Sustainable modernization of the russian power utilities industry

Abstract

Our paper analyzes the issue of managing structural and technological modernization of the Russian power utilities industry based on the basic criteria of sustainable development. We have chosen coal-fired generation and its defining technologies as the main subject for our analysis. Key points of the Russian power utilities development strategy that has been drawn up to 2030 are compared against the basic principles of sustainable development. Moreover, a mathematical economic model is proposed to justify the choice of coal-fired power plant technology from the standpoint of economic, social, and environmental efficiency.