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Latest UES Stories

2008-06-27 06:02:54

The Unified Energy System of Russia has closed the sale of its 49% stake in regional wholesale and retail power buyer and distributor Chelyabenergosbyt, for a total consideration of RUB900.4 million or RUB0.33 per share, to Chelyabinskoye Upravlenie Energotreidinga. In accordance with a resolution adopted by the UES's board of directors in October 2006, the company's stake in Chelyabenergosbyt has been sold simultaneously with the additional offering of its shares for the same price. As a...

2008-06-18 09:01:08

Russian electricity holding company UES has sold its 48.43% stake in Energosbyt Rostovenergo, in a public auction, to the Russian agricultural trading house Selskohozyaistvenny Torgovy Dom, for RUB500.1 million. The public auction was arranged by the agent, Urals Energy Management Company (UEUK), in accordance with Russian law and the resolutions passed by UES's board of directors. Bids for participation in the auction were accepted from June 2, 2008, through June 16, 2008. The auction's...

2005-06-28 16:39:45

By Oliver Bullough MOSCOW (Reuters) - Power giant UES signed Russia's firstprojects under the Kyoto pact's investment rules on Tuesday, inwhat it hopes is a step to cutting greenhouse gas emissions andraising cash for the aging electricity sector. The projects are themselves small as they cost the Danishgovernment 20 million euros ($24.25 million) for a yearlysaving of 1.21 million tonnes of carbon dioxide, but aredesigned to show the potential of Russia for Kyoto investors. Under the...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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