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Federal Antimonopoly Service of the Russian Federation

Russian Version

FAS OPENED CASE AGAINST BID-RIGGING CARTEL IN THE ELECTRIC POWER INDUSTRY

06-12-2019 | 17:30

The case against “Lenelectromontazh” Ltd. and “Sevzapelectroset’montazh” Ltd. is opened based upon inspections’ findings

In summer 2019, FAS carried out unscheduled on-site inspections, and exposed elements of a bid-rigging cartel for construction-and-assembly, start up and commissioning and reconstruction world in the electric power industry for over 20.6 billion RUB and opened a case upon elements of violating Clause 2 Part 1 Article 11 of the Federal Law “On Protection of Competition”.

Cartel elements include jointly preparing competitors to tale part in the auctions and coordinating price bids.

“FAS works actively to investigate cartels in regulated activities. Cartels implemented in construction of electricity network equipment must generate scrutiny, as they affect end-users and can results in an unreasonable growth of prices”, commented Head of FAS Anti-Cartel Department Andrey Tenishev.

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