Sayano Dam Unit to Restart

March 23, 2010

RusHydro jumped the most in a week Monday after Prime Minister Vladimir Putin signed off on the restart of another unit at its damaged Sayano-Shushenskaya station, where 75 people were killed in an accident in August.

The stock gained 1.5 percent to 1.46 rubles. RusHydro may restart a 640-megawatt unit at the plant, Putin told his deputy, Igor Sechin.

“The news will, in our view, improve sentiment over RusHydro and the overall view of the new management team,” VTB Capital analysts Dmitry Skryabin and Mikhail Rasstrigin wrote in a research note.

(Bloomberg, MT)

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