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Industry News
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29.06.2007
INTER RAO UES Annual Meeting of Shareholders Distributes 1.5-Fold Profit, Re-elects Board of Directors
The annual general meeting of shareholders of INTER RAO UES summarised last year's performance of this subsidiary of the Russian electric power monopoly, distributed its increased profits, and re-elected the Board of Directors earlier today.
27.06.2007
Last But One Summer of RAO UES
On Tuesday, for the last but one time, the RAO UES of Russia shareholders gathered in the Town of Zelenograd, already a hometown for them. The purpose of the meeting was to talk in an informal atmosphere, to communicate with the management of the company and to elect the new Board of Directors. The participants in the event were also to vote on the dividends and to implement other formal procedures associated with annual meetings of shareholders.
26.06.2007
Bushehr NPP to Be Commissioned in October, Says Iran’s Energy Minister
Bushehr Nuclear Power Plant will be commissioned in October, Iran’s Energy Minister Parviz Fattah said on Monday.
26.06.2007
Russian Companies Ready to Cooperate with Balkan Partners in Power Industry, Says Putin
Russian companies are ready to cooperate with Balkan partners in the power industry, including on the “Black Sea Electric Power Ring” project, ITAR-TASS quoted Russian President Vladimir Putin as saying at the Balkan Power Summit yesterday.
25.06.2007
Enel Brings Its Stock in WGC-5 to 29.99% by Purchasing 4.96% of Shares for $281m
Italy’s Enel which in early June won an auction for the sale of the 25.03 per cent of RAO UES of Russia-owned shares in OJSC Wholesale Generating Company No 5 (WGC-5) has brought its interest in the generating company to 29.99 per cent.
25.06.2007
Putin Supports Establishment of ‘Black Sea Power Ring’
Russian President Vladimir Putin has come forward in support of implementing a project for the establishment of what is called the “Black Sea Electric Power Ring.”
21.06.2007
Chubais Wants More (RBC Daily, 21 June, 2007)
Anatoly Chubais’s appetites are growing in geometrical progression. Speaking at the International Economic Forum in Montreal yesterday, the RAO UES of Russia head claimed that all Russian generation companies will enter IPO by the middle of 2008 and the placement amount will total $30 billion.
20.06.2007
S&P Report Says Russian Power Market Liberalisation Promises Much Benefit
The liberalisation of the Russian electric power market will bring about considerable benefits, according to a report published by the international rating agency Standard & Poor's. Agency analysts note that the restructuring will make it possible to make the market more profitable, decline regulatory risks, and increase the quality level of loans.
13.06.2007
Chubais Thinks It Reasonable If RAO UES of Russia Reform Results in Foreign Investors Having 2-3 Generating Companies
RAO UES of Russia head Anatoly Chubais thinks it reasonable if two or three out of the 20 generating companies to be spun off from the holding company as a result of its reorganisation become controlled by the best foreign strategic investors.
13.06.2007
Foreign Investors Could Take Part in Large-scale Modernisation of Russian Power Industry, Says Putin
Russian President Vladimir Putin has expressed hope that foreign investors will take part in large-scale modernisation of the Russian power industry.
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