04 June 2004 23:46
Chubais slams Rusal over Siberian hydro plants
A "major conflict exists with one UES shareholder - [namely]
Rusal," Chubais said. "This shareholder is also one of our biggest
MOSCOW. June 4 (Interfax) - Russian aluminum giant Rusal is acting against the interests of all Unified Energy System
(UES) shareholders with respect to Siberian hydroelectric power plants, Anatoly Chubais, the chief executive of UES,
told the Corporate Governance and Economic Growth conference.
consumers. The combination of these two factors has a totally unexpected effect on Russian soil," Chubais
said.
"I think the actions of this shareholder are directed against the
interests of all shareholders, and since I have been hired by the
"Only recently there have been several aggressive attacks on the part of these shareholders," Chubais said,
referring to an attempt to re-nationalize the Sayano-Shushenskaya hydroelectric power plant, a share issue by the
Krasnoyarsk hydro plant and the dispute concerning the Boguchany hydro plant.
shareholders I will do all I can to prevent as little as a ruble's worth of assets from being lost,"
Chubais said.
Chubais said he was confident all disputes would be resolved as UES management would like. [RU ASIA EUROPE EEU EMRG
ELG MET ALU STX CORA] pr
[Interfax] |
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