OREANDA-NEWS. On 22 February 2008 was announced, that the Department of the Federal Registration Service for the Volgograd Region registered the lease agreement for the utility infrastructure assets of the Volgograd Municipal Property Treasury signed between the Municipal Property Department of the Volgograd Government and OJSC Volgograd Utility Technologies as a result of a public tender held in February this year.

Municipal assets in the city's heating system, water supply, and sewage disposal were leased to OJSC VUT for 15 years. The company will be responsible for stable and efficient operation of the city's life support systems and pay 188.8 million roubles a year to the city budget. Besides, the new utility operator, OJSC Volgograd Utility Technologies, will implement a large-scale investment programme in the amount of some 10 billion roubles over this period.
OJSC VUT is a company acting on behalf of CJSC Integrated Energy Systems (IES) and OJSC Southern Generation Company - TGC-8 (OAO "Lukoil").