JSC INTER RAO UES Board of Directors approved Corporate Development Strategy until 2015 with an outlook till 2020

Января 20, 2011

The Strategy stipulates that by 2020, INTER RAO UES needs to transform into a global power corporation and become one of the top 10 electric power companies worldwide by installed capacity and size of business. To achieve these objectives, the company will deliver on a series of strategic initiatives in several key directions.

These include, in the first place, ensuring reliability, safety and operational efficiency of active assets and expanding company operations along the power industry value chain from fuel mining to generation to retail sales, engineering and power equipment manufacturing.
Active involvement in energy-saving, energy efficiency and innovation initiatives is also a key direction outlined in the Strategy.
This vertically integrated business model will help increase operational efficiency through various synergies and gain additional benefits from the economy of scale.
International expansion will eventually ensure balanced business distribution across Russian and international markets. Foreign trade, where the Company is traditionally strong, will serve as an instrumental driver of this process.
As a part of Strategy implementation, JSC INTER RAO UES is preparing to issue additional stock which will be paid for by a number of power industry assets owned by the Russian Federation, state-owned enterprises and private investors.
"The development strategy sets out ambitious goals in front of us. Yet we see that we are capable of achieving them and are confident that we will be able to deliver. I guarantee that INTER RAO UES management will make everything possible to increase Company, and for that matter, overall industry efficiency, and to ensure reliable and uninterrupted supply of electricity to all target regions of our presence," said JSC INTER RAO UES Chairman Boris KOVALCHUK.