ST. PETERSBURG, June 27 (RIA Novosti) - Inter RAO UES, Russia's electricity import and export operator, could hold an initial public offering (IPO) in 2008, the head of electricity monopoly Unified Energy System of Russia said Wednesday.
Anatoly Chubais said the strategy of Inter RAO UES provided for the possibility of holding an IPO, but only after some Russian and overseas assets are contributed to the company's charter capital.
"For this purpose, it is necessary to contribute some Russian and overseas assets to the company's charter capital, including the Sangtudin-1 hydro power plant, which UES is building in Tajikistan," Chubais said.
After the contribution of assets to the company's charter capital and the IPO campaign, the government's stake in Inter RAO UES will stay at the level of 50% plus one share, Chubais said.
