Analysts Recommend to Invest Funds to Far Eastern Energy System
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.
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