RAO UES will cease to exist July 1, 2008
PanARMENIAN.Net
06.09.2007 12:20 GMT+04:00
/PanARMENIAN.Net/ "RAO UES of Russia will cease existence from July
1, 2008," Russian State Duma chairman Boris Gryzlov said September
6. A draft bill "On introduction of changes into the RF legislative
acts over reorganization of Russia’s united energy system" will be
discussed September 7, Mr Gryzlov said.
"Energy should not hamper economy development. The President set
a task to double the GDP in ten years, so the energy sector should
secure the development rate to enable economy growth. The federal
budget of FY 2008 includes 30 billion rubles to be spent on energy
facilities. The budget for FYs 2008-2010 provides 60 billion rubles
for the purpose," he said.
"The draft bill sets the terms of reformation of the energy sector. It
means that the government should consider and pass decrees on the
map of energy facilities and their development," Mr Gryzlov said,
IA Regnum reports.
RAO UES of Russia owns 4 out of 5 power-units of the Hrazdan heat power
plant, which provides Armenia, Georgia and Iran with electricity. The
Hrazdan heat power plant (the major consumer of Russian gas) was
conveyed to Russia to pay off Armenia’s state debt totaling $93
million.
Besides, the RAO UES runs the Armenian Nuclear Power Plant.