OREANDA-NEWS. On 11 August 2009 was announced, that the National Electricity Regulatory Commission, according to an announcement on its website on Friday, is moving to simplify the procedure for exporting electricity: reducing the starting price for transmission capacities at export auctions, Kommersant reported today. The newspaper’s sources said that the decrease in the starting price could lead to 40-50% more electricity exports already from the first auction.

Concorde Capital: Though liberalization of export is still a working project, we believe it can be adopted soon. Zakhidenergo (ZAEN) would benefit most from liberalized exports, but all other GenCos could increase their utilization rates if exports increase to Belarus and Moldova. We believe this news might put speculative upward pressure on all GenCos until the regulation is actually adopted and it is clear how significant the increase in electricity exports is in store for Ukrainian generators.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.