OREANDA-NEWS. On December 24, 2007 HydroOGK and “New Energy” Fund came to the final stage of the construction project of three mini-hydropower plants in Rutul Region of the Republic of Dagestan. Amsar HPP, one of those three mini-hydropower plants was put into service, reported the press-centre of HydroOGK.
 
The following officials will take part in the ceremony dedicated to the commissioning of the plant: Vasily Zubakin, Deputy Chairman of JSC“HydroOGK”; Andrey Zheleznov, General Director of “New Energy” Fund; Timur Gamzatov, Executive Director JSC “Regional Power Generation Company of Dagestan”; as well as the representatives of the executive authorities of the Republic of Dagestan, representatives of investment companies and potential partners of JSC “HydroOGK” in mini-hydro construction.
 
Amsar hydropower plant was constructed in the framework of the Program of JSC “HydroOGK” for Mini-Hydro Development. “New Energy” Fund operates the Program. Amsar HPP technical characteristics:

 installed capacity - 1MW,
average annual output - 4millionkW/h.

Сonstruction started in 2007 general contractor – “Energostroy Ltd.” At present time “New Energy” Fund has 20 projects of mini-hydro construction in the progress, seven of them are located in Dagestan. Kurmi mini-hydro project is at the design stage; Temiror, Mazadinca, Tindinca mini-hydro projects are at the research stage. Amsar, Shinaz, Aracul mini-hydropower plants are to be commissioned by the end of this year in the Southern Dagestan.
 
“New Energy” Fund (full name – “New Energy” Renewable Recourses Development Fund) – JSC “HydroOGK” operates the Program for Mini-Hydro Development. JSC “HydroOGK”, Carbon Energy Fund and Nongovernmental Pension Fund of Power Industry founded “New Energy” Fund.
 
Main objectives:
development of the Program for mini-hydropower industry for 2008-2010 as well as the perspective plan for the period till 2020;

realization of the investment projects of mini-hydropower plants construction according to the Program (project management from the starting point till the commissioning of the object, arrangement of the project financing including investments, borrowed and other assets).