RusGidro BOD approved the conception of the design activity restructuring through the consolidation of the design institutions and formation of the single complex, the company informed.
The wholly-owned RusGidro sub is assumed to be set up under the name of Gidroproekt Association.
RusGidro (TIN 2460066195) is the largest generating company in Russia involving 61 renewable energetic objects with 26.1 GW in capacity including Sayano-Shushenskaya GES (6400 MW). In 2011 output reached 77007mln kWh which is 7% higher prior year period.
The share capital is equal to 290.303bn rub.; the government holds 57.97%.
The 9-month 2012 net losses (IAS) reached 2.530bn rub. vs. 34.792bn rub. in profit prior year period; revenues moved down 24.6% to 215.061bn rub. from 285.232bn rub.; pretax profit - 7.2 fold to 6.383bn rub. from 46.186bn rub.; EBITDA - 32.6% to 39.922bn rub. from 59.237bn rub.
The 9-month 2012 net profit (RAS) declined 18% to 19.963bn rub. from 24.451bn rub. prior year period; revenues being down 2% to 68.276bn rub. from 69.460bn rub.; gross profit lost 29% to come to 27.215bn rub. from 38.441bn rub.
"AK&M", 10:11, 21.02.2013 1251 AKM,COR
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