Putin Says RusHydro CEO Must Investigate Missing Funds
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Russia’s President Vladimir Putin said OAO RusHydro, the nation’s biggest renewable energy producer, needs to investigate the disappearance of “billions of rubles” during a construction project in Moscow.
RusHydro’s loss came after the company’s builder for the Zagorskaya pumped-storage hydropower station in the Moscow region hired contractors with no real staff or infrastructure, Putin told RusHydro Chief Executive Officer Yevgeny Dod during an energy commission meeting with industry leaders today outside Moscow. Dod said he was investigating the situation with the Interior Ministry, according to a transcript posted on the website of state television Rossiya 24.