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Gazprom's Subsidiaries to Merge
22.06.2011 14:02
Gazprom's Subsidiaries to Merge

Shareholders of Gazprom subsidiary companies OGK-2 and OGK-6 voted for the amalgamation of the companies. As a result, a third-largest company of Russia's electricity market will be created. 

      The capacity of the new OGK will be about 17,9 gigawatts. The combined capacity will yield only the RusHydro and Rosenergoatom. The new company's share in the electricity production market in Russia will be about eight percent. 

      The merger of OKG-2 and OGK-6 is scheduled for October, 1, 2011. The decision to merge the companies was made at the end of April.

Author: Ksenia Dzhalagonia

Tags: Gazprom Russian business Russian market   

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