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Energy and utilities
The Energy sector plays a pivotal role in economic and social development by supplying what might be described as the “flow of blood” to production and transportation systems. Its main objective is to ensure the reliable, affordable and clean energy needed by modern societies, thus contributing to well-being and prosperity around the globe.
The Energy sector involves the generation, transmission and distribution of electricity derived from a variety of sources, including fossil fuels, nuclear power and renewable sources. It also inclu🉐des activities concerned with fue🌃ls themselves, which extend along the entire value chain, such as oil and gas extraction and transportation, coal mining, refining of petroleum products, and wholesaling and retailing of fuels.
Much like the rest of the world, the countries from Emerging Europe* are increasingly turning towards renewable energy (RE) to diversify their energy mix, reduce greenhouse emissions, and thus achieve a sustainable economic growth m♍odel. ...
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The abundance of low-cost fossil fuels has predefined the low uptake of renewable energy resources and the strong🧔 presence of oil, natural gas and coal in Russia’s power generation mix. Furthermore, of the nearly 55 GW total RE ...
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Russia is one of the top producers and co꧅nsumers of electric power in the world. The country has rich gas, oil, and coal reserves, and most electricity is generated by thermal power plants, although nuclear and hydropower also provide a ...
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The Russian electric power sector contributes an approximate 2.5% share to the economy in terms of nominal GVA and provides jobs to about🥃 2.5% of the country’s workforc🌳e. Russia relies on thermal power sources to generate most of its ...
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T💖he Russian electric power sector is of strategic importance for the government, whic💎h controls key assets in the power system. The sector generated 2.6% of the country’s gross domestic product (GDP) and employed 2.4% of the workforce in 2017. ...
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The electric power industry in Russia generates 3% of the country’s gross domestic product (GDP) and the government s𝓀ees it as a strategically important sector. So, in accordance with the Federal Law, the Russian government controls key assets ...
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