Source - RNS
RNS Number : 1781K
PJSC Inter RAO UES
19 September 2016
 

The related-party transactions of Inter RAO

Moscow, September 19, 2016 - Public Joint Stock Company "Inter RAO UES" ("Inter RAO", "Company", ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announces that on September 16, 2016 Inter RAO have executed several transactions with Limited liability company «Kaliningradskaya power generation» and LLC Inter RAO - Engineering:

1. Guarantee agreement between the Limited liability company «Kaliningradskaya power generation» (Lender) and Inter RAO (the Guarantor) for the General contract on execution of works on construction of Primorskaya TPP.

2. Agreement of guarantee between LLC Inter RAO - Engineering and Inter RAO (the Guarantor) for performance of the obligations arising from the Contract of the General contract on execution of works on construction of Primorskaya TPP.

3. Guarantee agreement between Limited liability company «Kaliningradskaya power generation» and Inter RAO (the Guarantor) for the General Contract on execution of works on construction Pregolskii TPP.

4. Agreement of guarantee between LLC Inter RAO - Engineering (the Debtor) and Inter RAO (the Guarantor) for performance of the obligations arising from the Contract of the General contract on execution of works on construction of Pregolskii TPP.

These transactions in reference to each other are considered the related-party transactions for Inter RAO according to the legislation of the Russian Federation and have been approved by the Company's Board of Directors on September 15, 2016.

Maximum amount of the transactions in reference to each other is 7,865,191,030.64 RUB (approx. £91,628,739 or 1.90 % of the book value of Inter RAO assets).

 

The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation.

 For further information, please contact Inter RAO:

Larisa Sadovnikova                             Head of Investor Relations       +7 495 664-88-40 (ext. 2068)

[email protected]

Anton Nazarov                                    Head of Public Relations         +7 495 664-88-40 (ext. 2208)

[email protected]

Svetlana Chuchaeva                 Head of Corporate Relations              +7 495 664-88-40 (ext.2081)

[email protected] 

 

Inter RAO is a diversified utilities holding headquartered in Moscow and managing assets in different countries. The company produces and sells electric energy and heat, trades energy on the international market, and engineers, designs and builds generating assets. Inter RAO Group owns and operates approximately 32 GW of installed power generating capacity. Inter RAO corporate strategy is focused on making the company a global energy enterprise and a key player in the international energy market.

For further information see www.interrao.ru

 


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