Business Watch
Deal could help private energy-service providers to work in Yakutia’s municipal sector
The EBRD will provide up to 3 billion roubles (€75 million) to modernise and increase the energy efficiency of district heating systems in a permafrost area of Far East Russia where the heating season lasts 10 months a year and winter temperatures drop to -50 degrees centigrade for extended periods.
A skyscraper Gazprom Neft, a subsidiary of Gazprom, wants to construct in Saint Petersburg in the face of opposition is set to be built after a key state body approved the plan, reports said Saturday. The design by UK-based international architectural firm RMJM is a 396 metre high twisting, glass needle which echoes the spires across the city of St Petersburg. RMJM beat off five other internationally-renowned architects for the commission to develop proposals for the tower in the historic heart of the city, close to the Bolsheokhtinsky Bridge and Smolny Cathedral but the soaring design created an outcry and opposition even from UNESCO who threatened St. Petersburg's World Heritage site status.
For the first time since the beginning of the economic recession, cement production in Russia boasted a positive growth rate in H1 2010. During the first six months Russian cement plants produced 21.4 million tonnes of cement, 10.9% more than during the equivalent period of 2009 (19.35 million tonnes), according to the Rosstat data. However, the Russian cement industry has not yet reached the indicators witnessed before the recession. It is forecast that by the end of 2010 overall cement production in Russia will reach 49 million tonnes, a 10-15% year-on-year increase.
Cement prices in Russia have also increased slightly. At present, in August, one tonne of cement costs about RUB 3,000 -3,500 (€76-89), with the lowest price of RUB 2,500 (€63) was recorded in February-March 2010.


