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Italy’s Enel Gets More Wind Power Capacity in Russia

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The Russian subsidiary of Italian energy major Enel was awarded new wind power project of over 71 MW on Tuesday, in the 2019 Russian government renewable energy tender, Prime news agency reported.

The Rodnikovsky wind farm will be located in the Stavropol region, with Enel Green Power, the company’s global business line dedicated to renewable energy, being in charge of development and construction.

“This latest award represents another major milestone for us in Russia, after the recent start of construction of the Azov wind farm,” said Antonio Cammisecra, Head of Enel Green Power. “We are further confirming our commitment to harness the country’s renewable potential and diversify its generation mix, while contributing our renowned expertise in the development, construction and operation of renewable projects. Looking ahead, we will continue to work relentlessly on the consolidation and further expansion of our Group’s renewable footprint in Russia, thereby pursuing an increasingly sustainable business model.”

Enel Russia’s overall investment in Rodnikovsky amounts to approximately 90 million euros. Once operational, due in the first half of 2024, the wind farm is expected to generate around 220 GWh per year while avoiding the annual emission of around 180,000 tons of CO2 into the atmosphere. The plant will sell its energy output in the Russian wholesale market and will be supported by capacity payments.

The Russian renewable energy tender for the 2020-2024 period took place from May 28th to June 10th for the awarding of approximately 314 MW of renewable capacity, 78.1 MW of which dedicated to wind power projects, the remaining 229.8 MW to mini-hydro and 5.6 MW to solar.

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Russian Tourists to Favor Turkey Again This Year: ATOR

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Turkey will again be the number one destination for Russian tourists this summer, the Association of Tour Operators in Russia (ATOR) has said, according to Interfax.

Russian tourists have again decided in favor of Turkey for their vacations, which is seen by a 10%-15% rise in demand for Turkish tourist packages compared to the same period last year, the business association said.

Sector representatives indicate that Turkey is a much more attractive holiday spot compared to its competitors due to the climate, affordable prices and high quality offerings.

According to the Antalya Provincial Directorate of Culture and Tourism, the holiday resort city hosted about 1.25 million Russian tourists in the first five months of this year, a 20% increase year-on-year.

Officials expect 6 million Russian tourists to visit Turkey this year, about the same number as in 2018.

The Ambassador of Turkey to the Russian Federation, Mehmet Samsar, says that the preferences of Russians on holidays in Turkey have changed in recent years. “Russian tourists began to visit Turkey not only for the beach, but also for cultural and recreational rest at the hot springs. Interest in Cappadocia, Izmir, Istanbul, as well as the beaches of Dalaman and Bodrum increased,” he said.

Samsar added that about 35-40 million foreign tourists visit Turkey annually, and the country has a great potential to increase tourist traffic.

“Even if 600,000 more tourists arrive in 2019, this is already good growth,” he said.

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Russia, Qatar Vow to Increase Trade Volume to $500mn in 2020

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Commercial exchange between Qatar and Russia will increase to 500 million dollars by 2020, Russian ambassador to Doha Nurmakhmad Kholov has said, according to Prime news agency.

During a reception held Monday night to mark the National Day of the Russian Federation, Kholov announced that Emir of Qatar Sheikh Tamim bin Hamad Al Thani would visit Russia this year’s fall.

He also commented on the increasingly close ties between Russia and Qatar, and recalled Al Thani’s two visits to the Eurasian country in 2018.

“Doha and Moscow have fruitful cooperation in fields such as energy, investment, construction, industry, agriculture, tourism, culture, sports, innovation and education, as well as exchange of experiences for the 2022 FIFA World Cup,” the envoy said.

“The establishment of exports from Russian agricultural products to Qatar is another mission in process to ensure food security and economic stability of the country, given the country being blocked by former key exporters (Saudi Arabia, United Arab Emirates and Bahrain),” he added.

Kholov also stressed that Qatar is the biggest investor in Russia’s economy among the Gulf Council countries.

According to the ambassador, other projects are under consideration in sectors such as infrastructure, agriculture, health, real estate, oil and gas.

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Moscow No Longer Among World’s 100 Most Expensive Cities for Foreigners

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The depreciating ruble, the drop in oil prices and continuing anti-Russian sanctions have caused Moscow to drop out of the list of top-100 most expensive cities in the world for foreigners, says the new Cost of Living Index report by international consultancy ECA International.

According to the report, cited by Channel 5, Moscow dropped 66 places to hit 120, while St. Petersburg exhibited a similar trend, falling by 31 spots and landing in 172th place.

A weaker euro resulted in EU cities becoming less expensive for foreigners working there – overall, Europe only takes up 19% of the rating, while the United States demonstrated the opposite tendency. A stronger dollar saw 25 U.S. cities being ranked in the top-100, while only ten made it into the list last year.

This time, Ashgabat, the capital of Turkmenistan, was placed first in the list of cities most expensive for foreigners to live in, managing to surpass two Swiss cities, namely Zurich (2) and Geneva (3) that are traditionally ranked very high. They are followed by Hong Kong in the 4rd place, Basel (Switzerland) comes 5th, Bern (Switzerland) placed 6th, Tokyo (Japan) – 7, Seoul (South Korea) – 8, Tel Aviv (Israel) – 9, while Shanghai (China) closes out the top-10.

The Venezuelan capital, Caracas, suffered the most impressive drop, coming from being the leader of the rating last year to falling to the 238th spot because of the inflation that reaches $1.3 million on a year-on-year basis.

Overall, the research compared market baskets of 482 cities all over the world. Tehran occupies the very last place, because of U.S. sanctions imposed on Iran.

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