Inter RAO
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| Public () | |
| Traded as | MCX: IRAO |
| Industry | Electricity |
| Founded | 1997 |
| Founder | RAO UES |
| Headquarters | Moscow, Russia |
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Key people
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Boris Kovalchuk, (CEO) Igor Sechin (Chairman of the Board of Directors) |
| Products | Electrical power |
| Revenue |
 US$18.24 billion (IFRS, 2011) |
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$ 1.41 billion (IFRS, 2011) |
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| Total assets | €3,854 million (as of 31 December 2010) |
| Total equity | €2,395 million (as of 31 December 2010) |
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Number of employees
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15,879 |
| Website | interrao.ru |
Joint Stock Company Inter RAO UES (Russian: Публичное акционерное общество «ИНТЕР РАО ЕЭС», short form: Inter RAO), traded as, is a diversified energy holding company headquartered in Moscow, Russia. Its business includes power and heat generation, electricity supply, international energy trading, engineering, design and development of electric power infrastructure. In addition to Russia it controls several energy companies outside Russia including thermal and hydro power plants, grid operators and energy traders. It holds a monopoly on the export and import of electricity in Russia.
Inter RAO is one of the largest Russian public energy companies by market capitalization which exceeded US$10.5 billion at the end of 2011. In fiscal year 2011 the company reported a revenue of USD 18.24 bn (versus USD 15.28 bn in 2010) and net income of $1.41 billion (vs $614 million in 2010). At the end of 2011, Inter RAO Group had more than 47,000 employees.
Inter RAO was established in 1997 as a subsidiary of the Russian unified power company RAO UES. Its initial focus was international energy trading.
In 2002, Inter RAO started exporting electricity from Russia and generating its own electricity using a rented power generation unit at Irikla Thermal Power Plant. In 2003, Rosenergoatom acquired a 40% stake in Inter RAO, and the company became the sole exporter of Russian electricity.
In 2005, Inter RAO made several acquisitions:
In the same year, Inter RAO co-founded Sangtuda 1 Hydroelectric Power Plant in Tajikistan. In 2006, Inter RAO Group acquired 100% stake in Electric Power Grids of Armenia.
In early 2008, Inter RAO obtainted listings on the Russian stock exchanges MICEX and RTS. As a part of its reorganization, Inter RAO received several Russian power generation facilities including Sochi Thermal Power Plant, North-West Thermal Power Plant, Ivanovo CCPP and Kaliningrad CHPP-2. In the same year, Inter RAO purchased the remaining 49% stake in Moldavskaya GRES.
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