The digital transformation of the Russian economy has been identified as one of the key themes of a major economic forum, with energy singled out for attention.

At the XV Krasnoyarsk Economic Forum themed ‘Russia 2018-2014, ‘Reaching the Potential’, Alexey Texler, 1st deputy Minister of Energy speaking at the round table ‘Digitalization: modern challenges for the development of energy industry’ noted that digitalization generates advantages for all the market players, as energy companies could optimize operating costs, enhance productivity, develop services and reduce costs.
Dmitry Medvedev
Digitalization will increase security of energy supply, ensure sustainability of the energy network and create a competitive digital market, Texler said. It will also benefit customers, raising their awareness and providing transparency of all the processes.

The Russian government is set to play a key role in the context of digitalization, ensuring cybersecurity of integrated solutions and providing legal framework for the process.

Meanwhile Prime Minister of the Russian Federation Dmitry Medvedev held a meeting on the creation of a digital network in Russia by the end of 2030. The move is motivated by the pursuance of the President of the Russian Federation Vladimir Putin’s order on the transfer of ‘Russia’s power industry to the digital operating mode.’

In order to implement this initiative, a joint Rostec State Corporation – PJSC ROSSETI ventures partnership is set to be developed of the necessary conditions for building of a “smart” power grid complex in Russia.