Anatoly Chubais' Farewell Address on Winding-Up of RAO UES of Russia
Anatoly Chubais: "We are leaving, but we are not switching off
Dear site visitors,
On 1 July 2008, RAO "UES of Russia" terminates its
The 10 year reform resulted in the creation of a new sector structure
based on private property and market relations. The holding company, RAO UES of Russia,
have been succeeded by new, dynamically developing generation, grid, retail and services
companies. A competitive market for electricity has been created in the country.
Multibillion investments have been attracted in the energy sector which have given a boost
to the development of the economy of the entire country.
All this enables us, with a clear conscience, to say goodbye to our
readers, both adherents and opponents of the reform, enthusiastic optimists and hopeless
pessimists alike. I would like to thank you for being with us all these years, no matter
on what side of the barricade.
We are leaving, but we are not switching off the light: now the house
called "Russia's Electricity Industry" has new owners. Partly for that reason
the corporate website of RAO "UES of Russia" will continue its work until the
end of 2008. As before, the website will contain detailed information on the reform
results and news of the post-reform electricity sector. I am confident that the site will continue to be a reliable
source of information for millions of electricity users both in Russia and abroad.