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 7, 2004

RAO UES enterprises hold over 5,300 competitive procurement tenders valued at RUB39.4bn in H1 2004

Moscow, 7 September 2004. In the first half of 2004, the companies of RAO "UES of Russia" held over 5,300 competitive tenders to procure goods, works, and services valued at RUB39.4 billion. Procurement of goods and services on a competitive basis made it possible for the Holding Company's entities to save about 15%.

RAO "UES of Russia" started to form the system of competitive procurement of goods, works, and services in 1999. The system seeks to improve the manageability of cash flows, enhance transparency of spending, and reduce energy companies' variable expenses. The number of deals made by RAO "UES of Russia" and its SDCs using tendering procedures is growing every year. In the first 6 months of 2004, the number of competitive tenders exceeded the year-end results of 2003 by 1.5 times. The key avenues of development of competitive procurement are fuel supply to regional energos and AO-power plants, energy repairs, construction, and modernization of energy facilities.

One of the biggest tenders held in 2004 was the tender to select a company to modernize steam turbines for OAO Kostromskaya TPP. The contract was awarded to OAO Power Machines. In September 2004, RAO "UES of Russia" announced a tender for the supply of gas supply equipment for the Kaliningradskaya CHPP-2, which is now under construction. The purpose of this tenders is not only to purchase the most advanced and efficient equipment for the power plant and shorten the period needed to commission the project, but also cut the equipment procurement costs.

One of the principal areas of development of the competitive procurement system at RAO "UES of Russia" is expansion of e-business systems. Today, the major e-trading systems of RAO "UES of Russia" are TZS-Elektra.ru and B2B-energo.ru. In H1 2004, RAO "UES of Russia" entities made 1,466 deals valued at RUB 3.1 billion via the e-trading systems. The value of purchases made through the e-business systems is three times the figure for the whole of 2003.

Some companies of RAO UES Holding Company procure over 50% of all goods, works, and services through e-trading systems. These entities include the Verkhne-Volzhsky HPP Cascade, Nizhegorodskaya HPP, Ryazanskaya TPP, OAO Saratovenergo, OAO Stavropolenergo, and some other. Practice suggests that the use of e-business systems increases the objective and transparent character of the market while significantly reducing the time it takes to find the necessary goods and services. It also helps reduce the procurement costs, which creates conditions for limiting the growth of electricity and heat tariffs for end consumers.

 

 

 

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