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Company history

    2011:

  • Through additional share placement, OAO INTER RAO UES acquires controlling stakes in OAO OGK-1, OAO OGK-3, OAO TGK-11, five electricity sales businesses (including Moscow-based OAO Mosenergosbyt and OAO Peterburgskaya Energosbytovaya Kompania) as well as a management company, OAO Obyedinyonnaya Energosbytovaya Kompania
  • Since April 2011, combined installed capacity of power plants managed by OAO INTER RAO UES exceeds 28 GW.

    • 2010:

  • OAO INTER RAO UES approves medium-term development strategy focused on becoming a top ten energy company worldwide by 2020
  • OAO INTER RAO UES actively develops related businesses mainly focusing on engineering and energy industry machinery
  • OAO INTER RAO UES completes acquisition of Quartz Group, a leading Russian engineering and service provider.
  • OAO INTER RAO UES creates a number of joint ventures with the leading international machine building alliances including General Electric and WorleyParsons
  • OAO INTER RAO UES shareholders approve a large-scale private placement of additional stock
  • The company starts transition to divisional model of business management.

    • 2009:

  • OAO INTER RAO UES becomes a top five company in Standard&Poor's informational transparency rating
  • OAO INTER RAO UES shares are included in MSCI EM index
  • OAO INTER RAO UES and OAO OGK-1 sign an agreement appointing the former as OAO OGK-1 management company and the sole executive authority
  • OAO INTER RAO UES signs the second 10-year agreement to supply electricity to Lithuania.

    • 2008:

  • OAO INTER RAO UES is established with OAO Sochinskaya TES, OAO Severo-Zapadnaya TETS, OAO Ivanovskiye PGU and OAO Kaliningradskaya TETS-2, which all ceased to exist as independent legal entities, becoming its subsidiaries
  • OAO INTER RAO UES acquires 49% stake in ZAO Moldavskaya GRES thus consolidating its 100% ownership.

    • 2007:

  • OAO RAO UES of Russia Board of Directors approves the "Key components of ZAO INTER RAO UES strategy" focused on increasing business capitalization by 2015
  • The board decides to consolidate a number of generating assets including OAO Severo-Zapadnaya TETS, OAO Ivanovskiye PGU, OAO Kaliningradskaya TETS-2 and OAO Sochinskaya TES in a single entity managed by ZAO INTER RAO UES management team
  • General Meeting of Shareholders decides to reorganize OAO RAO UES of Russia by establishing OAO INTER RAO UES Holding and merging it with Sochi TPS.

    • 2006:

  • Armenian Public Services Regulatory Authority approves sale of 100% stake in ZAO Elektricheskiye Seti Armenii to Interenergo B.V., a subsidiary of ZAO INTER RAO UES.

    • 2005:

  • ZAO INTER RAO UES acquires a 50% stake in AO Ekibastuzskaya GRES-2 under Kazakhstani enterprise debt settlement program.
  • Joint Russian-Tajik OAO Sangutda-1 HPP is established
  • ZAO Moldavskaya GRES becomes a part of INTER RAO UES Group
  • ZAO INTER RAO UES acquires 25% + 1 shares of OAO Severo-Zapadnaya TETS
  • ZAO INTER RAO UES acquires 70% stake in Turkish TGR Enerji to facilitate business development and investment projects in Turkey and nearby emerging markets.

    • 2004:

  • RAO Nordic Oy, a subsidiary of ZAO INTER RAO UES, becomes one of the largest business structures in Finland.

    • 2003:

  • FGUP Concern Rosenergoatom acquires 40% stake in ZAO INTER RAO UES. Besides a change in shareholding structure, this acquisition gives our company a strong momentum in transborder energy supplies as ZAO INTER RAO UES de-facto becomes a unified import and export operator for two largest Russian generating companies
  • ZAO INTER RAO UES starts buying excess energy at the Federal wholesale electricity market
  • ZAO INTER RAO UES starts to actively acquire international energy assets.

    • 2002:

  • The company starts exporting Russian energy and rents a generating unit at Iriklinskaya Power Station (OAO Orenburgenergo) to produce its own energy.

    • 2001:

  • The company starts trading internationally generated energy in international markets. The first large project involves delivery of energy generated by Lithuanian Ignalina Nuclear Power Plant to Belarus and Kaliningrad Oblast.
  • The company establishes its first subsidiaries to work on international energy markets.

    • 1997:

  • RAO UES of Russia establishes a fully owned subsidiary, ZAO INTER RAO UES.