7% of RusHydro for Sale

By The Moscow Times

June 28, 2011

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)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue