RAO UES head comments on energy reforms
RosBusinessConsulting. Wednesday, Jun. 30, 2004, 12:58 PM Moscow Time
"We should not abandon the core targets of the energy reforms," RAO UES head Anatoly Chibais announced at a briefing before the annual general shareholder meeting. According to Chibais, RAO UES management is going to cooperate with the Russian government to go on with the reforms. He stressed that it was possible to change the methods of implementing energy reforms and their terms, but it was impossible to abandon their main targets. The energy reforms are covered by the number of laws. RAO UES head believes that the core target of the energy reforms is to enhance the state's control in the monopolized sector of electrical energy market(the Federal Network Company and the System Operator) and to hand a number of energy generating assets to private enterprises. Chibais stressed he did not foresee any revolutionary changes in the board of directors of the company. He hopes the state will retain its 10 positions on the 15-member board of directors.
