Power industry investment programmes discussed at REW 2024

September 28, 2024

Current challenges to power industry investment, effects of digital transformation and successful practical solutions in this field were discussed at the session ‘Working with Investment Programmes: How to Increase Efficiency’ held at Gostiny Dvor in Moscow as part of the Russian Energy Week International Forum.

“Investment programmes mean more for the Russian energy sector than just planning construction or modernization of facilities. It's a tool allowing us to ensure sustainable economic growth, guarantee power supply reliability and security. In recent years, the power industry has faced new challenges. These problems cannot be overcome without modernizing the infrastructure and implementing innovation-based technologies”, noted deputy Minister for Energy of the Russian Federation Eduard Sheremetsev.

Additionally, discussion participants discussed security and information control as part of investment programmes. In particular, Alexey Molsky, Member of the Board, Deputy Director General for Investment and Capital Construction, Rosseti, stressed that new requirements for investment programmes are emerging under the current conditions. These include information security and import substitution, which require hardware and software. In turn, Roman Makin, Head of Investment at SO UPS, remarked that automation of the investment programme design space places additional requirements on financial flow control.

“During this session, we discussed problems of investment programme management for power industry entities under given the rapidly developing Russian economy and ever growing consumer demand for reliable and efficient power. The State recognizes this problem as critically important, and market participants note that conventional methods for investment programme design, approval and implementation control are often labour-intensive and inefficient. Digital transformation of these processes can improve their transparency, reduce costs and accelerate decision-making to ensure harmonious development of the country's power sector”, noted the discussion moderator Lyudmila Bogatyryova, head of the IT division of Polylog Consulting Group.

REW 2024 is held in Moscow on 26–28 September at two locations: the Manege Central Exhibition Hall, where key business programme events are planned, and Gostinyi Dvor, hosting an exhibition of equipment for the energy industry. The Forums' key topic in 2024 is ‘Energy Cooperation in a Multipolar World’.

Russian Energy Week is being held with the support of the Russian government, the Ministry of Energy of the Russian, and the Moscow government. It is being organized by the Roscongress Foundation.

The business programme is available on the official Forum website.

Official website of REW: rusenergyweek.com. Follow the latest news about the event and the industry on the official REW page VKontakte.

 

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