RosBusinessConsulting Database
November 18, 2004 Thursday 10:24 am, EST

Energy Minister comments on energy reforms

The issue of handing control over assets of RAO UES to the Federal
Network Company will be solved after the plan for liberalizing the
market for electrical energy is clear, Russian Energy Minister Viktor
Khristenko told journalists. According to him, the future of foreign
assets of RAO UES is not clear as yet. Currently RAO UES subsidiary
Inter RAO UES controls operations of the holding related to imports
or exports. The company may be restructured into a subsidiary of the
Federal Network Company.

RAO UES owns Armenian and Georgian assets and plans to acquire energy
companies in Tajikistan and Kyrgyzstan.