EASTERN ENERGY COMPANY ENTERED THE TOP-50 OF CONSTRUCTION SECTOR ORGANIZATIONS
JSC EEC obtained a certificate of the TOP-50 rating among the companies of construction sector. The company took the 35th place in the list of the 50 major construction companies – members of the Association, “Union of Engineers”. The list with rating of construction sector companies was prepared by the Rating agency AK&M on the basis of Russian accounting standards reporting of the companies entering into the Association “Union of Engineers”. OAO EEC is a member of the Association since September, 2010.
EXPORT OF ELECTRIC ENERGY TO CHINA WILL GROW
JSC Eastern Energy Company together with the Administration of the Amur region has submitted a draft of electric energy exports to China at the working meeting of the Head of the Ministry for Regional Development of Russia Viktor Basargin with the delegation from China in Moscow.
IN 2011, OAO EASTERN ENERGY COMPANY WILL INCREASE THE POWER EXPORT TO CHINA BY 20%
ОАО Eastern Energy Company and the State Power Grid Corporation of China have concluded a new power delivery contract to the People’s Republic of China within the frames of cross border trade. The contract provides for the increase of power export to the People’s Republic of China in 2011 by 20% – up to 1.2 bln kW/h. The document was signed in course of the official visit to Russia of the Wen Jiabao, the Premier of the State Council of the People’s Republic of China.
TALKS BETWEEN REPRESENTATIVES OF EASTERN ENERGY COMPANY AND STATE GRID CORPORATION OF CHINA HELD IN MOSCOW
JSC «Eastern Energy Company» (JSC «EEC», 100% subsidiary of JSC «INTER RAO UES») held talks with authorities of State Grid Corporation (SGC) of People's Republic of China – EEC partner within the project on electric power export from Russia to China. In February 2009 the parties agreed on electric power boarder trade renewal, which had been suspended in 2007, and promote working partnership on execution of the project’s first stage of electric power export to China providing for delivery expansion up to 4–5 billion kWh per year.
EASTERN ENERGY COMPANY DETERMINED ITS KEY ACTIVITY DIRECTIONS IN THE SHORT-TERM PERSPECTIVE
Reorganization of JSC «Eastern Energy Company» (the Russian project operator for the electric power export to China, a 100% subsidiary of INTER RAO UES) to increase the efficiency of business-processes has been completed. In particular, the reorganization resulted in creation of the company’s new organizational structure on the basis of project groups, each responsible for one of the company’s key activity directions. At the present time three project groups are working in JSC «Eastern Energy Company».
EASTERN ENERGY COMPANY PLANS TO EXPORT OVER 1 BLN. KWH TO CHINA IN 2010
JSC «Eastern Energy Company» (Russian operator within the project on electric power export to China, 100% subsidiary of JSC «INTER RAO UES») plans to export over 1 bln. kWh of electric power to People's Republic of China in 2010. Electric power was supplied in the current year under the Additional agreement to the Boarder trade contract as of February 17, 2009, which had been signed between JSC EEC and the State Grid Corporation of China in the end of December 2009.
INTER RAO UES GROUP REACHED NEW MAXIMUM IN ELECTRIC POWER EXPORT TO THE PEOPLE’S REPUBLIC OF CHINA – 630 MILLION KWH
JSC «Eastern Energy Company», included in INTER RAO UES Group, exported more than 630 Million kWh electric power to the People’s Republic of China during eight months 2009 (from March 1st to November 1st). It’s the maximum volume reached for almost 10 years of power deliveries. The previous export maximum was recorded in 2006 when electric power totaling 523 Million kWh was transferred to consumers in the province of Heilongjiang, bordering Russia.