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Russia, Kazakhstan Sign Power Grid System Accord - Prime-Tass



MOSCOW -(Dow Jones)- Russia and Kazakhstan have signed an agreement to ensure parallel operation of the united power grid system of the two countries, Russian Energy Minister Sergei Shmatko told reporters on Friday, Prime-Tass news agency reports.

"We have determined commercial terms, volumes of power supplies between the two counties, their regulation and a mechanism of calculating payments for transit," he said.

The agreement will help to address the power deficit in Siberia after the accident at the Sayano-Shushenskaya hydropower plant, Shmatko said.

Kazakhstan will supply an additional 500 megawatts of power to Russia in connection with the hydropower plant accident, Kazakh President Nursultan Nazarbayev said in September.

Agency Web site: www.prime-tass.com


  (END) Dow Jones Newswires
  11-20-091226ET
  Copyright (c) 2009 Dow Jones & Company, Inc.

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