External constraints and systemic problems of the Russian energy sector require structural transformation. Sberbank Deputy Chairman of the Board of Directors Anatoly Popov, at the “Energy of the New Day: Save the Present, Create the Future” business breakfast organized by Sber within the scope of Russian Energy Week, stated that the sector is currently facing six main challenges.
“This is the implementation of investment programs, elimination of capacity shortages, finding a balance between reliability and efficiency of equipment, further integration of market mechanisms, selection of priorities for the development of an effective technology support mechanism and rethinking the issue of optimal distribution. Balancing costs between regulators, producers and consumers,” listed Sber’s senior executive.
Russian Energy Week is considered one of the important international platforms for discussing current issues in the development of the fuel and energy complex, and the business breakfast organized by Sber has become a meeting place for leaders and large consumers of leading participants in the Russian energy sector.
The main challenge under sanctions was ensuring technological sovereignty, as revealed in a survey of business breakfast attendees; Today, both the production and transmission of electricity need import substitution.
In second place in terms of importance was the modernization of the existing infrastructure. Market participants noted the construction of new infrastructure, stopping the increase in electricity tariffs and the transition of energy to low-carbon production as important tasks.
“We understand that the industry will have to implement investment programs in conditions where access to foreign equipment, technology and services is limited,” Popov emphasized.