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Ministry of Economic Development: it is necessary to save RusHydro from unprofitable assets of RAO ES of the East

RusHydro must be "cleared" of all unprofitable assets, primarily RAO ES of the East, according to a March letter from Deputy Minister of Economic Development Nikolai Podguzov to the government. "Sheets".

Four new power plants in the Far East worth 87,8 billion rubles are not payable, the largest "daughter" "RusHydro" - RAO ES Vostoka is not in the best position: over the past four years, the company's net debt has grown by 35% - to 65 billion rubles.

The most promising option, according to the source of "Vedomosti", provides for the reorganization of the company. The conditional "Rusgidro A" will receive all profitable assets, and the conditional "Rusgidro B" - "RAO ES of the East" and unremunerated projects. The state share in "Rusgidro B" should make 100%, explains a source close to the Ministry of Economic Development. At the same time, RusHydro A will take RusHydro B into the management, Podguzov writes.

As a long-term measure, the Ministry of Economic Development proposes to attract a large private investor directly to «RAO ES of the East», for which it is proposed to change the tariff regulation in the region, making the business in this area attractive to investors, the letter of Podguzov says.

According to Vedomosti, the problems of RAO ES of the East were discussed in early April at a meeting with Dmitry Medvedev in Khabarovsk. Following the results of the Ministry of Finance, the Ministry of Economic Development and the Ministry of Energy, an order was given to 1 June to refinance the company's debt, “including the provision of RusHydro's state guarantees to state-owned banks, subject to the participation of banks in the RusHydro share capital.” Representatives of Medvedev and Deputy Prime Minister Arkady Dvorkovich did not answer whether the government supports the proposals of the ministry. A source of “Vedomostey”, close to the government, said that the orders of Medvedev and the proposals of the Ministry of Economic Development are not related to each other.

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