Foreign direct investment funds will come with their investment in the Russian power industry in several years, said Deutsche Bank managing director Mikhail Butrin at the investment forum in Sochi. "Direct investment funds are turning their attention to the Russian market. They are so far doing it slowly and carefully, but they are already doing it," he said. Major Western funds manage amounts of up to $100 billion, and power is among their priorities, noted Mr Butrin. He thinks that "they will arrive when all the twenty wholesale and territorial generation companies become private, and after the market will have functioned without much trouble for two or three years". Funds will choose those companies which have been able to realise all Russian power market advantages with the best efficiency, the Deutsche Bank representative believes. |
