MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Thursday that the government has approved the start of a modernization plan for domestic power plants worth about 1.9 trillion rubles ($28.84 billion).
Russia's power sector is one of the most competitive in the country, including state players, private investors and foreign companies such as Italy's Enel (MI:ENEI) (MM:ENRU).
($1 = 65.8875 rubles)