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24 October, Tuesday

Ufa   °

21 billion rubles to be invested in construction of highly efficient heat power plant in Bashkortostan

Economy/Business

The Government of Bashkortostan and LLC "CCGT "Heat power plant-5 "signed an agreement on the implementation of priority investment project "Construction of a combined cycle gas turbine at Heat power plant -5 in Ufa district".

The project is aimed at creating a modern highly efficient heat power plant with a sum of investments 21 billion rubles and creation of 250 new jobs.

The signing of the agreement involves mutually beneficial cooperation and creation of favourable conditions for priority investment projects implementation in Bashkortostan.

The document provides for governmental support in the form of exemption from property tax and income tax in part transferred to the republican budget within the existing legislation framework, the press service of the Government RB explains.

The Ministry of Industry and Innovation Policy of Bashkortostan is entrusted to supervise over the progress of the project.

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