17 April 2004 12:48
BASIC ELEMENT TO HIRE FOREIGN CONTRACTORS FOR BOGUCHANSK
KRASNOYARSK. April 16 (Interfax) - Basic Element is holding talks with foreign construction companies with the aim of
employing contractors for work at the Boguchansk hydropower station, the company's board chairman Oleg Deripaska,
said Friday.
"We are not looking for foreign investors for joint financing of the project. We now where to find the funds to
complete the construction of the station. But there is a problem with the quality of construction," he said.
at domestic prices. "But who in that case will be ready to pay for the
construction of a hydropower station costing $2 billion? The
Russia does have a problem with the construction of such hydro power facilities, Deripaska said.
"The last such construction in the country took place 20 years ago. Were are looking for partners that have
carried out similar construction recently, no more than 10 years ago," he said. Talks are being held with companies
in Canada and Sweden.
Asked about the possibility of building a power transmission line to China to export electricity from Boguchansk,
Deripaska said China had virtually eliminated its energy deficit and is ready to buy electricity
construction of a power transmission line in China is not profitable," he said.
Krasnoyarsk territory Governor Alexander Khloponin and Deripaska signed an agreement on two investment projects in
the territory on Friday.
[Interfax] |
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