Urals | Energy, utilities

OGC-1 asks RF for $866.5m buy-out

1 Nov '08
Energy supplier OGC-1 is asking the government for $866.5m to buy its shares to build a 450MW Urengoyskaya Power Station in Yamalo-Nenets Autonomous Okrug, sources in the company reported today.

The firm wants the government to buy its shares through state bank, Vneshekonombank, for instance, said CEO, Vladimir Klebnikov.

Under plans, by 2011 the firm is to set up a gas power-generating block with capacity of 450MW at the power station to increase its current capacity of 24MW.
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Tags: OGC 1 (7) / power station (316) / share (208) / Vneshekonombank (2) / Vladimir Klebnikov (0) / Urengoyskaya Power Station (0) /

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