01 June 2004 08:57
BOGUCHANSK GES STOCKHOLDERS TO ADDRESS UES INVESTMENTS AGAIN JULY 12
MOSCOW. June 1 (Interfax) - The board of directors at Boguchansk GES (hydropower plant) have set July 12 as the date
for an extraordinary shareholders meeting likely to see more discussion of UES investment.
The meeting agenda was not detailed in materials UES released. But UES media relations department chief Andrei
Yegorov told Interfax the stockholders will continue discussing additional agreements to the share holding agreement
with the power monopoly needed for it to invest in the completion of power stations. The stockholder register closed on
May 26.
The Boguchansk GES stockholders had a similar meeting in early April. At that time, Evrosibenergo, which manages
Russian Aluminum's energy assets, voted against these deals, thereby blocking an increase of UES's stake in
the station. UES had an interest in the deal and so did not vote.
Evrosibenergo representatives are not available for comment. UES is counting on a decision being made July 12.
[Interfax] |
RUSSIA IN FACTS
