24 Sep 2009 12:49

Federal Grid Company prepared to take govt stake in TGK-6, TGK-7 from IES

MOSCOW. Sept 24 (Interfax) - Russia's Federal Grid Company (FGC) is prepared to take on the government's stakes in territorial generating companies TGK-6 and TGK-7 from Integrated Energy Systems (IES), which bought the shares from RAO UES a year ago on deferred terms but has yet to pay for them, FGC first deputy chief Sergei Ivanov told journalists.

"We're prepared to return the shares" to FGC, he said.

In the future, FGC would either transfer these stakes to Inter RAO or bring in professional managers, he said.