OJSC Gazprom established indirect control (through Gazprom energoholding LLC) over 89.98% of the authorized capital of OJSC Moscow Integrated Power Company, MIPC informed.
It will be recalled that on August 13, 2013, Gazprom energoholding was declared the winner of an auction to sell Moscow city's 89.98% stake in MIPC including movable and immovable property the company leases from the city.
Gazprom energoholding LLC is a vertically-integrated holding company wholly owned by OJSC Gazprom and managing Gazprom Group's generating companies. Gazprom energoholding is the largest owner of power assets (generation of electricity and heat power) in Russia: controlling stakes in OJSC Mosenergo, OJSC TGC-1, OJSC OGK-2 and OJSC MIPC. The Group comprises more than 80 power plants with a total installed capacity of ca. 38 GW (electric power) and 71,2 thousand Gcal/h (heat power).
Since 2007, the Gazprom energoholding Group has successfully delivered new power facilities with a total capacity exceeding 5 GW including some unique projects for Russia, such as the Adlerskaya combined cycle heat and power plant construction project (located in the region of the 2014 Winter Olympics in Sochi) and the most powerful combined cycle power unit in Russia (800 MW, operating at the Kirishi SDPP in Leningrad region).
Gazprom (tax number: 7736050003) is the world's biggest gas company. Its authorized capital is RUB 118.367 billion represented by 23,673,512,900 common shares at par value of 5 rubles. The Russian Federation is Gazprom's controlling shareholder. In 2012, Gazprom reduced gas production by 5.1% to 482.251 billion cubic meters.
Gazprom's net profit for 2012 as per IFRS attributable to its shareholders dropped by 10% to RUB 1.183 trillion. Sales revenue (net of the VAT and customs duties) increased by 3% to RUB 4.764 trillion.
According to the information and retrieval system DataCapital, net profit of Gazprom for 2012 as per RAS decreased by 37% to RUB 556.3 billion. The company's revenue increased by 3.5% to RUB 3.659 trillion from RUB 3.534 trillion the year before. Pre-tax profit shrank by 34% to RUB 754 billion from RUB 1.145 trillion in 2011.
OJSC Moscow Integrated Power Company (MIPC, name as per Articles, Russian: MOEK, tax number: 7720518494) supplies heat and hot water to 70% of residential and office buildings, industrial facilities and social institutions of Moscow. MIPC is present in all segments of the power market: production, distribution and sale of thermal energy as well as production of electric power.
IFRS net loss of OJSC Moscow Incorporated Power Company for 2012 dropped 9.69-fold to RUB 170 million from RUB 1.648 billion the year before. Revenue grew by 3.12% to RUB 93.526 billion from RUB 90.698 billion, operating profit decreased by 41.52% to RUB 1.366 billion from RUB 2.336 billion, pre-tax profit by 0.07% to RUB 1.474 billion from RUB 1.475 billion.
RAS net loss of OJSC Moscow Integrated Power Company (MIPC) for H1 2013 decreased 6.62-fold to RUB 801.617 million from RUB 5.308 billion the year before. Revenue grew by 22.34% to RUB 55.091 billion from RUB 45.029 billion, sales loss decreased by 7.94% to RUB 8.034 billion from RUB 8.727 billion, pre-tax profit was RUB 530.273 million against a loss of RUB 5.057 billion in H1 2012.