Inter RAO UES
Encyclopedia
Inter RAO UES is a Russian energy company engaged in power generation and electricity trading. It has electricity export and import monopoly in Russia.

History

Decision to create Inter RAO was adopted by the board of Russian unified power company RAO UES in August 1996. The company was formed in May 1997 as a subsidiary of RAO UES with the purpose of consolidating energy generation and sales in foreign markets. However, Inter RAO started operating only in 2000. In 2002 it expanded into international energy sales, and in 2003 invested US$350 million in acquisition of foreign assets, notably the power plants in Georgia
Georgia (country)
Georgia is a sovereign state in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. The capital of...

. In 2003, 40% of shares was sold to Rosenergoatom
Rosenergoatom
Rosenergoatom is the Russian nuclear power station operations subsidiary of Atomenergoprom. The company was established on 7 September 1992 in Presidential decree No. 1055: "On operating organization of nuclear power plants in the Russian Federation"...

. In 2004–2006, Inter RAO continued to expand its activities on abroad.

During the restructuring of RAO UES, Inter RAO UES was separated from RAO UES. In March 2008, Vladimir Putin
Vladimir Putin
Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...

 authorized transfer of 60% share from RAO UES to Rosatom, and the company was reformed as a public company. It was listed at the Russian Trading System
Russian Trading System
The Russian Trading System is a stock market established in 1995 in Moscow, consolidating various regional trading floors into one exchange. Originally RTS was modelled on NASDAQ's trading and settlement software; in 1998 the exchange went on line with its own in-house system...

 and at the Moscow Interbank Currency Exchange
Moscow Interbank Currency Exchange
The Moscow Interbank Currency Exchange or MICEX is one of the largest universal stock exchanges in the Russian Federation and East Europe. MICEX opened in 1992 and is the leading Russian stock exchange...

.

In following years, the Government of Russia transferred the power companies shares remaining after the reform of RAO UES in the property of state-owned companies RusHydro
RusHydro
RusHydro , previously known as Hydro-OGK, is a Russian hydroelectricity company. As of 2008 it has a capacity of 25 gigawatts. It is the world's second-largest hydroelectric power producer and is the country's largest power-generating company and the largest successor to RAO UES...

, FGC UES
FGC UES
FGC UES is the largest electricity transmission company grid in Russia.-History:RF Government Decree of 11 July 2001 № 526 "On Restructuring the Electric Power Russia" Unified Energy System of Russia was recognized as "national property and guarantee energy security of the state...

, Rosimushchestvo
Rosimushchestvo
The Federal Agency for State Property Management was a subdivision of the Russian Ministry of Economic Development and Trade that managed Russia's federal state property...

, and Rosneftegaz to Inter RAO. That included transfer of 41% stake in Irkutskenergo
Irkutskenergo
Irkutskenergo is a power company in Russia. It mainly focus on the generation of hydroelectricity.The company's hydroelectric facilities are located on the Angara River: Irkutsk, Bratsk, and Ust-Ilimsk hydroelectric power plants. In addition, the company owns 13 cola-fired combined heat and...

, 65.8% of OGK-1
OGK-1
The First Generation Company of the Wholesale Electricity Market is a large Russian company formed by merger of 6 electricity generation companies.-History:...

, 3.24% of OGK-4
OGK-4
The Fourth Generation Company of the Wholesale Electricity Market is a Russian power generation company formed by merger of five generation companies...

, 26.43% of OGK-5
OGK-5
Enel OGK-5 is a Russian power generation company formed by merger of four smaller generation companies in 2004. Since March 2008 the Italian company Enel ownes 59.8% of the company.-History and operations:...

, 24.9% of TGC-6, 34.21% of TGC-7, 30.54% of TGC-11, 20.24% of Kuzbassenergo
Kuzbassenergo
Kuzbassenergo OAO is a Russian joint-stock company specialized in the distribution of energy. The company's headquarters are located in the Russian city of Barnaul, in the Altai Krai region ....

, 21.27% of Bashkirenergo
Bashkirenergo
Bashkirenergo is a power and heat company operating in Bashkortostan, Russia. The major shareholder of the company is a holding company Sistema. 21.27% of shares is owned by the Russian grid company FGC UES....

, 14.48% of Sangtuda 1 Hydroelectric Power Plant
Sangtuda 1 Hydroelectric Power Plant
Sangtuda 1 Hydroelectric Power Plant is a hydroelectric power plant, located on the Vakhsh River in Tajikistan. Construction commenced during the Soviet period in the 1980s, but halted in the beginning of the 1990s due to lack of financing when the station was about 20% complete. An agreement with...

 (in Tajikistan), and 100% of Razdan Thermal Power Plant (in Armenia).

In December 2010, it was announced that Inter RAO will acquire 79.2% stake in OGK-3 from MMC Norilsk Nickel
MMC Norilsk Nickel
MMC Norilsk Nickel is a nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area, in northern Russia. MMC stands for "Mining and Metallurgical Company"....

 increasing its stake in the company up to 85%.

Operations

Company strategy calls for increasing installed capacity to 30,000 megaWatts by 2015. The company operates a number of power plants and owns stakes in several Russian generating and distribution companies. Inter RAO also develops the Kaliningrad Nuclear Power Plant
Kaliningrad Nuclear Power Plant
The Kaliningrad Nuclear Power Plant is a nuclear power plant under construction 13 kilometers south-east of Neman, in Kaliningrad Oblast, Russia...

.

As of July 2008, major assets outside of Russia, included:
Location Subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...

Function Acquired/established in
Metsamor
Metsamor
Metsamor is a city in the Armavir Province of Armenia. Armenia's Nuclear Power Plant called Metsamor Nuclear Power Plant is located in this city. Metsamor was built in 1979 to house workers from the Metsamor Nuclear Power Plant. The power plant was closed in 1989 after an earthquake prompted...

, Armenia
Armenia
Armenia , officially the Republic of Armenia , is a landlocked mountainous country in the Caucasus region of Eurasia...

Metsamor NPP
Metsamor Nuclear Power Plant
The Metsamor Nuclear Power Plant , also known as Oktemberyan or Medzamor, was built during the 1970s, about thirty kilometres west of the Armenian capital of Yerevan in the city of Metsamor. The plant was constructed with two VVER-440 Model V230 nuclear reactors...

Nuclear power plant
Nuclear power plant
A nuclear power plant is a thermal power station in which the heat source is one or more nuclear reactors. As in a conventional thermal power station the heat is used to generate steam which drives a steam turbine connected to a generator which produces electricity.Nuclear power plants are usually...

, 815 MW
2004
Armenia
Armenia
Armenia , officially the Republic of Armenia , is a landlocked mountainous country in the Caucasus region of Eurasia...

Electric Networks of Armenia National power grid 2006
Armenia
Armenia
Armenia , officially the Republic of Armenia , is a landlocked mountainous country in the Caucasus region of Eurasia...

, Hrazdan valley
Hrazdan River
The Hrazdan is a major river of Armenia. It starts at the northwest extremity of Lake Sevan and flows south through the Kotayk marz and Armenia's capital, Yerevan. It then joins the Aras River along the border with Turkey. A Hydro-electric plant is located on the Hrazdan river...

Sevano-Hrazdanskaya Hydroelectric power plants cascade Hydroelectricity
Hydroelectricity
Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...

, 560 MW
2003
Finland RAO Nordic Oy Electricity trading and wholesale 2004
Ekibastuz
Ekibastuz
Ekibastuz is a town in Pavlodar Province, northeastern Kazakhstan. it had a population of 141,000. It is served by Ekibastuz Airport.-History:...

, Kazakhstan
Kazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...

GRES-2 Power Station
GRES-2 Power Station
The GRES-2 Power Station is a coal-fueled power generating station in Ekibastuz, Kazakhstan. GRES-2, built in 1987, has installed capacity of 1,000 MWe and has the world's tallest flue gas stack at high. The chimney is about taller than the Inco Superstack in Sudbury, Canada. Locals refer to it...

Coal-fired electrical power plant, 1,000 MW
Dnestrovsk, Transnistria
Transnistria
Transnistria is a breakaway territory located mostly on a strip of land between the Dniester River and the eastern Moldovan border to Ukraine...

Kuchurgan power station
Kuchurgan power station
Kuchurgan power station is the largest power station of Moldova, located in Dnestrovsc, Transnistria, on the shores of Lake Cuciurgani bordering Ukraine. It was commissioned on 26 September 1964.-Technical features:...

 (Moldavskaya GRES)
Multi-fuel electrical power plant, 2,520 MW 2005
Khrami River
Khrami River
The Khrami River is a 201 km-long river in eastern Georgia and partly in western Azerbaijan, the right tributary to the Kura River. It originates in the Trialeti Range and flows into the deep valley, being primarily fed by snow. Its tributaries are: the Debeda and Mashavera rivers. The Tsalka...

, Georgia
Georgia (country)
Georgia is a sovereign state in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. The capital of...

Khrami-1, Khrami-2
Khrami Hydro Power Plant
Khrami Hydro Power Plant I and II is a large power plant in Georgia that has 4 turbines with a nominal capacity of 55 MW each having a total capacity of 220 MW.-External links:...

Hydroelectricity, 220 MW
Tbilisi
Tbilisi
Tbilisi is the capital and the largest city of Georgia, lying on the banks of the Mt'k'vari River. The name is derived from an early Georgian form T'pilisi and it was officially known as Tiflis until 1936...

, Georgia
Georgia (country)
Georgia is a sovereign state in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. The capital of...

JSC Telavi Tbilisi area power grid
Tajikistan
Tajikistan
Tajikistan , officially the Republic of Tajikistan , is a mountainous landlocked country in Central Asia. Afghanistan borders it to the south, Uzbekistan to the west, Kyrgyzstan to the north, and China to the east....

Sangtuda 1 Hydroelectric Power Plant
Sangtuda 1 Hydroelectric Power Plant
Sangtuda 1 Hydroelectric Power Plant is a hydroelectric power plant, located on the Vakhsh River in Tajikistan. Construction commenced during the Soviet period in the 1980s, but halted in the beginning of the 1990s due to lack of financing when the station was about 20% complete. An agreement with...

Hydroelectric power station completed in 2006
Turkey
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...

TGR Enerji Elektrik Toptan Ticaret A.S. Electricity wholesale trade
Lithuania
Lithuania
Lithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark...

INTER RAO Lietuva Electricity wholesale trade 2005–2008

Shareholders

Shares of Inter RAO are publicly traded. About 82% of shares is controlled by the Russian state. After consolidation of the company assets the major shareholder will be FGC UES (20%), Rosimushchestvo (16%), MMC Norilsk Nickel (15%), Rosatom (12%), RusHydro (6%), and Vnesheconombank (5%).

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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