OREANDA-NEWS. Public auctions for the right to make contracts to purchase 93.35 % stakes in OAO "Zapadno-Sibirskaya CHPP", held by RAO "UES of Russia", OAO "Kuzbassenergo", and OAO "SIBENCO" will be held on 15th of March 2007.

Indications of interest in taking part in the auctions for the right to purchase shares in OAO "Zapadno-Sibirskaya CHPP" will be accepted from 9 January through 5 March 2007. Bids for the auctions will be accepted 19 February through 9 March 2007.

The public auctions will be arranged by an Accredited Agent, ZAO "United Financial Group", in accordance with the applicable laws of the Russian Federation and the resolution of the Board of Directors of RAO "UES of Russia" of 23 December 2005.

The start prices of the auction for the right to make agreements to purchase shares in OAO "Zapadno-Sibirskaya CHPP" have been set at RUB5.7 billion with a price increment of RUB50 million.

The auction winners would be the bidders that submit the highest bid.