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19 May 2004 01:22
UES committee supports use of external consultants
MOSCOW. May 19 (Interfax) - The Unified Energy System of Russia strategy and reform committee decided to invite external consultants at a meeting on Tuesday, Deputy PR Director Marita Nagoga told Interfax. She said that the committee wants to invite internationally acknowledged experts to provide consulting services to "develop a mechanism to stimulate investment in developing generating capacity in Russia after the liberalization of the electricity market." The aim of the project is to develop a mechanism to stimulate investment that is most suited to conditions in Russia. The committee's decision was dictated by concerns about "insufficient capital investment in increasing generating capacity and, as a result, a drop in capacity reserves to a critical level and the appearance of local energy crises," she said. The project should take into consideration research that has already been carried out and should result in a model for payment for capacity. Nagoga said that the committee decided to pay for the consultants from its own budget, and may set up a working group on this issue in which the consultants will participate, in addition to experts from UES and the company's minority shareholders. [RU EUROPE ASIA EEU EMRG ENR ECI] rd
[Interfax]
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