OAO Bashneft established OOO Power Supply Company (Ufa). Bashneft owns 100% chares of the newly created company, the company statement says. As the press-service of Bashneft explains, the new company has been established with the aim of reducing the Bashneft Group expenditure on buying electricity for its own needs.

The rules of the game for foreign investors into Russian energy projects are not to be changed when the new government is formed after the President’s elections 2012, the deputy minister of Energy Minister of the Russian Federation Anatoliy Yanovsky said. “The efficiency of any policy including the energy one shows itself first of all […]

Gasoline and diesel prices at the wholesale market of the Amur region has fallen approximately by 2 and 4 percent respectively during the week, at the same time the retail prices remain stable, the representative of the regional office of the Federal Antimonopoly Service Nadezhda Golovina said on Tuesday this week. Downward price movement at […]

It has been decided to raise the level of water in the Cheboksarskoe dam lake in 2021. This was declared by RusHydro director on engineering policy Rasin Khaziakhmetov. According to the earlier plan a part of the Nizhniy Novgorod region was to go underwater already in 2016. It should be reminded that 2010 was the […]

Early this morning the Main Electrical Grids of North-West (MES, the territorial subdivision of the Federal Grid Company of the Unified Energy System of Russia) and OAO Lenenergo completed the works on restoring the electricity supply for the southern parts of St. Petersburg which was interrupted in the previous evening due to the equipment error […]

MES Center has embarked on the replacement of an air circuit breaker 110 kV at the substation 500 kV Pakhra in the Moscow region. The works are being carried out within the framework of OAO UES FGC repair campaign for 2011. Within the framework of the repair works the substation 5000 kV Pakhra had all […]

The two companies closed the deal approved of by the Russian authorities in summer. NOVATEK Company has closed the deal on selling 20% of OAO Yamal LNG shares to the French company Total via its wholly-owned subsidiary OOO Novatek Severo-Zapad. The Memorandum of Cooperation in accordance with which Total is a strategic partner of NOVATEK […]

The production of electrical energy in the Russian Federation in the period from January to September 2011 has risen by 1.3% against the same period in 2010 – to 760.7 billion kWh, this is stated in the materials of Minenergo (the Energy Ministry of Russia). In September this year this factor has risen by 0.4% […]

In September the power generating units of Balakovskaya nuclear power plant produced 2.987 billion kWh of electrical energy. The planned monthly objective has been fulfilled 102.7 %. The capacity factor comprised 03.7%. At present the four generating units of the Balakovskaya nuclear power plant are in operation. There are no complaints on the safety operation […]

The arbitration court of the Krasnodar Territory filed the claim in bankruptcy of OAO Kubanenergo (a part of OAO Holding IDGC) from OOO Veha-Region. The date of considering feasibility of the accusation of bankruptcy has not been defined yet. On September 12 the 15th Arbitration Court of Appeal confirmed the legality of the first judgment […]