The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-09-06

over STATIONS. me statement, Wnlcl
bows that the Soviet Union has air
cation. American technique will be
The statement follows:
"Tho in our electric manufacturing
Q have left the pre-war level far be-
ind, we are far behind in develop
lent. The rapid growth of our rural
economy and urban industry makes
Ugh demands and in identification
broad road for cooperation by
american engineers and capital is
lvailabfe. --
Six Regional Stations.
Next year about $5O,0O0,OO0 will
De appropriated by the government
or electrifcation, according to pres
emit plans. Another $5O,OOO,OOO may
be furnished from local and industrial
sources.
"Our identification budget contem-
plates the building of six large re-
fgional stations at points convenient
to Leningrad. Moscow, Nishninov-
gorod, Kiev and other centers. When
I say large l mean stations of from
$4,000 to 10000 kilowatts. At the
new plant near Kiev it is proposed
to use power from the Dnieper cata-
racts. Detailed plans are now in the
hands Of special government com
mittee.
"The next step proposed in the
Dnieper project is to invite American
iydroelectric engineers to act as ex-
iSerts. This project contemplates the
generating of 100000 kilowatts in two
units of 100000 kilowatts each. In
cluded in the Dnieper project is the
building of dams and locks for navi-
cation and the reorganization of the
mining, metallurgieal and chemical
industry in southern Russia. We have
in mind, particularly, the erection of
an immense aluminium factory.
Chance for Outside Capital.
1.-THE cost Of the entire project is
estimated at $1SS,O0O,OOO and the cost
of developing one kilowatt of energy
per hour is estimated at one-sixth of
cent, which is much below the cost
at any station now in operation in
Russia. Our program will be en-
larged to correspond with the actual
needs of the country and the invest
ment of foreign capital.
Foreign capital would find various
ways for profitable investment in the
field of our electric economy-in fur
nishing equipment for electric gene
rating stations on long time credits,
in organizing mixed associations with
American private and Soviet state
capital for building and exploiting
electric generating stations and in or
ganizing similar associations for
ferecting electric stations On FOR man.
, ufacturing equipment.
American Interests Invited.
"Our purpose in endeavoring to at
tract foreign capital into our electric
industry is first, to accelerate our
electrification and, second, to raise
the standard of our technic by adopt
ing American improvements and get
ting the benefit of the experience and
skill of American engineers and build
ers.
american capital by cooperation
can profit as follows: First, the basic
capital of the American electro indus
try will find the vast field for activ-
ity it needs; second, the dividends
in the confessional undertakings, as
well as in the mixed associations.
are due to be considerably above the
dividend rates in the United States
because of the rapid development Of
our industry. The managers of our
state electric trusts will soon begin
negotiations with foreign firms and
if l am not mistaken these negotia-
lions will be with American firms
first.
at may be unnecessary to add that
the chief concession committee on its
part will do everything to facilitate
the operations of American capital
not only in our electrical economy
but in other fields"