Russia’s director of energy policy has said that “any crisis is always a time of new opportunities”.

Alexey Kulapin said the difficult times that the economy is experiencing provided an opportunity “to boost the modernization and technology development” of the country’s power sector.POWER-GEN Russia 2015

And he stressed a vital part of this drive would be to boost the number of domestic players in the industry.

Delivering a keynote speech on the opening day of POWER-GEN Russia in Moscow, Kulapin – who is Director of Department of Energy Policy in the Ministry of Energy – said that the power industry was facing a fresh need for “modernization and innovation development”.

“At the moment the Russian energy industry meets new challenges [and] one of the main issues is import substitution.

“The share of foreign technologies in certain industries is up to 100 per cent and our goal is to reduce that and implement our own solutions.”

Dr Heather Johnstone, Event Director of POWER-GEN Russia for PennWell Corporation, said: “In terms of the recent socio-political changes in Russia and across the world, deep and comprehensive modernization is critical for the industry. And we’re not just talking not just about the transition from primary to high-tech industry, the development of innovative technologies.

She added: “What is necessary is not only to develop and implement technology to generate the training of personnel who will work with innovations. On the POWER-GEN Russia platform we want to combine science, technology, developers and manufacturers, creating a harmonious environment for sustainable energy development.”

POWER-GEN Russia, which is co-located with HydroVision Russia, continues today (Wednesday) and tomorrow at Moscow’s Expocentre.