2000-02-07 Kazak Corporate News - JSC Natsionalnaya Electroset
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JSC Natsionalnaya Electroset
A decree by Kyrgyzstan’s government on 21 January 2000 determined the JSC Natsionalnaya Electroset (the “national power grid”) as the assignee of the restructured Kyrgyzenergo.
The General Director of Kyrgyzenergo, Bakirdin Sartkaziyev, said that Kyrgyzenergo has been divided into three companies specialising in the production, transportation and distribution of power.
Specifically, Natsionalnaya Electroset will be the power transportation company, as it has inherited the dispatching unit and high-voltage grid of 110 kV and above, as well as some segments of 35 kV lines of “national significance”. The distributor function was given to the JSC Electroraspredelitelnaya Kompaniya (the “power-distribution company”) which was formed on the basis of Kyrgyzenergo’s distribution network. The generation function has been given to JSC Electricheskiye Stantsii (the “power stations”), which embraces all of Kyrgyzenergo’s power and heat plants.
According to Mr Sartkaziyev, the controlling stakes of the newly created companies will be transferred to the management of JSC Natsionalnaya Electroset.
The creation of the new companies will be officially announced to shareholders at a shareholders’ meeting scheduled for April 2000. In 1999 Kyrgyzenergo produced 13.1 billion kWh, exceeding its target. A total of 2 billion kWh was exported to Kazakhstan, Uzbekistan and Tajikistan. The state holds 81.72% of Kyrgyzenergo’s shares. (Interfax)