DubaiAAEs $100m Russia power play.Provided by 7DAYS.ae Dubai will invest $100 million in Russian electricity generator OGK-1, marking the last deal in the sell-off of former state power monopoly UES UES UNE (University of New England) Economics Society UES Upper East Side (Manhattan, NY) UES Upper Esophageal Sphincter UES Unified Energy Systems of Russia UES Waukesha, Wisconsin , the firm's chief executive Anatoly Chubais said yesterday. With its assets sold or spun off, and a liberalised domestic power market in the works, state-owned Unified Energy System The Unified Energy System (MICEX:B>EESR RTS:B>EESR) (OAO RAO UES of Russia; Russian: ЕЭС России or Russian: - formed in the early 1990s as a stopgap between the Soviet command system and privatisation - ceases to exist today. At a press conference marking the end of UES, Chubais said that Dubai World is guaranteeing investments in OGK-1, which is the subject of an offer of as much as $5.3 billion from Russian firm Roskommunenergo. Chubais said the company had offered to buy OGK-1, which has big capital needs for stations in some of Russia's most energy intensive oil and gas regions, at a price of $516 per kilowatt. Russian media reported Roskommunenergo was bidding on behalf of Dubai World. A[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] 2007 Al Sidra Media Al Sidra Media LLC is a publishing company based in Dubai, UAE. It publishes the popular English-language newspaper 7Days, which is distributed for free. External links
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