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  Unified Energy System REGISTER LOG IN

Press Releases > Unified Energy System  all about the company

company search
all press releases
all Unified Energy System press releases

Unified Energy System

August 18, 2003

Statement of RAO UES concerning energy supply in Georgia

Moscow, 18 August. Today at 5.50 a.m. (Moscow time) unknown persons gunshot and destroyed petticoats on the 69th tower of the Imereti transmission line connecting Inguri hydroelectric plant with the Bolshaya Zestaphoni substation. It led to the power outage in Georgia. RAO "UES of Russia" provided assistance to Georgian power engineering specialists by securing energy supply via 220 kV Salkhino transmission line.

Some opposition parties in Georgia are trying to connect the current problems with the energy supply with RAO ‘UES of Russia’ coming to the Georgian energy market to gain certain political dividends on the eve of parliamentary elections. Besides, oppositionists make attempts to blame RAO UES for electricity hikes in Georgia.

RAO UES acquired 75% of AES Telasi electricity company based in Tbilisi that had been owned by AES for the last five years. However, the Russian Holding will officially start to run the acquired company not earlier than the 1st of September 2003.

The Georgian Ministry of Justice officially approved the electricity tariffs hike on August 16, 2003. This hike was made according to the IMF’s demand and according to the criteria elaborated by the Georgian Commission on Energy Regulation. RAO UES have not taken any measures to lobby the rise of electricity tariffs in Georgia.

Currently, the joint Georgian and Russian venture AO GruzRosEnergo is repairing the 69th tower of the Imereti transmission line. It is planned that the energy supply in Georgia will be restored towards the end of the day.

 

 

 

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