OREANDA-NEWS. The Board of RAO “UES of Russia” noted the progress report on the activities to raise investments in the generation capacity projects using the investment guarantee mechanism (IGM).

The total installed capacity of the generation projects to be implemented under the IGM should not exceed 5,000 MW.

Within the framework of the IGM implementation, the Ministry of Industry and Energy together with RAO "UES of Russia" and System Operator produced and adopted the Rules for holding tenders for awarding investment projects to create the long-term technological reserve and the Rules for determining the scope of required installed capacity of generation facilities brought on line under the IGM.

In parallel with the work to organize tenders within the IGM process, RAO "UES of Russia" held tenders to select engineering companies to develop pre-feasibility studies. To date, the Company has received bids from international engineering companies relating to audit of pre-feasibility studies. The audited results of the pre-feasibility studies will be used to determine the maximum cost of investment projects for the tender documentation. Under the tender terms, this cost will be a key criterion for selecting a tender winner and a benchmark for investors' bids.