Belarus is going to offer energy sector investors substantial tax preferences, First Vice Premier Vladimir Semashko said during the plenary session of the 4th International Investment Forum in Mogilev.
In his words, the government is working on two bills in the sphere of energy generation that are expected to encourage investments in the power engineering industry.
The bills will establish a preferential tax regime for a period of 7 years, he specified.
Since the energy sector is no longer the monopoly of the state, the government will welcome private investors both in small-scale and in large-scale energy projects, Semashko noted.
In his words, Belarus is planning to invest around $40 billion in the energy sector in the coming few years, without taking into account the construction of a nuclear power plant.