Russia's power sector is undergoing radical changes aimed at increasing the efficiency of power plants and developing the industry by attracting investment.
Once the reforms are complete, the potentially competitive sectors of the industry - generation, sales and repair companies - will become mainly private and will compete with one another. However, natural monopolies - power transmission and dispatching - will remain state-controlled.
"In particular, additional share issues accompanied by the sales of state-owned stock will be held by OGK-4, TGK-1, TGK-4, TGK-8, and TGK-9," said Margarita Nagoga, adding that OGK-2 and OGK-6 would float additional shares without selling stock belonging to the state.
The remaining power generating companies will offer additional share issues in January-March 2008, the spokesperson said.
UES, Russia's current electricity monopoly, is planning to complete its reorganization by July 1, 2008.
