Solikamsk taps free market to cut energy costs

Nov 03, 2005 | 07:21 AM | Natalia Kassakovich

Russia's Solikamsk Magnesium Works has entered the energy free market in a bid to reduce its production costs.

The company previously bought all its energy supplies from regional energy distributor OAO Permenergo.

"The main advantage of this move will be a chance to leave Permenergo's monopoly and economize through increasing flexibility by varying several suppliers," a Solikamsk executive said. "This is a timely....

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