Inter RAO board to elect head again on Sept 27
MOSCOW. Sept 14 (Interfax) - The board of directors at Russian energy company Inter RAO UES , which was elected on August 31, will elect its chairman again on September 27, the company said in a press release.
The board will also set up committees and look at various deals, although the nature of the deals has not been disclosed.
The Inter RAO board was elected at an extraordinary shareholders meeting on August 31. Shareholders made just one change from the board they elected at their AGM - Federal Grid Company UES Chairman Oleg Budargin took over the seat of Rosimuschestvo (State Property Management Agency) Chairman Yury Petrov.
Inter RAO announced on August 30 that Russian Regional Development Bank President Grigory Kurtser had been appointed board chairman. The subsequent inclusion of Budargin to the board requires the board chairman to be re-confirmed.
The Inter RAO board consists of: Kurtser, Budargin, Norilsk Nickel Chairman Vladimir Strazhalkovskiy, Russian Technology Deputy General Director Dmitry Shugaev, Gazprom Management Board Member Kirill Seleznev, Gazprom Energoholding General Director Denis Fedorov, Inter RAO Chairman Boris Kovalchuk, Rosatom Deputy General Director Alexander Lokshin, RusHydro Chairman Yevgeny Dod, Vnesheconombank Chairman Vladimir Dmitriev, and United Energy Company General Director Vyacheslav Kravchenko.
Inter RAO owns and manages power plants with combined capacity of around 28 gigawatts as well as various energy distribution companies. The company holds the monopoly for electricity imports and exports in Russia.
The Federal Grid Company owns 20% of Inter RAO shares, Norilsk Nickel owns 14.2%, Rosatom - 13.4%, VEB - 5.4%, Rosimuschestvo - 14.8%, RusHydro - 5.3% and Gazprom around 2%.
