OREANDA-NEWS. On 19 June 2008 was announced, that Chairman of the Board, Director General  of JSC Far Eastern Energy Company Victor Myasnik   on the delegation  of RAO UES of Russia  has taken part at the round table discussion “Russia business Roundtable 2008 – implications and opportunities for Japanese business ”.

The organizer of the event was International Corporation ING, one of the business lines of which -  ING Wholesale Banking  renders banking services  to the large-scale  corporate clients of ING,  including investment –banking services.  Also one of the  most active participants of the roundtable discussion was Economist Intelligence Unit, Corporate Network  (division of the Economist). All in all    more than one hundred representatives of  large-scale  international  corporations and financial-investment enterprises took part  in the event.

The organizers of the event   took floor  before the  first-rate  investors  with the estimation of the present economy  and  attractiveness of the Russian business,  particularly  investment prospects   for  the Far Eastern energy industry.

During the conference Victor Myasnik  has presented a report on prospects of the Far Eastern energy complex development. Forecasting  growth of electric power supply  in the Far East, estimated by the JSC RAO UES of Russia   will be  from 6,6 to 9.8 per cent annually. Exactly this  fact,  according to Victor Myasnik,  is the most  attractive  for the foreign investors.

Although on the whole  analysts are wary of  Russia, nevertheless  all of them  with one voice recommend to make haste to invest to the Far Eastern energy industry, as even tomorrow the  Asian investors could be left behind  by their  colleagues from Europe.  One of the most attractive factors  in this case  is  the forecast  of the  sharp growth of  electric power  consumption  – that  is guarantee   of investments payback, noted Victor Myasnik,  besides that  investors are  attracted   by the participation of the state  at the energy system work,  in spite of electric power market absence  and state  regulation of the electric power tariffs,  investors are attracted with the guarantees that the state provides.

By words of the Director General of JSC FEEC the results of the passed event  can be estimated as  positive: in the course of the roundtable dozens of  questions  have been asked  by potential investors to representatives of JSC RAO UES of Russia and JSC FEEC.

Even in the near future  the work with potential foreign investors  planned to be  continued  by the Energy Systems of Vostok ( the division of RAO UES of Russia  that from 1 July  will be independent holding company):  the negotiations are planned to be conducted in two directions – the opportunities  for investments to  regional energy system development and equipment and technologies  supply to the new and reconstructed energy units.