The Russian power sector will not be able to satisfy demand by the end of the decade if it doesn’t attract extensive private, external investment. For Russia, the time is now, writes Jim Balaschak, Deloitte Russia/CIS E&R leader, in Electric Perspectives magazine.

Russia, the largest country in the world with 10.6 million square miles (almost twice the size of the U.S.), has persevered over the last 100 years through political and social upheaval, sustained by its vast natural resources and strategic location between the Far East and Europe. Russia is now solidifying its place among the economic elite, and fueling this change of fortune is the rising price of fossil energy sources and Russia’s substantial reserves.

Read more in the attached article, which originally appeared in the July/August 2007 issue of Electric Perspectives.