Moscow. 12 August 2004. Effective today, RAO "UES of Russia" resumes electricity exports to the Republic of Belarus. A contract to that effect has been signed by ZAO "INTER RAO UES"* and Belarus State Energy Company "Belenergo".
Under the contract, 2.5 bln. KWh of Russian electricity will be supplied to Belarus by 1 January 2005.
Over the past few years, Belarus was a major importer of Russian electricity. The supplies of Russian electricity to this Republic in 2000-2003 averaged 3-5 billion kWh annually.
Since the beginning of 2004, the electricity exports to Belarus by RAO "UES of Russia" was suspended, as the parties failed to agree on the financial terms of the supplies. RAO "UES of Russia" had to declare an increase in the electricity price for Belarus effective 1 January 2004 due to the fact that the Federal Tariffs Service raised the network tariff for transmission of electricity for export purposes.
* 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".
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