Russian federal hydro power company Hydro OGK has said it is looking to build more hydro plants and pumped storage projects in the south of the country by 2020 under a deal with a national investment body.
Hydro OGK said that the total investment proposed for all 18 hydro power projects was more than Rs110B (US$4.4B).
The firm is examining options for 10 hydro power and pumped storage plants in Dagestan, Kabardino-Balkaria, Karachayevo-Cherkesii, North Ossetia-Alania, and Krasnodar.
In addition, Hydro OGK is considering construction of eight small hydro plants.
The company is exploring project development with the National Direct Investment Agency (NAPI), and they plan to finance the schemes on a public-private partnership basis, Hydro OGK said.
To meet increasing power demand in the south of the country, Hydro OGK said a further 13.3GW of generation capacity is required by 2020. The company is currently the largest investor in the economy of the southern region, it said.
NAPI is a non-commercial body established six years ago to assist Russian businesses and attract investment. Hydro OGK said that the total investment proposed for all 18 hydro power projects was more than Rs110B (US$4.4B).