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)
Anton Nazarov Head of Public Relations +7 495
664-88-40 (ext. 2208)
Svetlana Chuchaeva Head of Corporate Relations +7 495
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
MSCZMMGMGMFGZZM -0- Nov/01/2012 10:24 GMT
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