MOSCOW, June 30 (RIA Novosti) - Russia's...
and regional power generators, the Energy Ministry, created in May when the Industry and Energy Ministry was split in two, will assume a number of key functions in the national power sector.Prime Minister Vladimir Putin has also instructed the ministry to supervise the implementation of investment programs by companies that emerged due to the reforms.
In an interview with the Vedomosti newspaper published Monday, UES CEO Anatoly Chubais said the new power control system combining government and self-government elements, as well as market and private ownership mechanisms, would ensure stable electricity supplies and boost the efficiency of the power sector.
Chubais refused to comment on potential risks related to the reform, saying its major results and consequences could only be assessed within the next three to five years.
"One thing is clear - the risks facing the electric power reform cannot be compared to the large-scale crisis that the sector
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