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Russian's Coal Magnate Business Expands with Rushydro Asset Swap

Coal News - Published on Mon, 30 Sep 2019

Image Source: energy.economictimes.indiatimes.com
Reuters reported that Russian power company Rushydro has agreed to swap several assets in Russia’s far eastern region with its business partner Andrey Melnichenko and plans to complete the deal by the end of 2019. As part of the swap, Melnichenko, who has been expanding in Russia’s coal power sector, will obtain the Luchegorsky steam coal mine and the Primorsk power station with 1.5 gigawatts of capacity both in Russia’s far eastern region, where he has not had a presence so far.

Melnichenko’s SUEK, Russia’s largest steam coal producer, owns Siberian Generating Company with coal power plants that have a total capacity of 10.9 gigawatts.

Source :

Posted By : Rabi Wangkhem on Mon, 30 Sep 2019
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