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Half of the residential buildings in Abakan, the capital of the Khakassia region where the plant is located, were left without power. Residents were stocking up on basic supplies and gasoline, Mayor Nikolai Bulakin said on Ekho Moskvy radio. Abakan, home to 160,000 people, is located 110 miles (180 kilometers) north of the plant. Power shortages also were reported in the Tomsk and Kemerovo regions. It was not immediately clear how many people were potentially affected by the accident. The plant satisfies 10 percent of Siberia's energy needs, according to Russian media reports. The Sayano-Shushenskaya plant was working at record capacity in June and July due to high water levels in the river, RusHydro reported last week. The plant went into operation in 1978. Aging infrastructure has long been regarded as a key obstacle to Russia's development. Analysts have warned that Russia needs to boost its power production significantly to meet the growing demand of industrial producers or it would face regular power shortages in the next several years. Monday's accident put these plans in jeopardy. RusHydro's stocks were down more than 7 percent on the MICEX on Monday morning before the stock exchange suspended trading for its shares.
[Associated
Press;
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