At the time BID awarded RAO, this conglomerated of energy administered 60% of the electric power on Russia. Its CEO was Mr. Sergei Dubinin who recieved the BID Quality Award in Geneva, and was advisor to the President of Russia, Boris Yeltsin. Mr. Dubinin occupied prominent positions of responsibility and power within the Russian government during Yeltsin’s administration, reaching the post of Chairman of the Russian Central Bank as well as Secretary of Finance.