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Industry News
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11.07.2007 Gazprom to Keep Lithuania Warm
OJSC Gazprom plans to construct a new power plant in Lithuania based on Kaunas Heat Power Plant already owned by the monopoly. The project costs are estimated at USD 325-420 million. The new plant scheduled for commissioning in 2010 would allow for Gazprom’s expansion into the European electric power market. However, for at least the first five years the HPP will cater for Lithuania’s needs, since a power shortage is expected in the country until 2015.
10.07.2007 Power Plants’ Storage Capacity
RAO UES of Russia CEO Anatoly Chubais will today lay the foundation stone in the construction of Zagorsk PSPP-2, Russia’s third pumped storage power plant. Though officially the plant will be a separate legal entity, this project has so far been specifically referred to as the second stage of existing Zagorsk PSPP. Since Gazprom, which already owns some 30% of the shares, intends to gain control of the plant, the question of whether it is going to participate in the construction of PSPP-2 is quite vital. The concern offers no definite answer to this question.
10.07.2007 Russia’s Power Exports Decline 15.2% to 6.427 Billion kW/h in January-May
Russia’s power exports declined in January-May, 2007 from 7.578 billion kW/h to 6.427 billion kW/h, or 15.2% as compared with the similar period of 2006, reports the Federal Customs Service.
09.07.2007 Anatoly Chubais: Participation of Japanese, Kazakh, Czech Companies in Russia’s Power Industry Possible
"I will not be surprised if companies from Japan, Kazakhstan and Czech Republic participate in Russia’s power industry", Chairman of the Management Board of RAO UES of Russia Anatoly Chubais said today on Vesti TV Channel.
06.07.2007 RAO UES Head Guarantees Reliable Power Supply to Olympics 2014
Reliable power supply to the City of Winter Olympics 2014 is guaranteed through the use of state-of-the-art facilities developed by both Russian and foreign companies, Anatoly Chubais, head of RAO UES, was reported as quoting in a statement published on Thursday.
05.07.2007 WGC-2 to Start Placing Its Debut Bonds Worth RUR5Bn
MOSCOW, 5 July - RIA Novosti. OJSC Second Generating Company of the Wholesale Power Market (WGC-2) will start placing its first series bonds worth 5 billion roubles on CJSC Moscow Interbank Currency Exchange, according to a press release of the stock exchange.
05.07.2007 Shares of Volga TGC (TGC-7) to Appear on Exchanges in August
MOSCOW, 5 July (Reuters) - Shares of Volga Territorial Generating Company (TGC-7) will appear on Russian exchanges as non-listed stock in August, according to a press release of the company.
04.07.2007 Putin Announces Russia's Interest in Cooperation with Guatemala in Power Industry
Russia is considering the possibility for its energy and electric power companies to run business in Guatemala, said Russian President Vladimir Putin.
02.07.2007 OJSC WGC-6's Annual Meeting of Shareholders Elects New Board of Directors
The annual meeting of shareholders of OJSC Wholesale Generating Company No 6 (WGC-6) on 29 June, 2007, passed a decision to re-elect the Board of Directors of the company numbering 11 persons.
02.07.2007 TGC-5 to Hold Additional Issue of 1m Shares to Effect Merger of TGC-5 Holding Company Spun Off by RAO UES
The Board of Directors of OJSC Territorial Generating Company No 5 (TGC-5) has approved decisions on the additional issue of 1 million shares with a face value of 0.01 roubles to be floated by conversion into them of ordinary and preferred shares of OJSC TGC-5 Holding Company, the media relations department of the company reports.
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