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MOSENERGO (TGC-3)

May 18, 2001

In 2000, AO MOSENERGO's capitalization increased by half, exceeding 1 billion dollars

In 2000, AO MOSENERGO's capitalization increased by half, exceeding 1 billion dollars, Mikhail Seleznev, UFG energy analyst said today at the annual shareholder meeting. On May 17, the volume of AO MOSENERGO shares traded at RTS reached 1 million dollars. In the first quarter of 2001, AO MOSENERGO's clients consumed more energy by 3 percent. The company's energy sales at FOREM, the federal energy market, increased by 3.9 percent. The current rates justify higher AO MOSENERGO sales by GAAP standards. The only financial risks faced by the company lie in the unclear future of restructuring the energy sector, which is currently being debated.

 

 

 

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