Power Group Online Article |  | |
2 December 2005 - Anatoly Chubais, the CEO of Russia's power monopoly RAO UES said this week that while the power reform was progressing well it was moving slower than had been planned.
Chubais recalled that originally the aim of the reform was to reorganize RAO UES in 2006, but at the moment the Energy Holding is not ready for this. He pointed out that the necessary documents are not ready for completion of the reform.
According to Chubais the reform will be completed in two steps. The first was the establishment of two or three wholesale generating companies, which has been achieved. This would be followed by the reorganization of RAO UES through the disposal of the holding's powers to the government and infrastructural companies by 2007-2008.
Chubais has also warned that an overloaded energy system could mean Moscow businesses facing electricity shutdowns as early as this winter.
To avoid power outages, the government must raise energy prices to help fund investment in the system's aging infrastructure, he said.
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