Billionaire Timchenko to Build 2 Coal Terminals in Far East

MOSCOW, April 26 (RIA Novosti) – Billionaire Gennady Timchenko said on Friday he is planning to build two coal terminals in Russia’s Far East.

“Coal terminals are what we really need in the Far East right now,” the energy tycoon told the Prime news agency.

He said he would not enter the venture alone, but did not identify his partners.

Timchenko earlier announced plans to build a coal terminal in Murmansk, in Russia’s northwest, but that project has yet to be implemented.

The Armenian-born energy trader, 60, was ranked eighth on the latest Forbes list of Russian billionaires last week, with an estimated fortune of $14.1 billion.


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