Capitalisation of Russia's Unified Energy Systems stands at $14 billion

According to data for this September, capitalisation of the Unified Energy Systems of Russia runs into 14 billion dollars, head of the energy holding Anatoly Chubais said at a press conference in RIA Novosti on Wednesday.

He explained that compared with the data for September 2002 the value of the company's shares had increased by $11 billion. "So, we have produced the best result among all Russian companies", Chubais believes. He also noted that the company's good performance enables it to actively interact with banks, and to take loans for carrying out its projects.

"In particular, our investment projects in the CIS countries are being carried out not due to the tariff component, not due to the money collected in Russia but due to the bank credits", Chubais said. "We plan to pay the loans from the profits received from the implementation of our business projects".

He specified that the energy holding was introducing a similar pattern in Russia. A month ago the implementation of such an investment project began in the Belgorod Region (Central Russia).

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