Support The Moscow Times!

7% of RusHydro for Sale

The government plans to sell in the next 12 months a stake of about 7 percent in RusHydro — the country's biggest hydroelectric power producer — worth about $1 billion at current prices.

"About 7 percent of RusHydro will be prepared for sale and sold within one year," Deputy Prime Minister Igor Sechin told reporters on Tuesday. "We are expecting to get a good price."

Russia had said it planned to sell a 7.9 percent stake in RusHydro from 2011-2013 as part of a broader $30 billion asset sale. It owns 57.9 percent of RusHydro, which said earlier this year it had had talks with unidentified European and Chinese companies on selling the stake.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.