Battling vested interests to get utilities to perform

Headline: Battling vested interests to get utilities to performSource: EuromoneyDate: September 2001Author: Ben Aris Russia’s vast utilities are gravely afflicted. In desperate need of investment to rebuild worn-out plant and distribution networks, they are also drained of income because of uneconomic pricing and persistent corruption. Ben Aris reports on the progress of restructuring     […]

Headline: Battling vested interests to get utilities to perform
Source: Euromoney
Date: September 2001
Author: Ben Aris

Russia’s vast utilities are gravely afflicted. In desperate need of investment to rebuild worn-out plant and distribution networks, they are also drained of income because of uneconomic pricing and persistent corruption. Ben Aris reports on the progress of restructuring

       
Rem Vyakhirev
To a large extent the natural monopolies are the Russian economy. At the start of this year no-one believed that president Vladimir Putin had either the political will or the power to tackle Russia’s most deeply entrenched vested interests.






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