JSC Inter RAO UES IRAO Gas Supply Agreement

  JSC Inter RAO UES (IRAO) - Gas Supply Agreement

RNS Number : 0860Q
JSC Inter RAO UES
01 November 2012




                         Gas Supply Agreement between

             INTER RAO - Electric Power Plants and Samaraneftegas

                                      

Moscow, November 01, 2012-Open Joint Stock Company "INTER RAO UES" ("INTER RAO
UES", "Company", ticker on MICEX-RTS, LSE (Reg. S): IRAO; on LSE (Rule 144 A):
IRAA), the largest  diversified utilities  holding in  Russia, announces  that 
INTER RAO - Electric Power Plants, OJSC ("Buyer"), a company registered  under 
the laws of  the Russian Federation  and wholly  owned by INTER  RAO UES,  has 
executed the  gas supply  agreement with  OJSC "Samaraneftegas"  ("Supplier"), 
which entails  or might  entail  obligations of  INTER  RAO -  Electric  Power 
Plants, OJSC equal or exceeding 150,000,000 RUB (approx. £2 972 692).



According to the gas supply Agreement  the Supplier undertakes to deliver  the 
processed natural gas fuel in the period from January 1, 2016 to December  31, 
2040, and the  Buyer shall  accept and  pay on time  for the  supplied gas  in 
accordance with the terms of the  Agreement. The maximum annual volume of  gas 
is 35 billion cubic meters.



Execution of the  said Agreement  was approved by  the Board  of Directors  of 
"INTER RAO - Electric Power Plants", OJSC on October 30, 2012.



INTER RAO UES has been informed on the completion of the aforesaid transaction
on November 01, 2012.











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

For further information, please contact INTER RAO UES:

Irina Makarenko Head of  Investor Relations +7  495 
664-88-40 (ext. 2008)

makarenko_ia@interrao.ru

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

nazarov_aa@interrao.ru

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

 chuchaeva_sy@interrao.ru

INTER RAO UESis 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 UES Group owns  and 
operates approximately 28,000 MW of installed power generating capacity. INTER
RAO UES 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

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCZMMGMGMFGZZM -0- Nov/01/2012 10:24 GMT
 
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