Developments in Russian Power Markets: Investing in the Market as It Restructures
April 24, 2009
Organizer: Debevoise & Plimpton LLP
Location: 919 Third Avenue (at 55th St.)
35th Floor Conference Center
New York, NY 10022
Alan V. Kartashkin,
Dmitri V. Nikiforov
The Russian state electricity monopoly, Unified Energy Systems, ceased to exist on June 30, 2008, after spinning off dozens of subsidiaries, floating a portion of shares in those companies on the Russian stock market and selling controlling interests to strategic investors. To attract buyers and investors, Russian officials promise they will gradually liberalize wholesale and retail electric power markets by January 1, 2011.
This panel will explain the developments in the Russian power markets leading up to and since privatization, including the legal framework for foreign investors to invest in the Russian market as it restructures.
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