8 Dec 2011 15:58

IES Holding agrees to sell power plant to Rusal

MOSCOW. Dec 8 (Interfax) - IES Holding has signed a deal to sell the Bogoslovsk combined heat and power plant to aluminum giant UC Rusal, Russian Prime Minister Vladimir Putin said.

"They have agreed that IES and Rusal will sign a separate agreement on the terms of this power plant's sale to Rusal," Putin said during a meeting devoted to issues at the Bogoslovsk aluminum works and Taganrog automobile plant.