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Belarus prime minister emphasizes need for hydropower project funding

GRODNO OBLAST, Belarus 5/25/12 (PennWell) -- Belarus' efforts to create a national hydropower engineering development program might never come to fruition if the country can't find financiers, according to Prime Minister Mikhail Myasnikovich.

Myasnikovich, speaking to state news service Belarusian Telegraph Agency during an inspection of the 17-MW Grodno hydropower plant earlier this week, says the country must change its investment model to reach its objectives.

"We should use a modern scheme where investors build and then hand it over to the state," Myasnikovich says. "It will considerably ease the burden on a borrower."

Myasnikovich says, however, that the country is in talks with Turkish investors on the construction of two new hydropower facilities in addition to nine already being planned for completion by 2020.

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