‘62% of our equipment is obsolete,’ the spokesperson for SverdlovEnergo said to UrBC.

‘This year, the company is going to double its investments in the equipment modernization, reconstruction, and construction of the new electricity supply network facility; this means we’ll have to invest 2 billion RUR against 701 million last year. We are hoping to obtain the money through long-term bonded debt, to be paid back with the help of connection fee (that is, the specific payments from the interested consumers),’ the spokesperson explained.