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  Wednesday, November 20, 2019
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On Wednesday the Council of Competitiveness and Entrepreneurship will meet to examine the progress of reform
On Wednesday, under the chairmanship of Prime Minister Mikhail Fradkov, the Council of Competitiveness and Entrepreneurship will meet to examine the progress of reform in the power generating industry. Industry and Energy Minister Viktor Khristenko will deliver the main report. On the day before the press-service of the Industry and Energy Ministry said that the working group on power industry reform, whose co-chairmen are Viktor Khristenko, Anatoly Chubais and Oleg Deripaska, sent to the government materials for the council's meeting. "The materials contain the summarised results of work of the subgroups Structural Changes in Power Generation, The Electric Power Market, and Investments in Power Industry," says a press- release of the Ministry. The session plans to consider the progress of the reform on December 16, while on December 22 Khristenko will report to State Duma deputies. The industry and energy minister takes a positive view of the reform's progress. He says that reforming of the power industry is proceeding sufficiently energetically. "All stages planned for UES are being followed. There is some time shift, but it is measured in two or three months," Khristenko noted. He believes that structural changes in the power industry will be completed before the end of 2006 and, as a result, UES will be abolished. "Our general assessment is that two years - 2005-2006 - are sufficient to complete the transformation of the power generating industry," Khristenko said. At the same time, in Khristenko's view, the question of methods of privatising wholesale generating companies is not yet pressing. The minister gave an assurance that this question will not be considered at the cabinet meeting on December 16. Not denying the possibility of asset sales, Khristenko believes that until wholesale generators are formed it is too early to discuss ways of selling them. "What is important is not to sell assets, but to create a sphere for their functioning," the minister believes. "Legislation provides for the possibility of selling assets which belong to the state (UES) in wholesale generators. This is not subject to doubt," Khristenko said. At the same time, he said that "an object for sale has not yet appeared". Forming and launching wholesale generators will take one or one and a half years, the minister indicated, explaining this by complex corporate procedures when setting up new generating companies. At the current stage it is far more important to formulate rules for the functioning of the wholesale electric power market, on which generators will operate, Khristenko believes. It is necessary to shape a business environment which will later define investors' motivations, the minister emphasised
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