RUSSIA REFORMS POWER INDUSTRY: CABINET TO DECIDE ON MAMMOTHS BY YEAR'S END
MOSCOW, June 25 (RIA Novosti) - The federal government held conference today on power industrial progress and reforms. Prime Minister Mikhail Fradkov addressed the gathering.
The Cabinet has scheduled reform analyses for the year's end. It will blueprint further steps for closer compliance with related laws, and decide on practical patterns to cluster in the big power generating companies, he said.
Effective bylaws are to underlie the reform. The package needs final brushstrokes-an essential task. The government will weigh all the reform pros and cons, take stock of prospective hazards, and estimate the tentative social, economic and financial reform impact. All that will promote sound decisions on corporate mammoths and other aspects of the reform.
In another address, following the conference, the Premier highlighted close public attention to mammoths' future. Available decisions are conceptual and concern many Russian regions, where thermal power stations are situated, to say nothing of United Russian Power Grid Co. stockholders, and all electricity consumers-in fact, the entire nation.
Capital investors have every ground for concern-upcoming reform moves will largely determine their economic strategies.
It is up to the Cabinet now to face the public with explicit replies to a huge range of questions on the power industrial reform, said Mr. Fradkov.
