Inter RAO Seeks European Power Assets From E.ON, RWE and Enel

OAO Inter RAO UES is in talks with E.ON AG, RWE AG and Enel SpA on possible asset swaps or acquisitions in Europe as the Russian state-controlled power trader seeks to expand abroad, a company official said.

Inter RAO is close to a agreement to buy for cash the Mariza power plant in Bulgaria from Enel, Italy’s largest utility, and may announce the outcome at the end of January, Ilnar Mirsiyapov, head of the company’s strategy and investment department and management board member, said today at a briefing in Moscow.