RAO UES

Inter RAO UES increases its share in Mosenergosbyt to 95%

Inter RAO Capital has increased its stake in Mosenergosbyt from 75% to 91%, the company reports.
On August 25, Mosenergosbyt filed an application to delist the company's shares. After the procedure, which according to the rules of the exchange may take up to three months, trading in the shares will be halted.

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RusHydro and VEB to sign agreement on additional issue of the company for 85 billion rubles during Eastern Economic Forum

RusHydro and VTB will sign an agreement on additional issue of the company for 85 billion rubles at the Eastern Economic Forum, a source familiar with the situation reports.
"The agreement should be signed at the forum. Then everything will go almost automatically," - said the source.
Responding to a question, with what banks except VTB the agreements on the additional issue may be signed, he said that "for a while, only one bank".

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“RAO Energy System of East” may start power supply to North Korea later this year

RAO Energy System of East, part of “RusHydro”, can start the supply of electric power to North Korea later this year. As CEO of “RAO Energy System of the East” S.Tolstoguzov said to “Lenta.ru” the project has been worked out, its feasibility study is ready and there chosen the most appropriate options at present.

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Gazprom reduced gas extraction by 11.5% to 232.8 bln cubic m in Jan-July

​Gazprom’s gas extraction in Jan-July 2015 fell by 11.5% to 232.8 bln cubic m, the Ministry of Economic Development reports.
The production of natural gas and APG in general in Russia fell by 5.3% to 356.4 bln cubic m in Jan-July.
The reduction of gas extraction was accompanied by the fall of consumption by 2.4% to 257.5 bln cubic m. The consumption fall is explained by the reduction of gas supply for electric energy generation.
The data of the monitoring of the Ministry of Economic Development on the basis of data of the Ministry of Energy doesn’t coincide with the quarterly reports of Gazprom both by extraction and export.

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Inter RAO UES heats Finland and the Ukraine

The weakening of the ruble has allowed the state-controlled company Inter RAO UES to break the trend of falling exports of electricity. In the first six months of the year, it increased by 42%, mainly due to deliveries to Finland and the Ukraine. But the most significant growth in the profitability occurred in the first quarter, analysts said, and then the ruble started increasing. At the same time, at the current record low prices on the Nordic power market Nord Pool we can expect the restoration of the profitability of the gas supplies to Europe only in the case of a sharp weakening of the ruble, the Kommersant writes.
In the first six months of this year, Inter RAO UES seriously increased the supply of electricity abroad due to the weakening of the ruble. According to head of the company’s strategy and investment department Ilnar Mirsiyapova, the export in annual terms grew by 42% (to about 9.2 billion kWh). "The main beneficiary of the growth is Finland and the Ukraine," - the top manager explained, added that the export to the east (China and Mongolia), on the contrary, decreased by 12% and 28%, respectively.

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In July of 2015, Siberian Unified Power System increased electricity generation by 2.5%

In July 2015, the generation of electricity by power stations in Siberia amounted to 14.3766 billion kWh, which is by 2.5% more than the volume of the generation in July 2014. 
In July 2015, the hydropower stations’ generation made up 8.5046 billion kWh, which is by 5.7% less as compared with July 2014.
Thermal power plant generated 5.1485 billion kWh, which is by 18.6% more than in July 2014.

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RusHydro to report results in H1 on August 28th

RusHydro will publish its condensed consolidated interim financial information under IAS in the first six months of 2015 on August 28, 2015.

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Atomstroiexport may sell 12.5% of Inter RAO’s shares to Rosneftegaz

Atomstroiexport (a part of Rosatom) may sell 12.5% of Inter RAO UES’s shares to Rosneftegaz, a source, who is familiar with the situation, reported.
“Such possibility is discussed,” – he says, noted that it’s too early to speak about parameters and terms.
Rosneftegaz didn’t comment on the information. Rosatom also declined to comment.

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Inter RAO has invited I. Sechin to join the Board

After a 2-year pause I.Sechin will return to the Board of Inter RAO. Though the Government hasn’t included him and the former Vice-Prime Minister in the list of the Government representatives in the Board, he was supported by the energy holding that holds 14% of its shares. Mr. Sechin might head the Board of Inter RAO: the current chairman, G. Kurtser, is not in the list of candidates. Read more »

Inter RAO UES has partially transferred credit of 82.099 billion roubles to its branch Inter RAO Capital

Inter RAO UES has partially transferred a credit of 82.099 billion roubles to its branch Inter RAO Capital. The subsidiary received tranches of 45 billion roubles, 36.75 billion roubles and 0.349 billion roubles. Under the agreement closed by the companies Inter RAO UES was going to grant a credit of 90 billion roubles to Inter RAO Capital. The loan has no interest rate, and its tranches are granted up to January 1st 2013. The funds are necessary for the authorized activity financing. Read more »

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