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Russia to sell 7 pct stake in RusHydro within year

© RIA Novosti . Ilia Pitalev / Go to the photo bankIgor Sechin
Igor Sechin - Sputnik International
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The Russian government plans to sell about seven percent of the country's largest hydroelectric operator RusHydro during the year, Deputy Prime Minister Igor Sechin said on Tuesday.

The Russian government plans to sell about seven percent of the country's largest hydroelectric operator RusHydro during the year, Deputy Prime Minister Igor Sechin said on Tuesday.

"About seven percent of shares in RusHydro will be sold during the year. We expect to sell the share package at a high price," Sechin said.

The government has approved a $33 billion privatization plan for 2011-2013, which includes the sale of shares in the country's top 10 companies, although there are no firm dates for sales.

The government has said it wanted to privatize 7.97 percent of RusHydro in 2011-2013.

The Russian government launched  the privatization drive earlier this year with the sale of a 10 percent stake in the country's second largest bank VTB, for about 96 billion rubles ($3.3 billion).

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