Russian Prime Minister Mikhail Fradkov will hand the Global Energy international prize to 2004 laureates.
"Vladimir Putin, who is the Global Energy patron charged the premier with handing the prize," Russian President's Aide Sergei Yastrzhembsky told journalists on Saturday.
The awarding ceremony will take place on Sunday in the Constantine Palace in Strelnya (St. Petersburg's suburb).
According to Mr. Yastrzhembsky, an energy dialogue involving the Russian prime minister and heads of the world energy companies will be held before the ceremony.
The Global Energy prize ranks among major international scientific awards, Sergei Yastrzhembsky stressed.
This year the prize has grown more notable, said Nobel Prize winner, academician Zhores Alferov.
"We examined 27 papers last year and over 60 papers this year. I am convinced the Global Energy authority will be growing and we shall examine hundreds of papers in the future," he noted.
The Global Energy prize is presented for prominent theoretical, experimental and applied researches, inventions, and discoveries in the field of energy which benefit mankind.
The prize was initiated by academician Alferov and other leading Russian scientists in 2002. It is annually awarded since 2003.
The "Global Energy" prize fund was established by three big-league Russian oil-and-gas and power-industry corporations, namely, Gazprom, RAO UES (Unified Energy Systems) and YUKOS.
The 2004 prize fund stands at $900,000.
The Global Energy international awarding committee includes representatives of 11 countries, world famous scientists, Nobel Prize winners and heads of leading research centers.