Putin ordered to produce electricity in Russia 20% cheaper than in China.
Vladimir Putin ordered to reduce the average cost of electricity in Russia by 20% compared to China. To achieve this goal, by 2042 it is planned to build new power plants with a capacity of 88.5 GW and renew 66.4 GW, which will cost 40 trillion rubles. The funding sources have not yet been determined.
The Ministry of Energy estimates that by 2042 the price of a kilowatt-hour may increase from 6.4 to 12.8 rubles due to construction levies. Experts warn against possible dependence on China's pricing policy and emphasize the importance of taking into account taxes, subsidies and currency differences. The Ministry of Energy hopes to establish Rosenergoproekt to control costs and capacity.