Small hydropower in Karelia

The project aims to create new, renewable and environmentally friendly energy sources to efficiently develop the Republic of Kerelia's power system.

RDIF, the Government of the Republic of Karelia, Nord Hydro and China State Energy Engineering Corp. Ltd. (Sinomec), invested in constructing small hydropower plants in Karelia. Under the agreement two small hydropower plants will be constructed. The project aims to create new, renewable and environmentally friendly energy sources to efficiently develop the Republic of Karelia’s power system.

Co-investors

Key facts

  • The project will benefit from state renewable energy support measures (green tariff).
  • Significant pipeline of potential follow-on projects in Russia and other countries.
  • Strong pipeline of small hydropower projects in Russia and other countries.
  • The first project of the New Development Bank (founded by the BRICS countries) in Russia
  • Year of investment: 2015.

Investment strategy

Development of infrastructure
Improving in industrial efficiency