Unified Energy System
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| Unified Energy System | |
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| Type | Joint stock |
|---|---|
| Founded | ~ |
| Headquarters |  Moscow |
| Key people | Anatoly Chubais, Chairman of the Management Board |
| Industry | Electric power generator |
| Products | Electric power |
| Revenue | ~ |
| Employees | ~ 577,000 |
| Website | http://www.rao-ees.ru/en/ |
The Unified Energy System (RAO UES) is an electric power holding company in Russia which generates about 70% of Russia's installed electric capacity, and owns 96% of the country's high-voltage grid, and over 70% of its transmission lines, according to the company's website. RAO UES also exports power, mainly to Scandinavia and to former countries of the CIS. The current head of UES is Anatoly Chubais.
UES holds more than 70 separate energy companies and more than 40 federal power plants, of which 8 are under construction. It owns 100% of two transmission companies, OAO Federal Grid Company and OAO SO-CDA (System Operator - Centralized Dispatching Administration).
The company itself is over 50% owned by Russia; the rest of the stock is owned by minority shareholders. Its stock is traded on the MICEX and RTS stock exchanges.
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[edit] Current events
RAO UES has manifested its increasing failure to keep up with demand[1] owing to decade-long practice of disinvestment.
UES is currently in the process of a massive de-jure privatization push with the goal of attaining about 79 billion USD in investment, mostly from private sources.[2]
And, since 2002 the company has been restructuring.
[edit] See also
[edit] External links
[edit] References
- ^ "Moscow mayor says winter energy deficit could reach 20%", RIA Novosti, 2006-09-05.
- ^ "Russia seeks $79bn electricity funding", Financial Times, 2006-09-05.
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