Rus News Journal

severo - the Western thermal power station will complete on credit

Today Russian Open Society board of directors “ UES of Russia “ will consider results of semi-annual work of Open Company “ Enel unified social tax of Energo “ as Open Society management company “ severo - the Western thermal power station “ (SZTETS). Despite positive dynamics of indicators of work of station for the last half a year, “ Enel unified social tax of Energo “ and could not decide - to find the main task of the strategic investor on building of second power unit SZTETS in cost $120 million As a result the company will suggest today to board of directors to take the credit under this project, and as the borrower will act itself SZTETS.
Shareholders SZTETS are the Russian Open Society “ UES of Russia “ (61,43 %), Open Society “ Lenenergo “ (13,85 %), Open Company “ Lentransgaz “ (12,26 %), committee on management of city property of St.-Petersburg (KUGI) (7,55 %, are exposed on sale), State Unitary Enterprise “ IN ` Tehnopromeksport ` “ (3,68 %). Now the station is under control of Open Company “ Enel unified social tax of Energo “. For half a year of work of a management company profit SZTETS has grown on 4 %.
we Will remind that a key condition of competition for choice management company SZTETS which has passed in September, 2004, was that the winner should find a variant of financing of building of the second power unit of station. Today a management “ Enel unified social tax of Energo “ should report to Russian Open Society “United Power Systems“ board of directors about the work done for half a year and to present the solution of a problem of investments.
as it became known, the management company did not manage to solve the main task and to find for station of the strategic investor. According to the general director “ Enel unified social tax of Energo “ Peter Bezukladnikova, to Russian Open Society “United Power Systems“ board of directors other variant of the organisation of financing under the project today will be suggested - to obtain the bank credit. Thus, according to plan of mister Bezukladnikova, as the borrower the station should act: “ If today the Russian Open Society board of directors approves this variant within 45 days the question on credit reception should be considered on board of directors SZTETS “ - he has informed. However, under the data, Vneshtorgbank becomes the creditor.
we Will remind that in the end of the last year SZTETS has placed dopemissiju the actions which sale could solve a problem absence of means for financing of the second block. But the Russian Open Society “United Power Systems“ has appeared the unique shareholder who has wanted to redeem the share according to the right of priority. And the power holding did not pay for actions “ live “ money, and has exchanged them for the equipment which before leased stations. Probably, it also will represent itself as now maintenance under the credit which advises to take SZTETS a management company (the Russian Open Society “United Power Systems“ has estimated the equipment in 5,57 mlrd roubles).
However, one potential investor at SZTETS nevertheless was. Interest to station was shown by the company “ Inter the Russian Open Society “United Power Systems“ “ (affiliated company of the Russian Open Society “United Power Systems“ and “ Rosenergoatom “) also planned to redeem dopemissiju station actions on 2,5 mlrd roubles within the limits of the right of priority of shareholders. Against it head MERTa and the councillor of directors of the Russian Open Society Herman Gref, however Anatoly Chubays has acted then asserted that actions SZTETS all - taki can be sold “ Inter the Russian Open Society “United Power Systems“ “. Therefore it is not excluded that tomorrow the Russian Open Society board of directors will reject offered “ Enel unified social tax of Energo “ a variant of the organisation of financing.
BORIS GORLIN,
NATALIA the MUSHROOM