print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Unified Energy System press releases

Unified Energy System

September 22, 2004

ZAO "INTER RAO UES" imports 1 billion kWh of electricity from Kyrgyzstan since beginning of 2004

 

Moscow, 22 September 2004. Since the beginning of 2004, ZAO "INTER RAO UES" has imported 1 billion kWh of electricity generated by the hydroelectric power plants of Kyrgyzstan.

Under the contract between OAO "Elektricheskie Seti" ("Electric Power Grids") of Kyrgyzstan and ZAO "INTER RAO UES", it is planned to supply up to 1.5 billion kWh of electricity from Kyrgyzstan to Russia by the year-end 2004.

Electricity supplies from Kyrgyzstan via Kazakhstan's power transmission grids started in the summer of 2003, after the parties signed a contract for a term of 5 years. In 2003, the electricity supplies from Kyrgyzstan totalled 700 million kWh.

The cooperation of energy industries of the two countries is mutually beneficial. Kyrgyzstan is now able to sell the excess electricity generated by the Republic's hydroelectric power plants. At the same time, the relatively cheap electricity imported from Kyrgyzstan improves the cost balance of Russia's wholesale electricity market. Cooperation of Russia and Kyrgyzstan's major energy companies is a clear evidence of the fact how effective parallel operation of the energy systems of Russia, the CIS countries and the Baltic republics is.

* ZAO "INTER RAO UES" is a subsidiary of RAO "UES of Russia" (60% stake) and Rosenergoatom (40%). The Company performs the functions of an export-import operator for RAO "UES of Russia" Holding Company and State Concern "Rosenergoatom".

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer