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Interfax.com  |  Interfax news  |  Rosatom registers NovaWind to consolidate wind...


News headlines


September 14, 2017 09:25

Rosatom registers NovaWind to consolidate wind power assets

MOSCOW. Sept 14 (Interfax) - Rosatom has registered the company JSC NovaWind to consolidate the Russian state nuclear corporation's wind power assets.

The current head of Rosatom's United Thermal Power Company (OTEK), Alexander Korchagin has been appointed CEO of NovaWind, Rosatom wind power subsidiary VetroSGC said in a statement.

VetroSGC, which is carrying out projects to build 970 MW of wind farms, will become part of NovaWind. OTEK will cede its rights under a license agreement with Lagerwey to NovaWind. The new management company will subsequently become a shareholder of a joint venture with the Dutch company.

"The thermal power business of OTEK, of which I am also the director, will become a separate business unit. OTEK's management team has managed to solve the problems that the state corporation set before us. We successfully implemented a new, efficient model for managing the business: the profitability of the state corporation's non-nuclear energy division doubled in three years. Now we need to completely focus on projects in new energy," Korchagin was quoted as saying.

It was reported earlier that the board of directors of Atomenergoprom, which consolidates the civilian assets of the nuclear sector, approved participation in NovaWind on September 5. NovaWind's charter capital will be split into 1.101 billion shares with par value of 1 ruble each. Following state registration of the company, Atomenergoprom will acquire all shares in it for 1.101 billion rubles.

Vp aa

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
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September 24, 2017
 
19:05
Silver Arrow int'l drills to be held in Latvia in 2nd half of October
 
17:41
Moldovan Socialist Party begins signature collection for transition to presidential form of government
 
16:53
Karabakh settlement mediators, Azerbaijani, Armenian FMs discuss meeting between leaders of two countries - OSCE
 
16:48
Baku looking into info about 300 Azerbaijani nationals joining ISIL killed in Iraq
 
16:30
Russia, Turkey record 14 truce breaches in Syria over past 24 hours
 
16:26
Russian Defense Ministry publishes photos of U.S. special task forces in Syria's militant-controlled areas (Part 2)
 
15:15
Signals come from U.S. State Dept about willingness to improve U.S.-Russia relations - Ambassador Antonov
 
14:44
Russia receives no concrete proposals regarding its own draft resolution on peacekeepers in Donbas - Lavrov
 
13:55
U.S. not to attack N. Korea because Washington knows for sure Pyongyang has atomic bomb - Lavrov (Part 2)
 
13:12
Russian Defense Ministry publishes photos of U.S. special task forces in Syria's militant-controlled areas
 
12:49
U.S. not to attack N. Korea because Washington knows for sure Pyongyang has atomic bomb - Lavrov
 
12:15
UNITED STATES NOT TO STRIKE ON N. KOREA BECAUSE KNOWS FOR SURE THAT PYONGYANG HAS ATOMIC BOMB - LAVROV
 
12:11
RUSSIAN DEFENSE MINISTRY PUBLISHES EVIDENCE OF U.S. SPECIAL TASK FORCE EQUIPMENT'S PRESENCE NEAR SYRIA'S DEIR EZ-ZOR
 
11:14
 
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