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

October 27, 2004

Chairman of the Management Board of RAO "UES of Russia" A. Chubais, Amurskaya Region Governor L. Korotkov discuss increasing efficiency of housing and utilities sector in Blagoveshchensk in 2004/2005 autumn winter period

Moscow. 27 October 2004. During a working meeting in Moscow, the Chairman of the Management Board of RAO "UES of Russia" Anatoly Chubais and Amurskaya Region Governor Leonid Korotkov agreed to make joint efforts to increase the efficiency of the housing and utilities sector in the city of Blagoveshchensk during the 2004/2005 autumn winter period. Currently, the electricity, heating and water supply networks in Blagoveshchensk are operated by OAO "Amurskie Communal Systems" (OAO "ACS"), a subsidiary of OAO "Russian Communal Systems". In the first year of operations of OAO "ACS", the Company is forecast to make a loss in excess of RUB160 million, which complicates the enterprise's financial and business operations and the preparation of the housing and utilities sector in Blagoveshchensk for the autumn-winter peak load.

In order to ensure reliable and uninterrupted power supply to customers in the 2004/2005 winter, the management of RAO "UES of Russia" and the Administration of Amurskaya Region deem it necessary to appoint the Director General of OAO "Amurenergo" Yury Andreyenko as Director General* of OAO "ACS". This decision was based on the need to strengthen the interaction between the regional energo and OAO "ACS" during the winter period, and the success Mr. Andreyenko had in improving the financial and business operations of OAO "Amurenergo". The Chairman of the Management Board of RAO "UES of Russia" Anatoly Chubais commissioned Andreyenko to produce and present, by 1 December 2004, the Business Plan 2005 of OAO "ACS", a cost control programme, and a programme of measures to reduce power losses in the Company's networks.

Anatoly Chubais and Leonid Korotkov agreed that the new CEO of OAO "ACS" is to turn around the Company from the red already in 2005. Governor Korotkov promised that the Administration of Amurskaya Region will render assistance in stabilizing the financial and economic situation at OAO "ACS".

OAO "Amurenergo", OAO "Amurskie Communal Systems", and the Regional Energy Commission for Amurskaya Region are to jointly consider the matter of setting economically sound electricity and heat tariffs for OAO "ACS".


* - Yury Andreyenko will act as Director General in both companies, OAO "Amurenergo" and OAO "ACS".

 

 

 

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