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Unified Energy System

October 8, 2003

FGC Board of Directors holds its regular meeting

Moscow. 8 October. The Board of Directors of OAO "Federal Grid Company of Unified Energy System" held its meeting today. The Board meeting was chaired by Victor Khristenko, Deputy Chairman of the Government of the Russian Federation.

The Board of Directors of OAO "UES FGC" heard a progress report on reforming the power grid companies. The Board stated it is essential to ensure reliable operation of the electricity networks during the reform period. For that purpose, it is necessary to:

- to establish Interregional Transmission Companies (ITCs) and hand over the electricity networks that are part of the Unified National (All-Russian) Power Grid (UNPG) for use by OAO "UES FGC".

- develop an efficient mechanism to operate the UNPG-related networks;

- divide the legal responsibilities among OAO "UES SO-CDA", OAO "UES FGC", and NP "ATS" in running the UNPG.

The Board of Directors of OAO "UES FGC" broadly approved the "Framework for UNPG Development Strategy for the Decade" and resolved to use the Framework when developing blueprints for long-term development of the UNPG and near-term and current investment programs.

The FGC Board of Directors heard and took note of the report on the financing of land use by FGC.

OAO "UES FGC" is a wholly-owned subsidiary of RAO "UES of Russia".


CONTACTS: TEL.: (095) 710-54-14, FAX: (095) 710-52-65

 

 

 

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