"Up to four pilot projects for the additional issue of shares in generating companies will be submitted for UES board's consideration in June 2006," Anatoly Chubais told an investment conference.
He said UES would select consulting firms in April-May to manage the issue of shares and hold a conference in June to forward companies to be invested in.
The seven wholesale generating companies (WGC) formed through the restructuring of Russia's power sector comprise between four and six power plants situated in different regions of the country, to prevent possible monopoly abuse. Six WGCs contain major thermal power plants, one is purely hydroelectric.
The 14 territorial generating companies contain power plants not within WGCs, located in contiguous districts. These are predominantly combined heat and power plants.
