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Unified Energy System

July 29, 2005

RAO UESR CEO Anatoly Chubais, St.-Petersburg Governor Valentina Matviyenko discuss development prospects of St.-Petersburg's energy system and improving reliability of power supply

Moscow, 29 July 2005. The Chairman of the Management Board of RAO "UES of Russia" Anatoly Chubais and St.-Petersburg Governor Valentina Matviyenko discussed in Moscow the prospects of development of St.-Petersburg's energy system and improving reliability of power supply to consumers.

Anatoly Chubais charged Boris Vainzikher, member of the Management Board and Technical Director of RAO "UES of Russia", with the task to explore, in coordination with OAO "UES FGC", OAO "North-West IDC", OAO "Lenenergo" and St.-Petersburg City Administration, the whole range of questions relating to improving the reliability of power supply to the city's consumers.

At the Meeting a decision was taken to organize a joint working group which will formulate a programme of modernization, technical upgrade and construction of new generation facilities in St.-Petersburg. Among other things, the Working Group was instructed to draft a plan for modernization of the Central CHPPs ES 1 and 2, which will be accompanied with closure of a number of the city's boiler houses and the city centere switching to district heating. The parties agreed that an outside investor might be attracted to take part in the project implementation.

In order to raise reliability, reduce the operational and administrative expenses, and optimize the use of financial resources, the parties also agreed to explore the possibility of establishment of a united city heating network company, and the participation of the St.-Petersburg Administration in the united city electricity grid company, which will be established on the basis of the electricity and heating networks owned by OAO "Lenenergo"* and the municipal authorities.

During the Meeting, it was also decided to arrange an inventory of debts owed to the energy company by consumers funded by the municipal authorities, and to draw a debt repayment schedule.

The Meeting was attended by St.-Petersburg Vice Governor Mikhail Osievsky; Chairman of the Regional Energy Commission Oleg Trishkin; members of the Management Board of RAO "UES of Russia" Alexander Chikunov, Vyacheslav Voronin, Boris Vainzikher; Deputy Chairman of the Management Board of OAO "UES FGC" Alexander Chistyakov; Director General of OAO "Lenenergo" and OAO "TGC-1" Andrey Likhachev; and Director General of OAO "North-West IDC" Veniamin Pinkhasik.


* The distribution company to which the "brand name" of OAO "Lenenergo" will pass after the Company completes its reorganization.




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