E.ON Russia Investment Not to Exceed EUR 450 Million by 2014

November 22, 2013

E.ON Russia investment will reach some EUR 450mn in 2013-14, director-general Maksim Shirokov told the forum ENES-2013.

“The investment program totals some EUR 900mn now. About half has been spent. About half remains for the end of this year and next year”, said Shirokov.

He added that no more investment is planned. “We are currently not discussing any new investment in principle”, he said, adding that the investment climate in Russia is not favorable so the company is not going to take risks.

Copyright: OilNews.kz, 2013