Enel OGK-5 votes Inter RAO, state reps off board, waives dividends
MOSCOW. June 21 (Interfax) - Shareholders in Enel OGK-5 voted at their annual shareholders meeting to waive dividends for 2012, the genco said in a statement.
Net profit of 3.3 billion rubles for 2011 will be retained (3.1 billion rubles) or put into the reserve fund (165.4 million rubles).
Shareholders also elected a new board of directors, voting off Alexander Yugov, the deputy head of infrastructure sectors and military-industry sector organizations at the Federal Property Agency; Maria Tikhonov, the Energy Ministry's director of economic regulation and property relations in the fuel and energy sector; and Inter RAO UES deputy CEO Vyacheslav Artamonov.
They were replaced by Energy Fund Management Ltd head Roderick Peacock, LLC RDIF Management Company director Tagir Sitdekov and the head of Macquarie Infrastructure and Real Assets (MIRA) in Germany and Central and Eastern Europe Hilko Schomerus.
Inter RAO in May closed a deal to sell 26.4% of Enel OGK-5 to a consortium of funds that included AGC Equity Partners, the Russian Direct Investment Fund (RDIF), Rusenergo Fund, Xenon Capital Partners and MIRA.
The other members of the board were all reelected: Enel OGK-5 president Dominique Fache; CEO Enrico Viale; Carlo Tamburi, the managing director of the international division of Enel S.p.A.; Enel executive vice president for gas supplies Marco Arcelli; Enel Green Power CFO Giulio Antonio Carone; Enel's head of integration, safety and operational support Renato Mastroianni; Rohan Global Consulting chief executive Gerald Rohan; and Sergey Marinich, head of the legal department at LLC VTB Capital Investment Management.
Italian power company Enel owns 56.43% of the generating company, and the consortium of funds owns 26.43%.
