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INTER RAO UES OJSC is a fast growing power supplier with a number of generation and distribution assets in Russia and abroad. The total installed capacity of electric power stations of INTER RAO UES Group is about 18,000 MW. The company is a major investor and a leading exporter and importer of electric power in Russia.
The company was set up in spring 2008 as a successor to INTER RAO UES CJSC merged with a number of Russian-based gencos transferred under its control as part of the reform of Russia's power industry.
INTER RAO UES CJSC was set up in May, 1997, by resolution of its founder, RAO UES of Russia OJSC, of 20 August, 1996, No. 13r, under the Civil Code of the Russian Federation, the Federal Law on Joint-Stock Companies, and other statutes and regulations of the Russian Federation.
The mission of INTER RAO UES OJSC is to organize cross-border deliveries of electric power, provide it to consumers in this country and abroad, make effective investments, and expand the range of services provided. The company consistently implements Russia's energy strategy as regards the RF power industry reform by improving the performance of its trading operations and expanding its target markets and the scope of its activities. At present, INTER RAO UES OJSC is developing its business along several lines. These include:
- export and import of electric power;
- trading in electrical power in the domestic and foreign markets;
- investment;
- management of foreign assets;
- retailing of electrical power.
INTER RAO UES OJSC is a fast growing transnational company. INTER RAO UES OJSC currently heads a group of more than 20 companies based in fourteen countries. By acquiring foreign assets, the company significantly consolidates its position in commercially attractive electric power markets in Europe, the South Caucasus, the Far East and Central Asia, fuelling the growth of the RF economy.
The company demonstrates an upward trend in its trading volume, with the number of the Company's partners, both in and outside Russia, increasing year in, year out.
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