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15 Nov 2016

Document adopted to guide Belarusian power grid development till 2030

MINSK, 15 November (BelTA) – The Belarusian government has adopted a concept meant to guide the development of the national power engineering industry till 2030. The statement was made by Deputy Prime Minister of Belarus Vladimir Semashko as he met with World Bank Country Director for Belarus, Moldova and Ukraine Satu Kahkonen on 15 November, BelTA has learned.

Vladimir Semashko said: “We have adopted a new power engineering industry development concept for the period till 2030 and we are going to follow the concept from now on. Apart from technical matters — the construction of new facilities, power plants and so on — the document stipulates the re-organization of the national power engineering industry for the sake of switching to market-based operation and for the sake of working as part of the common market together with the Russian Federation. We are supposed to create a common electricity market in the Eurasian Economic Union by 1 July 2019 and a common market of oil and natural gas by 2025.” In his words, the relevant government programs will be developed and adopted.

Vladimir Semashko stressed that Belarus takes care of environmental protection while developing the power engineering industry and the production sector. In his words, some environmental projects are implemented in association with international financial institutions, including the World Bank and the European Bank for Reconstruction and Development. “We work together with your bank in this area. I think we will continue working in line with the new strategy for 2017-2022. We would be pleased if these relations were more profitable for you and for us,” said the Deputy Prime Minister.

Vladimir Semashko reminded that Belarus is a diligent borrower. “We implemented the projects, for which we borrowed $125 million and another $90 million from you, on time and we even saved some money,” said the official.

The Deputy Prime Minister also invited Satu Kahkonen to discuss new projects that can be implemented in Belarus with assistance of the World Bank.

In turn, Satu Kahkonen thanked Vladimir Semashko for the meeting and welcomed the proposal to discuss new joint projects of Belarus and the World Bank.

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