RAO UES
| Company type | Joint stock |
|---|---|
| Industry | Electric power generator |
| Founded | ~ |
| Headquarters |  Moscow |
Key people | Anatoly Chubais, Chairman of the Management Board |
| Products | Electric power |
| Revenue | ~ |
Number of employees | ~ 577,000 |
| Website | http://www.rao-ees.ru/en/ |
The Unified Energy System (RAO UES) is a Russian state electric power holding company which generates about 70% of Russia's installed electric capacity, and owns 96% of Russia's high-voltage grid, and over 70% of its transmission lines, according to the company's website. RAO UES also exports power, mainly to Scandinavia and to former countries of the CIS. The current head of UES is Anatoly Chubais.
UES holds more than 70 separate energy companies and more than 40 federal power plants, of which 8 are under construction. It owns 100% of two transmission companies, OAO Federal Grid Company and OAO SO-CDA (System Operator - Centralized Dispatching Administration).
The company itself is over 50% owned by the Russian Federal Government; the rest of the stock is owned by minority shareholders.
Current events
Due to its increasing failure to keep up with demand[1], UES is currently in the process of a massive privatization push with the goal of attaining about 79 billion USD in investment, mostly from private sources.[2]
And, since 2002 the company has been restructuring.
See also
External links
References
- ^ "Moscow mayor says winter energy deficit could reach 20%". RIA Novosti. 2006-09-05.
{{cite news}}: Cite has empty unknown parameter:|1=(help) - ^ "Russia seeks $79bn electricity funding". Financial Times. 2006-09-05.
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