Mosenergo expects high profits for 2002

Mosenergo executives have increased their expectations for the company's income in 2002 from 300m ($9.4m) to 500m rubles ($15.7m), Deputy General Director Vitaly Kuzmin declared today. According to him, the company is planning to retain the amount of dividends on the level of the year 2001.

Moreover, Kuzmin pointed out that in the near future payments for electrical energy could be made at large supermarkets and automated teller machines. "This project is in its final stage currently and in the first quarter of 2003 we are planning to receive the first money through this scheme", he added.

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