Market Overview

Market Overview

Over the past few years, energy security and sustainable development have moved up the global agenda. First, the impact of high and often volatile energy prices; second, concerns over environmental sustainability and particularly the global climate. Both issues are critically important for Russia and the CIS, a region with continued economic growth which has boosted energy demand and put corresponding strains on networks and the environment. Some Russian regions, including Moscow and its suburbs, as well as regions in European Russia, the Urals and Western Siberia, are facing power shortages. The shortage of electricity could hinder Russia’s accelerated economic growth. Therefore, the privatization of power plants (with the exception of hydropower and nuclear power plants) will be complemented by an impressive program for prolonging their working life. This plan will increase generating capacities by 41 GW by 2010 and 180 GW by 2020, compared with 209 GW now.

That challenging program cannot be fulfilled without heavy government and foreign direct investment in sufficient, affordable and sustainable technologies such as Thermal, Nuclear, Hydro and Renewable energy. Significant steps also have to be made to modernise Russia’s electrical transmission and distribution grid through Smart grid developments and AMR ensuring the efficient distribution of energy to the consumer. Desire for this investment has been backed by the Russian authorities, with Vladimir Putin stating that the capacities of the national power generating infrastructure should be increased by more than 50% in the next 10 years and adding “We expect foreign investors to play a major role in this” Russia also plays a pivotal role in the supply of gas and electricity for many of its neighboring countries and EU members alike. Huge opportunities exist for companies that can supply the relevant equipment, technology and services to help modernize and maximize generation and supply.

PowerTec Russia & CIS, through its extensive contacts and partners, reaches those decision makers whom vendors have traditionally found a challenge to reach, and with unrivalled reporting and content, PowerTec Russia & CIS provides a valuable, informative and much needed information platform to the regions power players – at the right time, when they need it.



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