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Gazprom ups stake in Moscow power utility to controlling interest

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MOSCOW, December 20 (RIA Novosti) - Gazprom [RTS: GAZP] has increased its stake in Moscow's main power generator Mosenergo from 49.9% to 53.5%, the Russian energy giant said on Thursday.

Gazprom said in a statement that the corresponding changes were made on December 4.

Mosenergo, Russia's largest territorial generating company supplying 80% of Moscow's heating requirements and 85% of the capital and Moscow Region's electricity, unites 17 electric power plants with electric power capacity of 10,600 MW and thermal generation capacity of 39,000 MW.

Mosenergo posted a net profit of 1.524 billion rubles (about $58.2 million) in 2006.

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