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Industry News
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31.08.2007
European Commission Has No Plans to Introduce Restrictive Measures Against Russian Energy Companies
The European Commission has no plans to introduce special restrictive measures against Russian energy companies, a source in the European Commission told ITAR-TASS, commenting on today’s publication in the Financial Times.
31.08.2007
Europe Builds Wall – Scandal
Russian companies intending to buy energy assets in the EU countries will apparently soon face new difficulties and demands.
30.08.2007
RAO UES Elects Otkrytie LLC, CJSC Raiffeisenbank Austria to Advise on Shaping New IDGC Configuration
RAO UES of Russia has summarised competitive procedures for selecting an adviser to provide services for supervising the process of shaping the new configuration of interregional distribution grid companies /IDGCs/. An alliance of Otkrytie Financial Corporation LLC and CJSC Raiffeisenbank Austria has been recognised as the winner
30.08.2007
RAO UES of Russia to Produce 151.4Bn kWh in 3Q 2007
RAO UES of Russia power plants are to generate 151.4 billion kWh of power and ship 55.7 billion kWh of heat in the third quarter of 2007
28.08.2007
RAO UES Sales Companies Being Stripped of Guaranteed Revenues
A public tender for selecting the power supplier of last resort has been summarised in the Leningrad Region. The winner was RKS-energo. RAO UES of Russia-controlled St Petersburg Sales Company (SPSC) which lost the tender decided to dispute the same already when it was announced and filed a corresponding lawsuit to the Court of Arbitration of St Petersburg and the Leningrad Region.
28.08.2007
Gazprom, SUEK, Norilsk Nickel Undertake to Support Decisions on RAO UES Reorganisation, WGC/TGC Additional Issues
The RAO UES of Russia board of directors has approved an agreement with OJSC Norilsk Nickel Mining and Metallurgical Company which owns 3.5% of the authorised capital of the power holding company under which Norilsk Nickel undertakes a number of obligations related to the RAO UES reorganisation.
28.08.2007
Enel Allowed to Take All of WGC-5
The Federal Antimonopoly Service (FAS) has granted Italy’s Enel permission to buy 70% of shares of OJSC Fifth Generating Company of the Wholesale Power Market (WGC-5). Thus, since it already possesses almost 30% of WGC-5 shares, Enel will be able to become the sole owner of the generating company. Investors have got inspired by Enel’s intentions: WGC-5 share quotations grew 11% on Friday.
24.08.2007
RAO UES Reorganisation Worries Investors
The process of the reorganisation of RAO UES of Russia may entail risks for investors – this is the warning that a number of investment companies have communicated to the Moscow Interbank Currency Exchange (MICEX) stock exchange.
23.08.2007
RAO UES Explains Why It Can Only Give Indicative Deadline for Its First Reorganisation Stage
RAO UES of Russia expects the first stage of the holding company’s reorganisation, namely the divestiture of Wholesale Generating Company No 5 (WGC-5) and Territorial Generating Company No 5 (TGC-5), to be over on 3-4 September.
21.08.2007
Ministry of Industry and Energy: Power Production in Russia Grows by 0.7% in January-July 2007, Reaches 578.43 bln kWh
The press service of the Ministry of Industry and Energy announced that the production of electric power in Russia in January-July 2007 increased by 0.7% over the same period of 2006 and totaled 578.43 bln kWh.
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