Nord Pool entices Russian companies

- Joe Marsh
- 11 Jun 2004

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RAO, a fully integrated energy company and a joint-stock company with fellow Russian energy company UES, is the only Russian participant in the Nordic power market at present.

Hartvig Munthe-Kaas, Nord Pool’s senior vice-president, told Energy Risk he met with 25 individuals from various Russian companies to discuss how they could join the exchange.

However, it will be some time before they do so, he says, given the current Russian power market situation. “The first step is to have a

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