The Electric Power Industry and Energy Engineering Have New Development Vectors

19 may 2016

“Currently, various industries face severe changes and challenges that could not but affect the opinion of experts regarding their development”, said Viktoria Gimadi, Head of the Department for Fuel and Energy Sector, opening the plenary meeting “Russian Electric Power Industry in Current Conditions. External Challenges and Export Opportunities of the Russian Fuel and Energy Sector” held as part of the IV Russian International Energy Forum. The expert acted as the moderator of the plenary meeting where problems and development prospects of the electric power industry and energy engineering were discussed.

According to Ms. Gimadi, the electric power industry adopted new rules relating to long-term competitive power takeoff, there are changes in environmental laws (including the development of a tool to switch to best available technologies) and it is planned to create the united energy market as part of the Eurasian Economic Union (EEU). Besides, Russia signed the Paris Climate Agreement that may also potentially influence on key development areas of the domestic electric power industry.

In the energy engineering, the government set priorities with respect to import substitution and development of domestic technologies.  Companies operate in the economic crisis conditions that increases the need for solving current problems and may damage long-term plans of companies, according to the expert.