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Industry News
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21.08.2007
Production of Primary Fuel and Energy Resources in January-July 2007 Increases by 1.7%, Reaches 1.042 bln Tons of Reference Fuel – Ministry of Industry and Energy
The production of primary fuel and energy resources in January-July 2007 increased by 1.7% over the same period of 2006 and totaled 1.042 bln tons of fuel, says the report of the Ministry of Industry and Energy.
21.08.2007
Russia and Australia to Sign Agreement on Peaceful Use of Atomic Power During Mr Putin’s Visit – Rosatom
In the course of the first official visit of Russian President Vladimir Putin to Australia, a bilateral agreement will be signed on the peaceful use of atomic power, ITAR-TASS learned from the Russian Federal Agency for Atomic Power.
20.08.2007
RAO UES Shuffling Projects
RAO UES of Russia intends to amend the investment programme of its subsidiaries to concentrate resources on accelerating the construction of new facilities in territories where there is a deficit of power. The amendments will in the first instance concern the commissioning of new power units at Perm State District Power Plant (GRES) of Wholesale Generation Company No. 1 (WGC-1), as RBC Daily came to learn. Also, the use of the resources of WGC-5’s Konakovo GRES investment project will allow accelerating the implementation of the Reftinskii GRES construction project.
17.08.2007
Rosstat: 579 bln kWh of Energy Produced in Russia in January-July 2007 – 0.8% Increase Over January-July 2006
According to the Federal State Statistics Service, in January-July 2007 579 bln kWh of energy was produced in Russia – an increase of more than 0.8% over January-July 2006.
16.08.2007
E.ON Considers Transferring Shares in British Power Plants to Gazprom
The German power concern E.ON is looking at the possibility to transfer to Gazprom its shares in British gas power plants as part of an assets exchange transaction.
15.08.2007
RAO UES Increases Net Profit in First Half-Year by over 30%
The net profit of RAO UES of Russia for the first half of 2007 increased by 36.6% versus the same period of last year and amounted to almost 16.8 billion roubles, says the company’s report.
15.08.2007
TSA Plans to Attract Large Bank to Service Settlements in Wholesale Energy Market
Non-commercial partnership Trade System Administrator (TSA) plans to attract one of the largest Russian banks to conduct settlement operations between participants of the wholesale energy market.
14.08.2007
Average Price in European Russia’s Power Market Grows by 1/3 within One Week due to Repairs
The average competitive purchase price of electric power in the wholesale power market in European Russia and the Urals (the first price zone) grew by 31.1% to 841.18 roubles per MWh within one week (from 6 to 12 August), according to an analytical report of the non-profit-making partnership Trading System Administrator (TSA).
14.08.2007
Generating Companies in Search of Spending Sources
RAO UES of Russia subsidiaries are gradually choosing technical agents that will supervise the implementation of WGC and TGC investment programmes. On Friday, OJSC First Generating Company of the Wholesale Power Market (WGC-1) approved OJSC Zarubezhenergoproekt as its technical agent. An independent technical agent is quite costly for generating companies. Its fee may reach as high as 1% of the total amount of an investment programme.
09.08.2007
Gazprom to Illuminate England. Monopoly Has Something to Exchange for E.On’s Shareholding in UK Power Plant
Germany’s E.On may help Gazprom to enter the UK electric power market. For one-fourth of the Yuzhno-Russkoye deposit, E.On may give away to Gazprom not only shares in Hungarian assets, but also a power plant in the United Kingdom.
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