RAO UES of Russia's CEO comments on upcoming fall-winter heating season

RAO UES of Russia's CEO Anatoly Chubais calls the situation with thepreparation for the upcoming fall-winter heating season "normal". Reportingto journalists during a break of a government meeting, he pointed out that"these days the tone of the talk about this issue is very low-key, unlikeprevious years". According to the Russian energy giant's CEO, the currentcoal reserves of RAO UES are nearly 2.8m tons, which is 4 percent higherthan the planned figure. Chubais also pointed out RAO UES of Russia'spayments to fuel suppliers in the first half of this year had allowed fornot only covering the entire volume of supply costs, but also cutting backthe company's debt by 16 percent. At the same time, the RAO UES's CEO wasquoted as saying there are problems in a number of the regions of Russia:Kamchatka, Primorye, the Krasnodar region, Kurgan and the Ulyanovsk region.In many regions, "the problems are rooted in debts", Chubais said. Inparticular, Kamchatka's fuel supply debt is over $200m, but the RAO's CEOexpressed hope this problem would be solved..


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