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Sakhalinenergo will suffer loses

Sakhalinenergo is assumed to suffer loses in the volume of 100mln rubles due to the contract on the coal shipment in 2007 settled with Sakhalinugol Managing Company, as it was informed.

The contract was signed up Dec. 31 under the Sakhalinugol terms but, in view of the energo company they are unfeasible.

The contract is rather non profitable and can yield the loses. In negotiations the between the supplier and coal consumer the contradictions as of the coal price arose.

Now Sakhalinenergo tries to dispute the contract at the antitrust service.

Sakhalinenergo is UES sub under the Far Eastern Energy Manaing Company control and is a major energy supplier on Sakhalin. The share capital is worth 294.169mln rub. split in 294169135 stocks of 1 rub. par; UES share is equal to 48.99%.

Sakhalinugol was set up in May 2004 to cover 11 independent coal producers which by now has formed the Group of coal producers.

The coal is shipped to the native and foreign consumers (21%).

© "AK&M"

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