Russian Electrics: The Cost of Uncertainty
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Published by Renaissance Capital in English, its August issue of 2004 offers the readers the history, estimations and key recommendations concerning the problems of average fair value of Russian generating assets (between USD25/kW and USD244/kW comparing to the current value of USD83/kW). According to the researchers of the Capital Renaissance, this reflects the lack of certainty over future wholesale market rules and regulations, particularly with regards to capacity payments for Russian electric utilities.
