10:30First valuations of assets for RAB tariff setting made
The release of information about the valuations of assets at a number of MRSK subsidiaries to be converted to an RAB tariff-setting system in 2008 gives an idea of the scale of the re-evaluation and, on the whole, is a positive event for the sector.
10:26Lawsuits against TGK-11 pose additional risks The event of the day
The Moscow Arbitration Court has made a decision on a lawsuit filed by a Rosneft structure against TGK-11. This brings additional risks to the genco and should have a negative impact on the market value of its shares. We recommend that investors not buy TGK-11 shares until the legal situation is clarified.