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Gold/Mining/Energy : Mosenergo ADR

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To: Copperfield who started this subject9/4/2004 12:16:18 PM
From: Copperfield   of 241
 
The management (manual) of Open Society " Mosenergo " has met situated near Moscow journalists

translated - unedited

25.08.2004.
Moscow

On August, 24 traditional session of a press club has taken place in Open Society " Mosenergo " with participation of management of the company and representatives of mass-media of the Moscow area. Dmitry Vasiljev, the assistant to the general director have taken part in it(him) on selling and work with consumers electric and thermal energy Vitaly Kuzmin, the assistant to the general director on distributive networks and to perspective development Alexander Mityaev, and also the
assistant to the general director on safety and a mode Ivan Sitkin the first assistant to the general director on a corporate policy(politics) and management of the property. The journalists who have gathered at a meeting represented over 40 electronic and printed mass-media more than from half of municipal formations(educations) of Moscow suburbs.

Key theme of discussion became reforming Open Society " Mosenergo ". Answering questions of journalists, Dmitry Vasiljev has declared, that reforming of the power company - a unique way for today to avoid an energy crisis in Moskovsk region. " The means, pawned the companies in tariffs, do not suffice on adequate development of a power supply system. If to change nothing, by 2008 we can collide(face) deficiency of power capacities. That it to not admit(allow), it is necessary for us urgently, but not in damage the consumer and to shareholders, to reform Open Society " Mosenergo ", - has noted Dmitry Vasiljev. As he said, realization of the plan of re-structuring of the company developed by management will make its(her) attractive to domestic and foreign investors which means it will be possible to direct on the decision of a problem the energy-scarcity and updating of capacities.

At a meeting problems of the current activity of the company have been mentioned also. Vitaly Kuzmin has expressed concern the increased debts of the enterprises - ïåðåïðîäàâöîâ of the Moscow area. " For last six months "the resellers" have run into debt Open Society " Mosenergo " more than 3 billion roubles and continue to accumulate a duty. In conditions of repair campaign and process of preparation of fuel to a cold season such situation with duties causes in us extreme concern ", -
Vitaly Kuzmin has noted.

The main reason of growth of debts that the enterprises pay off for consumed energy under the "preferential" tariffs illegally established for them by Power committee of the Moscow area. " There is a paradoxical situation - the resellers buy from us energy almost in 2 times below its(her) cost prices, i.e. actually receive profit due to all other consumers ", - Vitaly Kuzmin has noticed. It(he) sees the decision of a problem in change of system of power supply of consumers of area. "

If Open Society " Mosenergo " can conclude direct contracts with consumers of area, and present "the resellers" will render to us transport services, the problem of "preferential" tariffs will be solved automatically ", - the assistant to the general director of the company has twisted.

Prospects of development of power of Moscow suburbs of steel one more "hot" theme of discussion. Journalists have declared, that a number(line) of areas of the Moscow area tests deficiency of electric capacity. Alexander Mityaev has noted, that the company has technical decisions for liquidation of all "narrow" places of a power supply system. " The practical decision of the given problems(tasks) constrains only absence of means ", - Alexander Mityaev has noted. As he said, the last year Open
Society " Mosenergo " has constructed 700 km of new distributive networks and reconstructed more than 500 worn out transformer items(points). For the current year the company has planned the same amount of works. Open Society " Mosenergo " can do(make) more, but our financial resources are limited. To solve a problem in a complex, serious investments " are necessary, - Alexander Mityaev has declared.

In conclusion of session of a press club representatives of Open Society " Mosenergo " have once again confirmed, that the main priority of activity of the company is reliable and stable power supply of consumers. Interests of the last define(determine) a course of process of reforming of the Moscow power company and its(her) further development.
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