19% of Russia’s electricity generating capacity in use for more than 50 years

Russia is one of the world’s top producers of electrical energy. In 2012, Russia’s total electricity generating capacity increased by 2.2% y-o-y, reaching 223.1 GW, ranking fourth globally, just behind the USA (1,158 GW), China (1,140 GW) and Japan (226 GW). Thermal power plants account for approx. 68% of the total installed capacity of Russia’s energy system. This is followed by hydroelectric power plants with 21% and nuclear power plants contributing the remaining 11%.
At the same time, Russia is one of the world’s most energy intensive countries. According to the Ministry of Energy, the energy intensity of the country’s GDP is two and a half times higher than the world average, and up to three and a half times higher than that of developed countries. The deteriorating state of equipment, inefficiencies leading to losses during transmission, artificially low tariffs, sub-optimal management and the increasing likelihood of energy shortfalls eventually left Russia’s government with no choice but to act. Privatisation of the country’s power sector was seen as the best alternative to address these issues.

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