MOSCOW Oct 3 Russia's powerful first deputy
premier, Igor Sechin, has been nominated to the board of
electricity trader Inter RAO (IRAO.MM), the company said in a
statement on Friday.
Sechin, Russia's top energy official and ally of Prime
Minister Vladimir Putin is also the chairman of Russia's largest
oil firm, state-controlled Rosneft (ROSN.MM). His candidacy at
Inter RAO must be approved at a shareholders meeting on Oct. 23.
Created after the recent privatisation of Russia's power
sector, Inter RAO has been deemed a strategic asset and remains
under indirect state control.
The company, whose primary revenues are from the import and
export of electricity, has a power generating capacity of 8,000
megawatts at stations in the former Soviet Union, and trades
electricity in Finland and Turkey.
It has plans to increase that capacity to 30,000 megawatts
As part of a Turkish-Russian consortium, Inter RAO was the
sole bidder in a tender to build and operate Turkey's first
nuclear power plant last week, marking a major advance in the
goal of expanding its network of power assets towards Europe.
Last month it signed a stategic partnership with EDF
(EDF.PA), with the French group considering buying a minor stake
in the Russian partner.
(Reporting by Olga Popova, writing by Simon Shuster)