RAO UES increases export of electrical power

RAO UES of Russia and its subsidiary Inter RAO UES increased the volume of export of electrical power by 33.6 percent to 9.59bn kilowatt-hours in the first six months of 2003, compared to the corresponding figure for 2002, the RAO UES Media Relations Department reported. The revenues from electrical power sales rose by 86.7 percent to RUR7.01bn ($230.74m) over the reporting period.

The volume of power supplies to non-CIS countries grew by 42.5 percent to 6.11bn kilowatt-hours. The RAO UES Media Relations Department pointed out that Finland still was the main importer of Russian electrical power outside the CIS. Additionally, the volume of power supplies to Mongolia has been increased. Electrical power supplies to CIS countries rose by 20.5 percent to 3.48bn kilowatt-hours, and the respective revenues from power sales were up 24.9 percent. Belarus remains the largest importer of Russian electrical power in the CIS (supplies to that country made up 35 percent of all electrical power exports to CIS countries). The volume of power supplies to Georgia and Moldova also increased substantially over the reporting period.

Payments for current electrical power supplies to foreign consumers were made fully in accordance with the respective export contracts in the first six months of 2003, the RAO UES Media Relations Department underlined.

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