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CIS reps approve an agreement on forming of common power market

Oil&Gas Materials 28 October 2005 15:14 (UTC +04:00)

“The members of the CIS Electric Power Council (EPC) approved an agreement on forming of common electric power market,” Anatoliy Chubays, the President of the EPC, also Russian United Electric Network Joint Stock Company (UEN JSC), said to journalists on the results of the meeting held in Tbilisi on Friday, Trend reports.

He regards the meeting as productive. The sides made a decision on forming of common electric power market. According to Chubays, the market relations must be regulated.

He also said that the Russian Company considered different versions of the future filial of the International UEN JSC holding during the reform of the Russian energy system.

He also noted that in 2007 they plan make a decision on synchronization of the energy systems of Iran, Azerbaijan and Russia.

The members of the CIS EPC reelected Chubays president of the council for 2 more years at the meeting on Friday.

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