Russia to build solar power plant

November 3rd, 2010 - 4:15 am ICT by IANS  

Moscow, Nov 3 (IANS/RIA Novosti) Two Russian firms have announced plans to build the country’s first industrial solar power station near the Black Sea.

The 12.3 megawatt station will be built in the spa resort of Kislovodsk by Khevel, a joint venture of Russia’s Rusnano and Renova companies.

“This is a breakthrough into a different dimension,” Rusnano CEO Anatoly Chubais told an innovation forum in Moscow.

The $97 million deal was sealed by Khevel CEO Yevgeny Zagorodny and Stavropol region Governor Valery Gayevsky.

Swiss-made thin-film solar panels will be used in the construction. The station may start operating by 2012, Zagorodny said.

–IANS/RIA Novosti
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