The change in power in Moscow may give Gazprom hope for securing a stake in the Moscow United Energy Company (MOEK). According to the RBC Daily newspaper, Mosenergo, which is currently controlled by Gazprom, unexpectedly became the subject of critical reviews by the Moscow mayor's office. Yesterday, acting Deputy Mayor Pyotr Biryukov accused the energy company of failing to fulfill its investment obligations, the financing of which was incorporated into electricity tariffs. "Out of 20 facilities whose construction is sponsored from the tariffs funds, only five have been completed, six are under construction, and nothing has been done on the remaining nine facilities," the official explained. Mosenergo confirmed that it was expected to implement 20 investment projects in 2010-2011, noting, however, that information about only five facilities being finished was erroneous.
According to the publication, recent statements by officials from the Moscow mayor's office may be a sign of a new stage involving the largest municipal energy asset - MOEK, which receives energy from Mosenergo and makes money by transporting it to consumers. With that in mind, Gazprom may be interested in MOEK in order to get direct access to end consumers.
According to the publication, recent statements by officials from the Moscow mayor's office may be a sign of a new stage involving the largest municipal energy asset - MOEK, which receives energy from Mosenergo and makes money by transporting it to consumers. With that in mind, Gazprom may be interested in MOEK in order to get direct access to end consumers.