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18-May-2020 09:51

The base for the Station was the Magneto-Meteorological Observatory founded in 1885-1886.

Try our World Meeting Planner and get a color-coded chart comparing the time of day in Irkutsk, Russia with all of the other international locations where others will be participating.

In the 1980s and early 1990s many countries recognized that it was reasonable to use the market mechanisms in their electric power industry and had some euphoria over the almighty “invisible hand” of the market.

There was an opinion concerning the problems of electric power industry development that the market mechanisms would give the necessary economic signals for the expansion of both generating capacities and electric networks.

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This methodology was based on a system approach to the considered complex problem and included the hierarchy of interrelated problems in terms of territory, time, and function.

Thus, it was not by accident that radical and liberal reforms were often accompanied by a considerable relaxation of state control aimed at fast activation of self-regulatory market mechanisms, which were supposed to stimulate economic growth and restructuring of electric power industry [20].