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. Last Updated: 07/27/2016

UES Exec Tapped for Energy Post

An executive from former power monopoly Unified Energy System has been named as head of the Federal Energy Agency, which is set to shift its focus from regulating oil exports to the electricity market, the government said Monday.

Prime Minister Viktor Zubkov appointed Dmitry Akhanov, director of UES's strategy department, to the post in a decree signed Saturday, the Cabinet announced on its web site.

The agency will take up supervisory powers over the electricity sector after UES ceases to exist in July, said Deputy Industry and Energy Minister Andrei Dementyev, whose ministry oversees the body. "We believe that energy must become the most substantial field of work for the agency," Dementyev said, Interfax reported.

In keeping with statements by President Vladimir Putin and UES chief executive Anatoly Chubais, Akhanov will monitor investments in heat and electricity generation by the new owners of power plants.

Investors have bought stakes in power plants previously controlled by UES under contracts that require them to develop the business. In May, Chubais asked Putin to ensure that supervision of private investment into the power sector was placed in the hands of a ministry.

The Federal Energy Agency will continue to regulate oil exports in the near future, but that could change in the longer term, an Industry and Energy Ministry spokesman said.