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Industry News
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18.12.2006 RAO UES of Russia to Enlist Private Business for Construction of Small Hydropower Plants in Southern Federal District
RAO UES of Russia intends to complete development of seven projects on construction of small hydropower plants in Karachaevo-Cherkessia and submit them for consideration of private businessmen by the end of March, 2007, the energy holding company’s CEO, Anatoly Chubais told reporters.
15.12.2006 Government Approves Progress in Reforming Russia's Electric Power Industry
The Government is content with the progress in reforming Russia's electric power industry. This opinion was expressed on December 14 at a meeting of the Cabinet of Ministers.
15.12.2006 Private Investment Required to Develop Russia's Power Sector, Experts Believe
Currently Russia's power industry suffers not from shortage of energy but from shortage of power during peak hours in low-temperature periods, Vladimir Khlebnikov, Director General of OGC-1, said in a program broadcast live by RBC TV.
14.12.2006 Khristenko: Russian Power Distribution Grids Not to Be Managed by Foreign Companies
Russian power distribution grids will never fall into the hands of foreign businessmen, said the Russian Minister of Industry and Energy, Viktor Khristenko, speaking at the State Duma.
14.12.2006 Transition Period in Reforming Russia's Power Industry to Be Completed in Q2 and Q3 2008
The transition period in reforming Russia's power industry will be completed in Q2 and Q3 2008; the extraordinary meeting of RAO UES shareholders devoted to the company's reorganization is to be held in Q3 2007.
14.12.2006 Khristenko: 836.7 MW New Power Capacities to be Commissioned Before the End of the Year
Before the end of the year 836.7 MW of new power capacities is to be commissioned, said Viktor Khristenko, Russian Minister of Industry and Energy, at the State Duma session. According to Khristenko, “from January to December 2006 power production in Russia has increased by 5.1 percent as compared to the same period last year.”
13.12.2006 Method to Sell Inter RAO UES to Be Determined by Late February 2007 – Chubais
The method to sell Inter RAO UES will be determined by the end of February 2007, RAO UES of Russia head Anatoly Chubais said earlier today. The subject is being actively discussed with shareholders, according to him, and a choice of options is being considered, from direct sale to distributing these assets among shareholders.
13.12.2006 RAO UES to Announce Details of Increasing Its Five-year Investment Programme before February 2007
By the end of February 2007, RAO UES of Russia will announce the details of increasing its five-year investment programme, the holding company's leader Anatoly Chubais told journalists. At the moment, the investment programme amounts to $81 billion.
12.12.2006 E.ON Goes as Far as Nizhnevartovsk GRES
Representatives of the German company E.ON yesterday arrived in Nizhnevartovsk to inspect the construction site of the third power unit of Nizhnevartovsk State District Power Plant GRES. E.ON would like to participate in the construction, according to Kommersant's information.
12.12.2006 RAO UES Investment Commission to Have New Functions, New Head
Last Friday, the RAO UES of Russia Board of Directors decided to expand the powers of the Investment Commission by including resource obtainment matters in its jurisdiction and modifying the name of the commission accordingly.
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