Energy efficiency becoming promising area for investment in Russia
President Dmitry Medvedev has made energy efficiency a plank of his modernization platform. In 2008 he set a target to reduce Russia’s energy intensity by 40 percent by 2020.
And the Energy Efficiency Program to 2020, approved by the government last October, set aside 9.5 trillion rubles ($3 billion) for energy saving programs.
“In Russia we are totally focused on energy saving,” he told The Moscow Times.
Honeywell is only one of many foreign companies seeking a slice of the energy efficiency pie.
Currently, average efficiency for a gas turbine is about 35 to 38 percent, while average for a combined-cycle turbine is 55 to 56 percent. Alstrom’s range of turbines includes a simple-cycle turbine with 38.1 percent efficiency and a combined-cycle turbine with 58.3 percent. The McKinsey & Company report projected that Russia could save $486 billion over the next 20 years and reduce energy consumption by 23 percent if it plowed $210.8 billion of investment into maximizing efficiency.
(Via The Moscow Times)
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