Prior to this, Inter RAO had the right to dispose of 50% of the Dutch company, the company informed.
Rus Gas Turbines Holdings B. V. is the sole owner of Russian Gas Turbines LLC, according to the Unified State Register of Legal Entities.
PJSC Inter RAO UES (short name: PJSC Inter RAO, tax number: 2320109650) was established in May 1997 following the decision of the founder, OJSC RAO UES of Russia. It is the largest electric power export and import operator in Russia which manages numerous power assets in the Russian Federation and abroad. The total installed electrical capacity of the company's power plants is 33.487 GW, heat capacity is 25,731 GCal/h.
The authorized capital of Inter RAO UES reaches RUB 293.34 billion. It consists of 10,440,000,997,683 common shares with a face value of RUB 0.02809767 each.
RAS net profit of PJSC Inter RAO for 2019 increased by 15% to RUB 21.8 billion from RUB 18.9 billion a year earlier. Revenue increased by 2.2% to RUB 55.1 billion from RUB 53.9 billion, gross profit went up 8.4% to RUB 19.3 billion from RUB 17.8 billion. As of December 31, 2019, the company's total assets increased by RUB 51.4 billion (10.1%) against December 31, 2018 to reach RUB 557.7 billion.
IFRS net profit of Inter RAO for 2019 increased by 14.3% to RUB 81.9 billion from RUB 71.7 billion a year earlier. Revenue increased by 7.2% to RUB 1.032 trillion from RUB 962.6 billion, EBITDA by 16.7% to RUB 141.5 billion from RUB 121.3 billion.
IFRS net profit of Inter RAO for 1Q 2020 increased by 11.1% to RUB 34.6 billion from RUB 31.2 billion a year earlier. Revenue dropped by 5.2% to RUB 266.9 billion from RUB 281.4 billion, operating profit by 15.1% to RUB 32.6 billion from RUB 38.4 billion, EBITDA by 13.1% to RUB 41.4 billion from RUB 47.6 billion.
Russian Gas Turbines is a joint venture between General Electric and Inter RAO. The company manufactures high-performance 6F.03 (6FA) gas turbine units and provides related maintenance services. The RTG production complex in Rybinsk was commissioned and put into operation on October 24, 2014.
