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Deregulation 2005 P1



Russian power reform timetable slips
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.

PPL Chairman backs greater deregulation
The chairman of US utility PPL Corporation said Monday that deregulation has resulted in significant benefits for American electricity users and that policymakers should continue to encourage the use of market forces to reduce electricity prices and to promote construction of new generating facilities.

Serbia plans market liberalization
Serbia is planning to begin the liberalization of its electricity market within the next three months, Alain Deriaz of Balkan Energy Solutions told a Rome conference Wednesday.

RAO UES ends moratorium on assets sales
The board of directors of Russian power monopoly RAO UES of Russia has passed a procedure for distributing funds from the sale of the company's core assets, reports daily newspaper Kommersant. Assets are being sold as part of a wide-ranging reform programme that will see the break-up of the monopoly and a separation of generating and network assets.

ADWEA plans to divest its distribution interests
Abu Dhabi Water and Electricity Authority (ADWEA) has plans to off-load its shareholding in the two distribution companies-Abu Dhabi Distribution Company (ADDC) and Al Ain Distribution Company (AADC), through the capital market to benefit the UAE nationals.

Privatization of Bahrain electricity gains pace
Bahrain's Al Ezzel independent power plant project, signed in July could be the first in series of privatization projects and could lead to further privatization of electricity production and also of the country ports, said Finance and National Economy Minister Abdulla Saif.

European utilities need to ramp up cost reduction efforts
Reducing operating costs remains a core strategy for European utilities, large or small with full market liberalization looming in 2007, according to new research from industry analysts Datamonitor.

PowerSeraya prepares for full market deregulation
SPL WorldGroup, the provider of mission critical software solutions has been selected by the Singaporean power company PowerSeraya Ltd to provide customer care and billing as the generator prepares for full market deregulation.

India's Power Grid could be public by October
India plans to open up its state run transmission company, Power Grid Corporation, by October 2005, with the intention of raising up to Rs15bn ($345m).

Thailand to privatize EGAT in November
Thailand's Energy Minister, Viset Choopiban, has announced the privatization of the Electricity Generating Authority of Thailand (EGAT), the country's largest utility.

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