AGREEMENT

of November 25, 1998

About ensuring parallel work of electric utility systems of the State Parties of the Commonwealth of Independent States

The State Parties of this Agreement on behalf of the governments which are hereinafter referred to as with the Parties

considering great value of power industry for development of economies, growth in prosperity and level of social security of the population of the states,

for the purpose of increase in reliability and profitability of providing the national economy and the population with electrical energy on the basis of use of economic, technical and technological benefits of parallel work of electric utility systems,

in view of mutual aspiration to cooperation in the field of power industry on the basis of equality, mutual advantage, observance of the sovereign rights to energy objects and resources,

for the purpose of increase in energy security of the states of members of the Commonwealth,

being guided by provisions of the Energy charter of December 17, 1991 and the Agreement to the Energy charter of December 17, 1994,

based on the intergovernmental agreement about coordination of the interstate relations in the field of power industry of the Commonwealth of Independent States of February 14, 1992,

agreed as follows:

Article 1

For the purposes of this Agreement the terms applied in it mean:

parallel work of electric utility systems of the states of participants of this Agreement - joint operation of electric utility systems with single frequency in electric utility system of the State Parties of this Agreement;

electric utility system of the state - set of the power generation facilities, means of operation and management of them connected by single production process, transfers and electricity distributions;

overflows of electrical energy - quantity of the electrical energy moved between in parallel the working electric utility systems of the State Parties of this Agreement;

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