ZHIGULEVSK (Samara region)-September 9 (RIA Novosti)-Russia's hydroelectric power industry has the right to expect significant funding from a new budget article, the state investment fund, a senior member of the lower chamber of Russia's parliament said Friday.
Speaking at a hydroelectric power conference, Deputy Speaker of the State Duma Vladimir Pekhtin said the investment fund would have about $2.5 billion, and that a significant portion of these funds could be spent on hydropower.
He also said that a "well-grounded concept for the development of hydropower for many years to come" was essential.
The deputy speaker added that old generating plants meant that stable electricity supplies were under threat, especially given rising consumption.
