OREANDA-NEWS. A finance services provider, Millennium Capital, disclosed that FS Trading company, which is the managing company of Finance & Credit Group, has announced its intention to build its own energy generation capacities in Poltava Oblast by 2011. Now the company is negotiating the construction with leading Russian and European companies.

In the view of MC analysts, having its own energy generation capacities will guarantee the independence of Konstantin Zhevago's companies, especially taking into account possible insufficient electric energy supply increases from third parties by 2011. Currently Ferrexpo Poltava OMEP is the largest energy consumer of the oblast with 30% of the total consumption. It plans to increase its output nearly 50% by 2011 and Vorskla Steel will be put in operation in the same year. AvtoKrAZ is also to increase capacities. By then, Finance & Credit's assets situated in Poltava Oblast will consume twice as much energy as nowadays.