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Industry News
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27.04.2007
Russian President Orders Tough Control in Power Industry, Official Opines
The president of Russia in his address to the Federal Assembly set the task of ensuring tough control in the power industry, Konstantin Pulikovskii, director of the Federal Service for Environmental, Technological and Nuclear Supervision (Rostekhnadzor), said.
24.04.2007
Enel Confirms Interest in WGC-5, WGC-4
Italy's Enel has confirmed its interest in participating in the capital of two Russian wholesale generating companies, WGC-4 and WGC-5. "We are currently considering investment in WGC-5 and WGC-4," Andrea Brentan, Enel's Head of Business Development – International Division, said at the Russian Economic Forum in London.
23.04.2007
Atomstroyexport: Additional Funds Required to Accelerate Busher NPP Construction in Iran
Additional funds are required to accelerate construction of the nuclear power plant (NPP) in Iran’s Busher, Irina Yesipova, representative of Russia’s CJSC Atomstroyexport said in an interview for Iranian news agency IRNA.
23.04.2007
RAO UES to Get At Least USD 350 Million from Sale of ESCs
RAO UES of Russia will fetch no less than USD 350 million from sale of all its stakes in electricity-selling companies (ESCs), Finam Investment Group senior strategist Semen Birg said on air of RBC TV-channel.
19.04.2007
Power Generation in Russia to Rise 1.9% to 1,010.6Bn kWh in 2007, Economic Development Ministry Estimates
Power generation in Russia will grow 1.9 per cent to 1,010.6 billion kWh in 2007, according to the forecast of Russia's socio-economic development in 2008 published by the Economic Development and Trade Ministry of the Russian Federation, estimated parameters for the period to 2010 and maximum levels of prices /tariffs/ for products /services/ of natural monopolies.
19.04.2007
Govt Willing to Sell Russia’s Largest Generating Facilities Contractor
Russia’s government is going to sell Tekhpromexport, a major state-owned company that constructs generating facilities, in 2008. The company’s management notes, however, that Tekhpromexport was entered on the privatization list in the run-up to its IPO in London in 2008. Tekhpromexport still has to double its cost before going public.
18.04.2007
Vice-Premier Medvedev: RAO UES Restructuring Scheme Respects Interests of All Shareholders Including Gazprom
Restructuring of RAO UES respects the interests of all shareholders and allows Gazprom to accumulate necessary energy assets, Russia’s First Vice-Premier Dmitry Medvedev told journalists.
17.04.2007
RAO UES Makes List of 12 Selling Companies for Second Wave of Sales
The management of RAO UES of Russia has made a list of 12 selling companies whose shares owned by the energy holding company it may dispose of "in the second place", i.e. after the first auctions scheduled for 22-23 May.
17.04.2007
Fortum May Lose Blocking Stake in Lenenergo
According to an information memorandum for the third bonded debt of OJSC Lenenergo (the North-Western regional power grid company) released yesterday, the company intends to issue additional shares in favor of St.-Petersburg in the fourth quarter of 2007.
16.04.2007
Russia Begins Construction of a Series of Floating Atomic Power Stations – Head of Rosatom
Russia has begun construction work on a series of floating atomic power stations, according to the Head of Rosatom, Sergei Kirienko. The statement was made at the official ceremony to celebrate the building of the first floating atomic power station in Severodvinsk.
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