the […]

The net profit of OAO Samaranefteproduct (a subdivision of Rosneft) according to the Russian Accounting Standards for the nine months of 2011 comprised 499.431 million rubles which corresponds to the same period of 2010. In the third quarter of 2011 the net profit of the enterprise according to the Russian Accounting Standards comprised 349.003 million […]

OAO Bashneft established OOO Power Supply Company (Ufa). Bashneft owns 100% chares of the newly created company, the company statement says. As the press-service of Bashneft explains, the new company has been established with the aim of reducing the Bashneft Group expenditure on buying electricity for its own needs.

Estonia is one of the world’s largest experts on such alternative fuel type as coal slate. This was declared by the head of the Ministry of Economics and Communications of Estonia Juhan Parts. According to him, Estonian engineers and scientists developed a unique technology of coal slate production and use. As a result the country […]

The prototype for an innovative mini-turbine blade was unveiled today at Rovereto. In attendance were local authorities, Enel Green Power CEO Francesco Starace and renowned Genoese architect Renzo Piano, who developed it in partnership with the Enel company devoted to renewables. Taking advantage of research into new, lighter, more resistant materials and new technological solutions, […]

Ukraine is going to build two 110 kV power transmission lines and transformer yard for connecting the renewable energy facilities to the substations Reni (Odessa region) and Zheleznodorozhnoe (the Autonomous Republic of Crimea) for the funds provided by the European Union within the framework of supporting the energy strategy of Ukraine in the sphere of […]