The Russian government's power utility holding company, Unified Energy Systems, has given its strongest statement yet on the impending initial public offerings of some of the country's largest electricity companies.

UES chief executive Anatoly Chubais is today meeting with Russian President Vladimir Putin to discuss energy policy. The meeting comes a day after UES's head of restructuring, Alexander Chikunov, said the organisation was preparing to sell shares in two of its largest holdings by the end of the year.