Russia’s Rushydro faces financing hurdles for new Amur hydropower plant

Russian state-controlled power company Rushydro plans to build the 428-megawatt Nizhne-Zeyskaya hydroelectric plant in the Far Eastern Amur region, a project expected to take up to nine years once funding is secured. The station, which is scheduled to begin supplying the wholesale electricity market in 2032, still faces unresolved questions over capital recovery mechanisms and funding for its flood-control reservoir.

The design phase for the plant is scheduled to finish in September 2026, according to Timur Khazikhametov, head of technical regulation at Rushydro, who spoke to the TASS news agency. Construction can begin immediately afterward, provided that a funding agreement is approved. The project is designed to regulate the Zeya River during monsoon seasons, protecting nearby communities from seasonal floods.

The Nizhne-Zeyskaya plant is part of a broader Russian state master plan for electricity generation through 2042, which outlines several other major hydropower developments. Under this national scheme, the government schedules the launch of the Krapivinskaya and Telmamskaya hydropower plants, alongside the Balaklavskaya and Labinskaya pumped-storage stations, for 2031.

The Leningradskaya pumped-storage plant is expected to go online in 2032, followed by the Primorskaya pumped-storage station in 2034. Longer-term state plans include launching the Kankunskaya plant in 2036 and the Nizhne-Nimanskaya facility in 2037.