“Russia’s largest power generating company is drowning in debt – CPDThe head of RusHydro complained to Putin about significant financial difficulties, the company suffered losses of almost $786
million. The high key rate and sanctions make it impossible to develop Russia’s energy infrastructure, which has led to
electricity shortages in some regions.
”, — write: unn.ua
DetailsIt is reported that last year the company suffered losses of almost $786 million. “RusHydro” is calling on the authorities for benefits to repay debts to banks. Therefore, the company has no money to finance new power plants and power grids.
While Russian propaganda portrays the Russian Federation as an “energy superpower,” its electricity generating sector is rapidly degrading. Production giants vainly hope for subsidies or benefits from the state – instead of providing for the basic needs of its own population, the Kremlin spends all its money on an aggressive war against Ukraine.
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The high key rate in the Russian Federation and the sanctions imposed as a result of aggression against Ukraine make it impossible to develop and update the electric power infrastructure in the Russian Federation. In particular, the Russian government postponed the modernization of 14 old power plants for two to three years. An electricity deficit has already arisen in some regions of the aggressor country, the CPD reports.
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