UES CHP auction

23 March 2007


The public auction sold holdings by UES, Kuzbassenergo, SIBENCO at a reserve price of RUB5.7 billion ($219 million).

The shares were sold to InvestEnergoProekt, which offered RUB5.95 billion ($228 million) or roughly $407/kW installed at the 600 MW plant.

The Zapadno-Sibirskaya plant supplies about 42% of its heat directly to the West Siberian Steel Mill.




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