Russian Grid Boosts Spending to Promote Smart Grids, Chair Says
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Federal Grid Co., Russia’s state monopoly for high-voltage power transmission, will spend $116 million this year on research and development, according to Chairman Ernesto Ferlenghi.
The company is boosting spending to explore environmental developments including smart meters and grids, he said in an interview in London today. In 2008 the transmission operator spent $3 million on research and development, he said.