Market Analysis

July 31, 2009 in the presence of Russian President D. Medvedev and President of the Republic of Tajikistan E. Rakhmonov was signer The act of the state acceptance committee approval of the construction of Sangtuda HPP-1 with capacity 670 MW.

The document was signed by Chairman of the JSC INTER RAO UES EV GEM and First Deputy Prime Minister of Tajikistan AG Gulomov, said INTER RAO.

The signing of an act of the state acceptance commission marks the completion of construction of power plants, which became the leader of the Tajik energy sector and the successful implementation of INTER RAO UES functions of the operator, - notes the report.

Full power Sangtuda HPS-1 to 670 MW. Return to project power station occurred in 4 years and 1 month since the resumption of construction.

first hydraulic station was put into operation on Jan. 20, 2008. Start the first hydraulic was carried out for 3 months ahead of schedule, which allowed not only to reduce the seasonal shortage of electricity in the Republic of Tajikistan, but also to accelerate the withdrawal of the station at full capacity. The second and third units were also put into operation ahead of schedule - on 1 July and 5 November last year respectively. The last, fourth hydraulic was launched on 15 May this year.

Enter Sangtuda HPP-1 in the commercial operation will provide electricity to Tajikistan's domestic market, including major industrial facilities, as well as provide the ability to export it to Russia, former Soviet republics, Iran, Afghanistan and Pakistan.

Sangtuda HPP-1 - is one of the largest in the territory of the CIS investment projects with participation of the Russian state and Russian companies. As contractors and suppliers of equipment for the construction of hydroelectric power has been used for more than 50 Russian and Tajik companies, including OAO Power Machines, OAO Chekhov Gidrostal Plant, OJSC ChirkeyGESstroy, OAO Zarubezhvodstroy, CJSC Zagranenergostroymontazh, JSC Trust Gidromontazh and others. On-site Sangtuda HPP-1 has a total of more than 4500 people.

The total installed capacity of power plants owned and managed by JSC INTER RAO UES, is about 18 000 MW. The authorized share capital amounts to 227 billion 411 million 385 thousand rubles. 57.3% of the authorized capital of INTER RAO owned goskorporatsii Rosatom and under its control of OJSC Concern Energoatom.
On Friday at 16:30 Moscow time data published by the U.S. GDP for the 2 quarter, market participants are expected to decline 0.7%
Future outlook for Russia is very strong, especially given the persistence of long-term rising trend in oil
In the 1 half of 2009, North-West Telecom has reduced its net profit for the RAS by 49% - up to 1606 million rubles
Yesterday, a pair of Euro /dollar to the U.S. session stabilized below the 1.4080
Trading on the European currency today will be mostly in the range 1,4003-1,4241 dollar
People and companies
The Government will decide the fate of Ukrprombank after the entry into force of the law on the rehabilitation of banks
From 24 to 31 July in the secondary market prices of real estate of Kiev for one-room apartments fell by 0,2%
Abbreviations have become entrepreneurs, free of taxes

Company News