Russia plans to release a multi-billion dollar tender for a hydro power schemes in the Far East in early 2007, according to reports from Reuters.

The project, which will cost an estimated $15B, includes the 8.5GW Yuzhno-Yakutsk complex, and the Nizhnye-Zeyskaya and Nizhnye-Bureyskaya stations, with combined installed capacity of 600MW.

A senior official at Russia’s Hydro OGK told Reuters that Austrian utility Verbund, Norway’s Norsk Hydro and Statkraft, US-based Alcoa Inc and Russia’s newly merging aluminium giant Rusal-Sual were among the companies interested in the projects.