print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Unified Energy System press releases

Unified Energy System

September 1, 2003

Tbilisi Energy Distributor Telasi Co., RAO "UES of Russia" solve problem of energy supply

Moscow, 1 September. Tbilisi-based electricity distribution company Telasi* and RAO "UES of Russia" have solved the problem of electricity supply from the Unified Energy System of Russia. This made it possible to stabilize electricity supply to Tbilisi during the peak load hours. The emergency shutdown of Inguri HPP and the restrictions of power supply imposed by the Georgian Wholesale Electricity Market** in respect of Tbilisi have led to the power outage in the Georgian capital on 31 August this year.

According to Telasi officials, despite the accident at the power plant, the power outage in Tbilisi could have been avoided, but for the restrictions imposed by the Georgian Wholesale Electricity Market**. The point is that the Georgian Wholesale Electricity Market has set limits on power supply only for Telasi, whereas other less creditworthy wholesale market consumers are supplied with electricity in excess of the stated capacity limits. In this connection, Telasi executives demanded that the management of Georgian Electricity Market comply with the Law of Georgia "On Electricity and Natural Gas" No. 816 of 27 June 1997, specifically the provision on equality of market participants and equal conditions for capacity allocation.

Telasi management emphasized that they considered the power supply restrictions imposed by the Georgian Electricity Market unjustified, and that they will do everything possible to normalize power supply to Tbilisi, especially during the peak load hours (morning and evening). Telasi submitted an official petition to the management of the Georgian Wholesale Electricity Market demanding to provide guarantees of electricity supply to Tbilisi.

According to RAO "UES of Russia", the reasons behind the increase in the number of accidents at power facilities in the Republic of Georgia after the Russian energy company announced the assets purchase of some energy companies from AES are not so much technological as political.

RAO "UES of Russia" intends to oversee determination of the reasons why Telasi's subsidiary is subjected to discrimination on Georgia's wholesale market.

* AO "Telasi" is an electricity distribution company owning low- and medium-voltage networks in Tbilisi and the surrounding area populated by 1.6 million people. One of RAO "UES of Russia" entities has recently purchased a 75% stake in the Telasi. RAO "UES of Russia" started running Telasi effective 1 September 2003.

** Georgian Wholesale Electricity Market is the counterpart of Russia's Federal Wholesale Electricity Market (FOREM).

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer