Source Pravda.Ru

RAO UES insists on guarantees for private investments in energy sector

RAO UES top managers will by all means insist on guarantees for private investments in the Russian energy sector, RAO UES CEO Anatoly Chubais announced speaking at the annual shareholders' meeting today. Chubais believes low tariffs on energy resources debar private investments. He added that RAO UES managers had proposed to set up an investment guarantee fund, although some small shareholders had disapproved of this initiative.

The company's average annual generating capacities increased by 1,100 mW over the past 5 years. Meanwhile, RAO UES plans to add another 2,150 mW of generating capacities in 2003. The total of capital investments spent by RAO UES in 2002 jumped by 34 percent to RUR60.4bn (about $1.97bn).

© &to=http://www.rbc.com' target=_blank>RBC

Comments
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Putin dislikes the idea of US army bases coming to Kuril Islands
Argentina hides the truth about the death of San Juan submarine
USA plays to pretend a mighty dragon that can no longer breathe fire
Russians lose faith in their future, get ready for worse
Russians lose faith in their future, get ready for worse
Argentina hides the truth about the death of San Juan submarine
Moving inexorably towards war
Presidential and midterm elections in the USA change the 'American project' entirely
USA plays to pretend a mighty dragon that can no longer breathe fire
Presidential and midterm elections in the USA change the 'American project' entirely
Brexit: The UK's misunderstanding of Democracy
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Nagorno-Karabakh: 20,000 people killed, but no one is interested
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Russia rips its economy apart with help from the West
Brexit: The UK's misunderstanding of Democracy
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Argentina hides the truth about the death of San Juan submarine
Kuril Islands dispute between Russia and Japan: The impossible is impossible