The Cabinet of Ministers has simplified the procedure for approving investment programs in the electric power industry
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Russian Prime Minister Mikhail Mishustin signed a resolution on improving the investment planning process in the power industry, reported government press office.
The document provides for a reduction in the approval stages and terms for approving investment programs of electric power industry entities. As specified in the Cabinet, their coordination will be synchronized with the program for the development of Russia’s electric power systems.
“Due to the automation of processes and the use of the information system, the quality will increase and the preparation for the formation, consideration, approval and analysis of the implementation of investment programs of electric power industry entities will be simplified,” Deputy Prime Minister Alexander Novak commented on the changes.
According to him, the authorities will approve investment programs after they are posted in the information system, “on the principle of a state function.” This will increase the transparency and validity of investments in the country’s electric power industry, Novak added.
As Vedomosti wrote earlier, the government supported a bill that provides for the preservation of benefits for paying for electricity for enterprises in the Far East and the Arctic zone and at the same time allows you to set any prices without reference to maximum and minimum levels.
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