Increasing the effectiveness of state support measures for projects in the field of electric power in the Far Eastern Federal District and the Russian Arctic was discussed at the round table of the FEDC

The Corporation for the Development of the Far East and the Arctic (FEDC) hosted a round table on the topic “Tax preferences for the development of the electric power industry in the Far East and the Arctic”. The event, organized in preparation for the Eastern Economic Forum, was attended by representatives of the largest energy companies and authorities. According to the discussion moderator, head of energy and housing and communal services of the FEDC Maxim Gubanov, the implementation of investment projects for the construction and modernization of generating capacities in the Far East and the Arctic is characterized by high capital costs and limited tariff sources, which together does not encourage energy companies to do business in the territory of the macroregion without targeted measures of state support. A key measure for the industry is a guaranteed return of investment, which is provided under a capacity supply agreement (in the wholesale market), a long-term tariff for the purchase of electricity (in the retail market) or by retaining the achieved fuel savings in revenue (for local energy systems). During the discussion, representatives of PJSC “RusHydro”, PJSC “Inter RAO UES”, LLC “Gazprom Energoholding” and JSC “NovaWind” spoke about the plans for the implementation of investment projects in the macroregion and supported the FEDC initiative to remove regulatory restrictions regarding the need to register participants preferential treatment within the boundaries of their activities.