14 May 2004 00:45
Sayano-Shushenskaya de-privatization could mean losses for govt
MOSCOW. May 14 (Interfax) - De-privatization of the Sayano- Shushenskaya hydropower plant could mean losses for the
government, acting Industry and Energy Minister Viktor Khristenko was cited as saying by his ministry.
"My position is that there can be no de-privatization," he said. "The seeming appeal of
re-nationalization will simply turn into huge direct losses for the government," he said.
The Industry and Energy Ministry has various questions for Unified Energy System, Khristenko said. UES should have
already prepared all corresponding protests and notified its main shareholder - the government bout these. "It has
delayed with this. I am not completely satisfied with UES management because there was a long period in-between it
taking its decision and telling the major shareholder," he said.
UES filed an appeal Thursday with the Supreme Arbitration Court against an East-Siberian District Court ruling on the
illegality of the Sayano-Shushenskaya hydropower plant privatization in 1993, in which Khakassia received cut-price
electricity for all local consumers of the plant's electricity in exchange for title to the plant. [RU ASIA EUROPE
EEU EMRG ENR ELG CORA IPO ECI] me
[Interfax] |
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