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thus view the news as neutral to marginally positive for IRGZ and KRSG at this stage.
The core operators of the HPPs involved in the regulation are RusHydro (HYDR RX - Buy), IrkutskEnergo (IRGZ RX - Under Review) and Krasnoyarsk HPP (KRSG RX - Not Rated).
The company'score assets are controlling stakes in IrkutskEnergo (IRGZ RX - Spec Buy) and Krasnoyarsk HPP (KRSG RX - Not Rated).According to preliminary information, initially EurosibEnergo scheduled its IPO for the beginning of December and expected toraise up to $1.5 bln through the placement of 25% of extended shareholder capital.
On November 17, shareholders of Krasnoyarsk Hydro-Power Plant (RTS: KRSG)convened for a meeting, where they did not approve a dividend payment for 12M2009or 1H2010, Interfax reported.
ESE owns 68.3% and 50.2% stakes in Krasnoyarsk HPP (KRSG - Not Rated) and IrkutskEnergo (IRGZ - Not Rated), both of which are public companies.
Krasnoyarsk hydroelectric power plant (RTS: KRSG) targets IFRS FY 2009 revenue of RUB 5.6 billion.
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- KRS One
- Krstic, Djordje
- Krsto Ivanov Mijatev