Inter RAO Group has finalized the sale of its subsidiary holding 100% ownership stake in Georgian Mtkvari Energy to a consortium of international investors.

Mtkvari Thermal Power Plant is located near the town of Gardabani 40 kilometers from Tbilisi. It uses two 300 MW power generation units built in the 1990s and firing natural gas as their primary fuel.

'As per our 2020 development strategy, Inter RAO Group mostly focuses on the development of our business in the Russian Federation,' said Ilnar MIRSIYAPOV, Head of Strategy and Investments Unit of PJSC Inter RAO. 'We will continue our active involvement in Georgia in both hydro generation and electricity transmission and retail.'

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Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business. The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and Russia's leading electric utility by energy efficiency. Inter RAO Group owns and operates 33 GW of installed power generation capacity.www.interrao.ru


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