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"Norilsk Nickel" will build power transmission lines

17 November 2014

To start Bystrinsky GOK in the Trans-Baikal region in 2017 Mining and Metallurgical Company «Norilsk Nickel» is ready to invest their own money in the construction of power lines. The cost of construction will be about $ 7 billion. RUB, after completion of the work it is ready to redeem Federal Grid Company, which is not able to organize the construction of the transmission line, given the limitations of tariffs. However, analysts said the new line to recoup only Bystrinsky GOK forces will be quite difficult, so that will be involved, and other consumers.

Preliminary discussion on construction work in the field of copper in Transbaikalia conducted between Vladimir Putin and CEO — and at the same time co-owner — the company Vladimir Potanin. In particular, as reported by the presidential press service, the discussion touched the creation of the project infrastructure. The company on its part has invested in project and infrastructure 16 billion RUB in equal shares, planning to launch GOK in 2017, however, when this question is still here to connect to the power grid -. The obligation previously assumed FGC, but due to a reduction of investment program for its help can not count. According to Vladimir Potanin, «Norilsk Nickel» is ready to build their own transmission lines, and then prefers to commit an act of transferring it to FGC. The proposed idea has been approved by the Russian President, Vladimir Putin also assured that subsequently FGC gradually pay off this infrastructure.

Bystrinskoye field — a very tasty morsel, comprising assets 294 million tons of ore, including gold, silver, iron, and 2 million tons of copper… After starting GOK its annual revenues, according to preliminary estimates will amount to 0.9−1.2 billion USD, profitability EBITDA -. About 50%, the investment will amount to 1.1 billion up to 2017 USD, while the ranks of investors can enter the Chinese. entrepreneurs and Vnesheconombank.

According to preliminary estimates, the cost of transmission lines will be 7 billion. RUB, while from the FGC investment under the investment program, developed until 2019, will amount to only 2.4 billion. RUB for 2017 fully redeem the same transmission line FGC can only after its launch, the conditions continue to be negotiated. According to preliminary estimates for bringing power lines to Bystrinsky field must be of the order of 200 million. USD.

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