A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Modernizing Generating Capacity in the Electricity Sector: Problems and Prospects
6 October 2017

In the period since the reorganization of RAO UES, significant investment has been made in upgrading fixed assets for power generation. This has made it possible to avoid power shortages and reduce failures during the current period. As part of a proven programme of agreements to make capacity available on the wholesale market, significant capacity has been introduced in recent years, but as the terms of these agreements come to an end, investment in thermal generation is set to fall after 2020. At the same time, taking into account the amount of generating equipment from thermal power plants which has low technical and economic ratings and is set to be decommissioned in accordance with programme documents for the long-term development of RAO UES, even in the ‘measured’ scenario of increased demand for capacity, reductions in the installed capacity of operational power plants will require that they be outfitted with new generating capacity. In order to achieve sustainable development in the energy sector, market mechanisms must be created to support the modernization of existing and the construction of new generating capacity. In this connection, the question of possible forms and sources of funding for modernizing thermal generation in the medium term takes on a special significance. What are the potential mechanisms for financing modernization (extending the programme of agreements to provide capacity, implementing a new guaranteed investment mechanism, improving the principles of competitive capacity selection, or some other option?) What kind of generation should we be focusing on: generating electricity and thermal energy using combined heat and power plants, or prioritizing the development of electricity production using major power stations (GRES)? Where is the balance between consumer interests and those of producers of electricity and capacity? What is the optimal balance between domestic and imported equipment when it comes to modernizing thermal generation, and what are the potential capabilities of Russian power engineering with regard to meeting the growing demand for power engineering products?

Russian Energy Week
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