international magazine
06 / 2003

Integration rush
Fusing of Russian electric power industry and oil sector gains momentum

Spread over the last year, market sweep of RAO UES and regional power operators (RPO) shares resulted in substantial alteration of energy holding equity structure. Some experts in earnest predict that it will also create fundamentally new type of energy company vertically integrated holdings, embracing both upstream and downstream sectors of energy production up to retail sales of electricity and heat energy to the consumers.