En+ Group would like to abandon three of its 12 thermal power plant modernization projects without penalties, Mikhail Khardikov, the company's head of the energy business, said. We are talking about Irkutskaya CHPP-10, Ust-Ilimskaya CHPP and Avtozavodskaya CHPP. Company applied for tenders for modernization, having commercial offers from manufacturers and understanding the cost of the contract. But in fact the growth of the cost of some projects exceeded 300%. Main reason is the rise in price of equipment and contract works.
En+ Group would like to abandon three of its 12 thermal power plant modernization projects without penalties, Mikhail Khardikov, the company's head of the energy business, said. We are talking about Irkutskaya CHPP-10, Ust-Ilimskaya CHPP and Avtozavodskaya CHPP. Company applied for tenders for modernization, having commercial offers from manufacturers and understanding the cost of the contract. But in fact the growth of the cost of some projects exceeded 300%. Main reason is the rise in price of equipment and contract works. 
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