RENOVA Group To Launch Power Station in Yekaterinburg

RENOVA Group intends to get involved in the construction of electric power-generating facilities. For one, the company plans to launch Novobogoslovskaya power station in Krasnoturinsk, Sverdlovsk Region, in 2014, to launch another power station in Nizhnyaya Tura, Sverdlovsk Region, in 2015, and to launch yet another station in Yekaterinburg’s Academic district in 2017.

The implementation of the project will require about 43bn RUR, the company’s BOD Chairman Viktor Vekselberg announced during a business trip to Yekaterinburg.

Governor of Sverdlovsk Region Alexander Misharin and Viktor Vekselberg also declared they had reached a general agreement with Siemens regarding the construction of a high-speed tram link from Academic district to the center of Yekaterinburg.