RAO UES To Privatize Bulgarian Power Plant

RAO UES TO PRIVATIZE BULGARIAN POWER PLANT

RIA Novosti, Russia

2005-04-05 12:46

MOSCOW, APRIL 5, (RIA Novosti) – The RAO UES (Unified Energy Systems)
power grid plans to take part in the privatization of Bulgaria’s Varna
thermal power plant and to establish a Russian-Kazakh joint venture
on the basis of the Ekibastuz state district power plant. RAO UES
board member Sergei Dubinin announced this today.

Addressing a conference entitled “Russian Investors are the Future of
Russia’s Economy” (that was organized by the association of managers),
Dubinin also said that RAO UES and Gazprom had drafted their joint
proposal this year on completing five power units at Armenia’s Razdan
thermal power station.

Moreover, Russia had exported 19.150 billion kWt/hr of electricity
to China, Poland, Romania, Moldova and Norway in 2004, Dubinin
added. Electricity imports totaled 11.566 billion kWt/hr last year
(Kazakhstan, Ukraine and Lithuania).

Foreign investors perceive the Russian economy as quite attractive
during the current RAO UES reform, Dubinin stressed. In his words, RAO
UES hopes that Russia will establish a power-market mechanism by 2009.