FBK is the winner of Yakutskenergo tender

FBK won an open tender of Yakutskenergo and was granted the right to render consulting services for preparing IFRS financial statements. Within the contract experts of FBK International Financial Reporting Department will prepare the financial statements of the company in compliance with IFRS for the first six months of 2011 and for FY 2011.

Yakutskenergo is within RAO United Energy Systems of Vostok, established on July 1, 2008 as a result of reorganization of RAO United Energy Systems of Russia. This is a major holding, developing energy, housing, fuel and other types of businesses in the Far East regions of Russian Federation. At the moment Yakutskenergo is among the first in Russia in terms of territory of service and the length of power transmission lines of different types of electric potential.