Moscow, 29 March 2005. RAO "UES of Russia" intends to invite tenders to select a consortium (consisting of an investment bank and an appraisal firm accredited by RAO "UES of Russia") which will be engaged in the establishment of Territorial Generation Companies (TGCs) at the stage of merger of Regional Generation Companies (RGCs) with and into TGCs or exchange of RGC shares for TGC shares.

In the first place, Consortiums will be selected to work on the projects of TGC-2, TGC-4, TGC-5, TGC-6, TGC-8, and TGC-9 establishment. The Consortium engaged in a TGC project is to arrange the merger of RGCs with and into TGCs and/or to ensure an increase in the stake held by the TGC in the RGCs concerned to at least 75 percent plus one ordinary share.

For more details regarding the timeframes, terms and conditions of the public invitation of tenders, and the requirements imposed on tenderers, please go to the Procurements and Tenders section of the Russian version of our website: Procurement of Consulting Services Relating to Restructuring of RAO "UES of Russia" .