OREANDA-NEWS. RAO "UES of Russia" has approved the revised Investment Programme of the Holding Company until 2011. The total amount of financing for the Investment Programme until 2011 will make RUB3.1 trillion.

The current change to the RAO UES Investment Programme is due to the changes in the electricity consumption growth forecast. According to the forecast approved by the Russian Government on 30 November 2006, by 2011 the average consumption growth rate will reach 5 percent, which means that an additional 40,900 MW of generation capacity will need to be constructed and brought on line. Of this amount, 34,200 MW will be constructed by RAO UES energy companies.

Implementation of the Investment Programme will make it possible to fully meet the growing electricity and heat demand from the industrial and household sectors and prevent potential capacity shortfalls.