“Market Cap $2.42 B As of May 2014
At a Glance
- Industry: Electric Utilities
- Founded: 1997
- Country: Russia
- CEO: Boris Yurievich Kovalchuk
- Website: www.interrao.ru
- Employees: 59,670
- Sales: $20.78 B
- Headquarters: Moscow
#1324 Global 2000
- #453 in Sales
- #1286 in Assets
INTER RAO UES OJSC is engaged in the distribution and generation of electrical power. It is also involved in the retail of electricity, international power trade, power industry engineering, export of power equipment, distribution management to other countries, and investment in the construction of generation facilities. The company was founded in May 1997 and is headquartered in Moscow, Russia.“
“Inter Rao History
Inter RAO was established in 1997 as a subsidiary of RAO United Energy Systems of Russia focused on export and import of electricity.
Prior to completion of energy industry reform in summer 2008, INTER RAO UES went through reorganization into a public company and completed an IPO on MICEX and RTS stock exchanges. At the same time, INTER RAO UES acquired a number of international assets and several Russian power plants mainly located near borders of Russia and primarily focused on export of electricity.
In 2009 the shares of INTER RAO UES were included in MSCI Emerging Markets Index.
In 2010 INTER RAO UES approved a medium-term development strategy focused on making the company a top 10 player worldwide by 2020.
Inter RAO keeps expanding its portfolio of power generation and supply assets while also actively developing other lines of business, primarily engineering and industrial machinery for electric power industry.”
*Information from Forbes.com and Interrao.ru
**Video published on YouTube by “mercatorstudio“