Deripaska, the board of directors chairman of Bazovy Element, a large managing company, said building all relevant facilities in the region would require about $4.5 billion.
Bazovy Element and Unified Energy System Co., Russia's electricity giant, had agreed on the former's participation in the construction of the power plant in Boguchany, Deripaska said.
Deripaska said the Economic Development and Trade Ministry and the Krasnoyarsk regional administration had agreed on a program for the region's development.
"This is not merely about building a power plant and lines that will be linked to the unified energy systems, but about developing the whole region's infrastructure," he said.
Deripaska said the company planned to build a railroad and develop timber reserves and was also considering building a pulp and paper plant.
