04:46 GMT +313 December 2018
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    UES says to choose new generating companies for IPO in Sept. - 1

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    MOSCOW, September 13 (RIA Novosti) - Unified Energy System [RTS: EESR] will consider the candidacies of new generating companies to conduct initial public offerings this month, the head of the country's electricity monopoly said Wednesday.

    "I think that with account for increased interest in generating companies, we can launch the IPO program for most generating companies," Anatoly Chubais said. "A new list of companies will be presented in September this year at a board meeting."

    "We want to attract $17 billion through the company IPO mechanism," he said.

    Earlier, it was reported that on June 23, the UES board approved a list of pilot projects to issue additional stock of wholesale generating companies (WGC) and territorial generating companies (TGC). WGC-3, WGC-4, WGC-5, Mosenergo (TGC-3) and TGC-9 are on the list.

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