Date: 5 months ago   Category: Energy

RusHydro has postponed sale of a share in the Irkutsk electric grid company — Rambler News Service


The board of directors of RusHydro has postponed the date of realization of a share in the Irkutsk electric grid company (IESK) on the fourth quarter 2019, it is told in materials of RusHydro. "To make the following changes to the plan of measures on realization of non-core assets of RusHydro for the IV quarter 2017 - 2018 to change the term of realization of JSC IESK for the IV quarter 2019" — it is said in materials. In February of the current year the Federal Antimonopoly Service (FAS) of Russia has approved the petition of RUSAL for purchase of 42,75% of the Irkutsk electric grid company (IESK) from RusHydro. In April the board of directors of RusHydro has approved final conditions of participation of the company in the project of RUSAL on completion of the Taishet aluminum plant (TAAZ). According to terms of payment of participation of RusHydro in the project RUSAL counts partial payment 42,75% of the stocks of the Irkutsk electric grid company belonging to RusHydro at the price of $150 million.

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