Unified Energy System
| Unified Energy System
|
|
|---|---|
 |
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| legal form | Corporation |
| ISIN | RU0008959655 |
| founding | 15th August 1992 |
| resolution | June 30, 2008 |
| Reason for dissolution | Company division |
| Seat | Moscow , Russia |
| Number of employees | 577,000 (2005) |
| Branch | Electricity supplier |
| Website | www.rao-ees.ru |
RAO UES or short UES ( Russian РАО Единая энергетическая система России , short РАО ЕЭС России ) / RAO Yedinaya energetitscheskaja sistema Rossii (short RAO jees Rossii ) Until it was completed in June 2008 splitting one active in the energy sector Russian group of companies headquartered in Moscow .
description
UES employed around 577,000 people worldwide (as of 2005). Anatoly Borissowitsch Tschubais was the managing director until recently . The company sold electricity to its customers. UES operated several power plants in Russia.
According to the company, the group produced around 70% of the electricity produced in Russia in the company's power plants and owned 96% of the high-voltage grids and over 70% of the power cables in Russia.
The company exported electricity, with Scandinavia and the successor states of the Soviet Union among the main buyers.
The energy supplier included 70 different energy subsidiaries and more than 40 power plants. UES also owns 100% of the electricity transport companies OAO Federal Grid Company and OAO SO-CDA (System Operator - Centralized Dispatching Administration) .
UES was over 50% owned by the Russian state. The remainder of the company's stake was held by various smaller stockholders.
reform
The company has been in a restructuring process since 2002, which aimed at greater privatization in order to raise further financial resources from private investors.
As of June 30, 2008, UES was dissolved as a company after it had been divided into 23 independent utility companies, including 21 private ones. This reform should further liberalize the Russian electricity market.
In the course of privatization it was originally planned to combine the hydropower plants - like the nuclear power plants - in a state holding company. The split up of UES was very hesitant. The IPOs were overshadowed by the international financial crisis. The largest successor company of UES was RusHydro , which was the only Russian company to go public at the height of the crisis in 2009, whereby the state share of the shares remained with a majority of 58%.
See also
swell
- ↑ Page no longer available , search in web archives: Financial Times
- ↑ Marin Marinov, Svetla Marinova: Emerging Economies and Firms in the Global Crisis , Palgrave Macmillan, November 14, 2012, p. 212.