UESR Annual Report 1997
Contents

Financial Results

Address to Shareholders from the RAO UESR Executive Office

Company's Business Results

Asset Structure

Volume of Products, Subscriber Fees, Revenues' Structure

Production Cost, Profit and its use

Accounts Receivable and Payable

Balance Sheet

Profit and Loss Account

RAO UESR Stock in the Securities Market

Summary of UES of Russia Coordination and Management Results

Electric Power Production and Transfer

Electric and Heat Power Markets

UES of Russia Dispatch Manegement

Subsidiary Management

Investments

Foreign Business Activity

Scientific and Technical Development of UESR

Audit Report

Information for Shareholders

Appendix

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Report's Home Page

Shareholder

UESR Home

RΐΞ UESR

IS RESPONSIBLE FOR OVERSEEING THE FUNCTIONING
AND DEVELOPMENT OF RUSSIA’S UNIFIED ENERGY SYSTEM.

THE UNIFIED ENERGY SYSTEM OF RUSSIA (UES OF RUSSIA) is a unique system which creates significant economic benefits for both the Russian people and Russia's industry.

The operations of the power industry organisations which constitute UES of Russia is aimed at:

  • reliable and continuous supply of electric and heat power to consumers throughout Russia today and in the future;
  • creation of conditions conducive to the development of all industries and regions;
  • provision of safe energy for the Russian Federation;
  • increase efficiency in the production and use of electric and heat energy, based on a co-ordinated power policy;
  • power industry development with the placement of power stations based on the principle of minimising the construction costs of power installations in the country as a whole, as well as the costs of power production and establishing power links.

The technical basis of UES of Russia is comprised of:

  • 440 electric power stations with total installed capacity of over 197 thousand MW, including 21 thousand MW at nuclear power stations, which produce 787 billion kWh of power a year;
  • a total of 3,018 thousand km of electric power lines;
  • a supply regulation system that unites physically all power installations with a single 50 Hz current frequency.

The organisational basis of UES of Russia is comprised of:

  • RAO UESR, which acts as a central locus that implements the functioning and development criteria established by the government based on effectiveness and provides operational supply management aimed at increasing economic efficiency at UESR;
  • 74 power suppliers that supply electric and heat power to consumers throughout the Russian Federation;
  • 34 large electric power stations that operate independently on the federal (national) wholesale electric power market;
  • over 300 organisations providing technological back-up and development for UES of Russia, and which ensure the viability of the industry as a whole.
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