Translation. Region: Russian Federation –
Source: Government of the Russian Federation – Government of the Russian Federation –
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Investor investment is essential for the development of the infrastructure and economy of Donbas and Novorossiya. They are building new homes, thereby transforming the appearance of cities, and relaunching businesses, reviving their industrial potential. Many of them take advantage of the benefits and preferences offered by the free economic zone (FEZ). For example, the electric grid company, designated this year by the government as the single system-forming territorial grid organization in the reunified regions, has become a participant in the SEZ, announced Deputy Prime Minister Marat Khusnullin.
"The reliability of the power systems in Donbas and Novorossiya directly impacts the quality of life for the population. Modernizing the power grid infrastructure allows us to improve the energy efficiency of facilities, ensure a stable supply of light and heat to homes, public facilities, and businesses, and, consequently, their stable operation. The new participant in the free economic zone will invest over 7.5 billion rubles in the development of the power industry in the DPR, LPR, and Zaporizhzhia Oblast. At the same time, the project will create jobs for over 9,000 people, including approximately 550 new ones," the Deputy Prime Minister explained.
The Deputy Prime Minister added that the Ministry of Construction has been designated as the authorized body for regulating the free economic zone, and the functions of the management company have been assigned to the Territorial Development Fund, which has since attracted over 400 investors to develop Russia's historical regions, with a stated investment volume exceeding 300 billion rubles.
"When reviewing the organization's application for participation in the SEZ, not only the project's economic feasibility and effectiveness were considered, but also its social component. The stated plans for the reconstruction and modernization of transformer substations and power lines, as well as the acquisition of modern equipment and technology for the electric grid, should significantly improve the quality of services provided by 2029," noted FRT General Director Vasily Kupyzin.
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