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RAO UES To Privatize Bulgarian Power Plant

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  • RAO UES To Privatize Bulgarian Power Plant

    RAO UES TO PRIVATIZE BULGARIAN POWER PLANT

    RIA Novosti, Russia

    2005-04-05 12:46

    MOSCOW, APRIL 5, (RIA Novosti) - The RAO UES (Unified Energy Systems)
    power grid plans to take part in the privatization of Bulgaria's Varna
    thermal power plant and to establish a Russian-Kazakh joint venture
    on the basis of the Ekibastuz state district power plant. RAO UES
    board member Sergei Dubinin announced this today.

    Addressing a conference entitled "Russian Investors are the Future of
    Russia's Economy" (that was organized by the association of managers),
    Dubinin also said that RAO UES and Gazprom had drafted their joint
    proposal this year on completing five power units at Armenia's Razdan
    thermal power station.

    Moreover, Russia had exported 19.150 billion kWt/hr of electricity
    to China, Poland, Romania, Moldova and Norway in 2004, Dubinin
    added. Electricity imports totaled 11.566 billion kWt/hr last year
    (Kazakhstan, Ukraine and Lithuania).

    Foreign investors perceive the Russian economy as quite attractive
    during the current RAO UES reform, Dubinin stressed. In his words, RAO
    UES hopes that Russia will establish a power-market mechanism by 2009.
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