The restructuring of Unified Energy Systems (UES) of Russia corporation will result in establishing three investment zones within the Russian energy industry, Deputy Chairman of the RAO UES Executive Board Valentin Zavadnikov told reporters today.
Published:
6 April 2000 y., Thursday
According to him, now investors will be able to choose the particular place for investment. Firstly, there will be a state controlled network company that will manage power lines. The state will limit the profitability but will guarantee a certain degree of security for investors. Secondly, there can be investments in sales, where the capital circulation is fast, but excess profits are unlikely. The third option is to invest in the development of generation capacity. Such investments are long-term but more profitable. Zavadnokov emphasized that Russia was able to compete with Western countries in the energy industry, because the worldwide demonopolization of the energy industry had begun not more than three years ago. At the same time Zavadnikov pointed out that the surface attractiveness and cheapness of the RAO UES restructuring program implied important limitations, and that is why cooperation with foreign investors will be established on the basis of tenders, which will be announced in due time.
Šaltinis:
RBC
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