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MOSENERGO (TGC-3)

January 20, 2003

Results of AO MOSENERGO's operations at FOREM in 2002

Last year AO MOSENERGO purchased in the wholesale market 3163.7 mln kWt-h of electricity, which is four times more than comparisons to the previous year. AO MOSENERGO purchased 892.4 mln kWt·h of "excessive" electricity, 877.3 mln kWt·h – through Energy Pool, and 1393.99 mln kWt-h accepted from FOREM at the Central Dispatch's directions. AO MOSENERGO paid for 93% of electricity. In total, AO MOSENERGO paid 856 mln rubles to its suppliers. In 2002, FOREM sales saved the company around 260 mln rubles which could be spent for generating electricity at AO MOSENERGO's own coal and fuel oil generation facilities.

In 2002, AO MOSENERGO did not supply power for sales at FOREM. In the meantime, the company continued to recover debts from local energos, which received electricity from AO MOSENERGO in the past. AO MOSENERGO achieved tangible results in this area, having reduced receivables due from these companies by 42%. At present, local energos owe AO MOSENERGO 749 mln rubles.

In other important news, in November 2002, AO MOSENERGO started to participate in simulation auctions that were held by Administrator Trading System (ATS). AO MOSENERGO is preparing to join the non-commercial partnership ATS and is currently preparing the required documents.

 

 

 

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