Managing Partner of VEGAS LEX Alexander Sitnikov has
spoken at the Russian Business Week about Special Investment Contracts as an
additional mechanism for the energy sector to introduce the best available technologies.

On March
15, 2017, VEGAS LEX helped organize the conference, Transition to Best Available Technologies in Energy: Government and
Business Challenges, held as part of the Russian Business Week; Managing
Partner Alexander Sitnikov spoke at the event.

Mr. Sitnikov
noted that when introducing the best available technologies (BAT) in the energy
sector, attention needs to be paid to Special Investment Contract (SIC) tool and
the positive experience of its implementation in Russia. The expert explained what
the SIC is, what steps companies need to take to conclude it, listed the opportunities
that the SIC gives to an investor, and the problems facing those who opt for
using this tool.

In his
opinion, the SIC will solve the problems in the transition to BAT, will help balance
the volume of investments with the quality of technologies, which are closely
interrelated. The special contract also involves benefits that the government state
can provide to enable the company, firstly, to improve project performance indicators
and payback, secondly, to reduce risks and, thirdly, to synchronize the work on
the transition to BAT and the use of equipment supplied by Russian manufacturers,
including local production of components.

The
conference was also attended by representatives of the State Duma, the Energy Ministry,
the Ministry of Industry and Trade, the Council of Energy Producers Association,
BAT Bureau, Moek, Lukoil, Siberian Generating Company, Irkutskenergo, Gazprom
Neft, Regional Union of Industrialists and Entrepreneurs of the Pskov Region and
others.

***

Organizers
of the conference: Committee on Energy Policy and Energy Efficiency, the
Council of Energy Producers Association.

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services to the energy sector, please go here.

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environmental projects, please go here.

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