In 2001 the volume of RAO UES’s electricity exports increased by 4.8 TWh compared to the year 2000 and reached 17.9 TWh (or 254.1 mln USD). The share of cash payments for exported energy rose from 47% to 83%.
The low solvency of the countries of the former USSR and the technical difficulties related to the transmission of electricity to foreign countries hamper a further increase in the volume of electricity export.

Export to the countries of the former USSR

Ukraine. In 2001 the relations between Russia and the Ukraine were developing in accordance with the Memorandum of 12 February 2001 "On Co-operation in the Field of the Power Industry" concluded between the Ministry of Fuel and Energy of Ukraine and RAO "UES of Russia". In the Memorandum the parties confirmed their readiness to ensure the transaction of the energy systems of the Russian Federation and Ukraine into a regime of synchronous operation; to make commercial supplies of Russian electricity to the Ukraine; to provide for the transit of Russian electricity to third countries; to jointly export electricity to Europe and implement investment programmes in the power industry of the Ukraine. On 20 August 2001 the IES of Ukraine and the UES of Russia commenced synchronous operation. This opens up opportunities for joint export of electricity to Central and Western Europe.
Belarus. The volume of debt owed for supply of electricity in the past years was reduced from 22.2 to 19.2 mln USD. The share of cash payments for current supplies reached 100%. In 2001 the volume of supply remained the same as in 2000 and was equal to 6.2 TWh. Russian electric power was successfully transmitted through Belarus to Poland.
Kazakhstan. There was a stabilisation and an increase in the volume of electricity exports from Russia to Kazakhstan from 1.85 TWh in 2000 to 2.46 TWh in 2001. 100% of the electricity supplied was paid for in cash. In 2001 RAO "UES of Russia" held consultations with the Kazakh national transmission company "KEGOC" regarding the transit of Russian electricity from Siberia through Kazakhstan to the Omsk energy system and to the Urals. Experts believe that this will help to improve the reliability of the UES of Russia considerably and to utilise the considerable potential of Siberian power generation capacities. A procedure was determined for partial settlement of the debt owed by Kazakh consumers for electricity supplied in the past years in exchange for the acquisition by RAO "UES of Russia" of a 50% block of shares in OAO "Ekibastuz CPP-2" and of the assets technologically related to coal extraction at the open cast mine "Severny".
Azerbaijan. In 2000 an agreement was signed on the synchronous operation of the energy systems of Russia and Azerbaijan. In 2001 Russia began to supply electricity to Azerbaijan. An agreement on the transit of Russian electricity to Turkey via Azerbaijanian’s transmission system was concluded. Talks are now in progress regarding RAO "UES of Russia" participation in the completion of the construction of set 9 at the Azerbaijan CPP, as well as regarding the construction of a new 330 kV transmission line to supply electricity to Iran.
Armenia. In accordance with the inter-governmental agreement, the parties are now considering the transfer to RAO "UES of Russia" of the property complex of Razdan CPP in repayment of Armenia's debts to Russia. It would allow RAO "UES of Russia" to produce electricity in Armenia and export it to Turkey and Iran, as well as to sell electricity on the Transcaucasian market.
Georgia. In 2001 the volume of electricity supplied to Georgia increased from 269.3 GWh to 415.22 GWh. Under the existing transit agreement, electricity was supplied to Turkey via the Georgian electrical power grid. The parties are now implementing a programme of practical measures intended to increase the volume and reliability of the supply of power. The parties also continued their discussions regarding the repayment of the debt owed for the supply of electricity in 1992 - 1999.

Export to foreign countries

Latvia. The volume of supply of Russian electricity to Latvia was stable and in 2001 remained the same as in 2000.
Poland. Electricity supplies to Poland via Belarus that began in 2000 continued in 2001 (under contract with PSE S.A.) together with the re-export of electricity to Germany. In December 2001 RAO "UES of Russia" and PSE S.A. extended their contract for the supply of electricity to Poland for the year 2002.
Turkey. An agreement on the supply of electricity to Turkey is in place. Negotiations are now underway regarding the increase of electricity supplies and the extention of the terms of this agreement.
Finland. In 2001 electricity exports to Finland increased substantially (to 7.3 TWh from 3.9 TWh in 2000). RAO "UES of Russia" has signed new contracts for the year 2002 with Sempra Energy (150 MW) and Vantaa Energy (50 MW). After the commissioning of the third 400 kV line Vyborg (Russia) - Kumi (Finland) the transmission capacity between the two countries will increase from 1000 MW to 1400 MW.
Estonia. An agreement was reached on the new terms for the transit of Russian electricity through Estonia for the year 2002. The first agreement on the supply of electricity to Estonia was signed in December 2001.

Export results

* Volume of payment in some cases exceeds cost of deliveries due to repayment of debt for electricity supplied previously.