UES said starting prices at auctions will be set at or above the market value of the assets, based on expert evaluation, and subject to approval by a special board committee.
Russia's power sector has undergone radical changes in recent years aimed at increasing the efficiency of power plants and developing the industry by attracting investment. During the restructuring process, specialized structures have been created in place of the old vertically integrated companies.
Once reforms are complete, the potentially competitive sectors of the industry - generation, sales and repair companies - will become mainly private and will compete with one another. However, natural monopolies - power transmission and dispatching - will remain state-controlled.
The UES parent company will be divided, and its shareholders will receive shares in core electricity entities (wholesale generating, territorial generating and federal grid companies) under UES current control, proportionate to their holdings in the monopoly's charter capital.
