T Plus to invest RUB 84 billion in business development within 3 years

AK&M 20 February 2021 16:26

Total investment of T Plus in the development of businesses will reach RUB 84 billion in 2021-2023. Most of that amount will be spent on the transition of territories to price zones, implementation of concession agreements and upgrade of industrial capacities, including modernization under the CSA' scheme, according to the company’s press release.

These projects activities are prioritized by the company, which is why investment in them will total RUB 36 billion over three years.

T Plus Group (IES-Holding until June 2015) is Russia's biggest privately-owned company engaged in the electricity and heat supply sector. The group's core activities include generation, energy trading, retail sales, energy services. T Plus is responsible for steady uninterrupted power supplies in 16 regions of Russia. More than 14 million individuals and over 160,000 legal entities are the company's clients. T Plus Group manages 54 power stations, more than 400 boiler houses and almost 18,000 kilometers of heat supply networks. The installed electrical capacity of its power facilities is 14.6 GW, the installed heat capacity being 52,000 Gcal/h.