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MORE →Reflects the personal views, recollections, and perspective of the author, Mike Davis.
This is a personal recollection on the Move fire on May 13, 1985
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| PJSC Inter RAO UES | |
|---|---|
 | |
 | |
Native name | ПАО Интер РАО ЕЭС |
| Type | Public (ПAO) |
| MCX: IRAO | |
| Industry | Electricity |
| Founded | 1997 |
| Founder | RAO UES |
| Headquarters | , |
| Key people | Boris Kovalchuk, (CEO) Igor Sechin (Chairman of the Board of Directors) |
| Products | Electrical power Electric power infrastructure |
| Services | Electricity generation and distribution International trading |
| Revenue | $20.7 billion[1] (2025) |
| $1.25 billion[1] (2025) | |
| $1.57 billion[1] (2025) | |
| Total assets | $18.5 billion[1] (2025) |
| Total equity | $13.4 billion[1] (2025) |
Number of employees | 15,879 |
| Website | interrao.ru |
Joint Stock Company Inter RAO UES (Russian: Публичное акционерное общество «ИНТЕР РАО ЕЭС», short form: Inter RAO), traded as, is a diversified energy holding company headquartered in Moscow, Russia. Its business includes power and heat generation, electricity supply, international energy trading, engineering, design, and development of electric power infrastructure. In addition to its assets in Russia, it controls several energy companies outside Russia, including thermal and hydro power plants, grid operators, and energy traders. It holds a monopoly on the export and import of electricity in Russia.[2]
Inter RAO is one of the largest Russian public energy companies by market capitalization which exceeded US$10.5 billion at the end of 2011.[3] In fiscal year 2011 the company reported a revenue of US$18.24 bn (versus US$15.28 bn in 2010) and net income of $1.41 billion (vs $614 million in 2010).[4] At the end of 2011, Inter RAO Group had more than 47,000 employees. In 2021, the company's revenue amounted to 89 billion rubles.[5]
Inter RAO was established in 1997 as a subsidiary of the Russian unified power company RAO UES. Its initial focus was international energy trading.[6]
In 2002, Inter RAO started exporting electricity from Russia and generating its own electricity.
In 2005, Inter RAO made several acquisitions:
In early 2008, Inter RAO obtained listings on the Russian stock exchanges MICEX and RTS. As part of its reorganization, Inter RAO acquired several Russian power generation facilities, including the Sochi Thermal Power Plant, North-West Thermal Power Plant, Ivanovo CCPP, and Kaliningrad CHPP-2. In the same year, Inter RAO purchased the remaining 49% stake in the Cuciurgan power station.[7]
In the following years, the Government of Russia transferred the power companies' shares remaining after the reform of RAO UES to the property of state-owned companies RusHydro, FGC UES, Rosimushchestvo, and Rosneftegaz to Inter RAO. That included transfer of 41% stake in Irkutskenergo, 65.8% of OGK-1, 3.24% of OGK-4, 26.43% of OGK-5, 24.9% of TGC-6, 34.21% of TGC-7, 30.54% of TGC-11, 20.24% of Kuzbassenergo, 21.27% of Bashkirenergo, 14.48% of Sangtuda 1 Hydroelectric Power Plant (in Tajikistan), and 100% of Razdan Thermal Power Plant (in Armenia).[8][9]
In 2009, Inter RAO shares were included in the MSCI EM Index. At the end of 2009, INTER RAO was ranked fifth in Standard & Poor's informational transparency rating of the Russian energy companies.[10]
In June 2018, board member Karina Tsurkan was arrested by the Federal Security Service, on allegations of spying on behalf of Romania.[11]
On 13 May 2022, Inter RAO subsidiary RAO Nordic announced that it would suspend deliveries of electricity to Finland and stopped them at midnight. The announcement came one day after Finland's president Sauli Niinistö and prime minister Sanna Marin had expressed their support for Finnish membership in the North Atlantic Treaty Organization (NATO).[12][13] The move fits an ongoing pattern of economic sanctions and counter-sanctions in the wake of the 2022 Russian invasion of Ukraine.
Major shareholders of Inter RAO are Russian state-owned entities. As of August 2018, shareholders of Inter RAO were:[14]
Boris Kovalchuk is the CEO of Inter RAO.[15]
 | This section needs to be updated. (October 2016) |
The combined installed capacity of power plants operated by Inter RAO Group is approximately 28 GW.[16] Inter RAO UES controls the following power generation assets.
Russian power generating assets
| Asset | Location | Capacity |
|---|---|---|
| INTER RAO - Electric Power Plants | Russia | 2283 MW |
| OGK-1 | Russia | 9861 MW |
| OGK-3 | Russia | 8357 MW |
| TGK-11 | Russia | 1971 MW |
| Ivanovo CCPP | Russia | 110 MW |
Power generation assets in other countries
| Asset | Location | Capacity |
|---|---|---|
| Hrazdan TPP | Armenia | 1110 MW |
| Mtkvari TPP | Georgia | 600 MW |
| Khrami HPP-1 | Georgia | 112,8 MW |
| Khrami HPP-2 | Georgia | 114,4 MW |
| Ekibastuz GRES-2 Power Station | Kazakhstan | 1000 MW |
| Cuciurgan power station | Moldova | 2520 MW |
| Vydmantai Wind Park | Lithuania | 30 MW |
| Sangtuda 1 Hydroelectric Power Plant | Tajikistan | 670 MW |
The main export markets for INTER RAO are Finland, Lithuania and Belarus.[17]
The following Inter RAO subsidiaries are responsible for international energy trading:
From October 2021, Inter RAO has increased supplying electricity to China by 90% up from the planned amount, within the terms of the 25-year agreement of 2012 with State Grid Corporation of China.[18] At the end of the same month, China sent out a call to "Inter RAO" for nearly double current amounts of supplies of electricity by the end of the year 2021. According to Alexandra Panina, member of the board of "Inter RAO", the request of Chinese partners will be ratified almost completely.[19]
In October 2021, Inter RAO announced its intention to supply electricity to Kazakhstan in November, due to its "in-house" deficiency in the country.[20]
On 14 May 2022, RAO Nordic released a statement saying it was halting the import of power into Finland due to a lack of payment. Power transmission halted at 2200 GMT 14 May 2022.[21]
Inter RAO Group operates seven Russian power supply companies.[22]
| Asset | Location |
|---|---|
| Moscow Power Supply Company | Moscow, Russia |
| St. Petersburg Power Supply Company | Saint Petersburg, Russia |
| Altai Power Supply Company | Altai Krai, Russia |
| Saratovenergo | Saratov Oblast, Russia |
| Tambov Power Supply Company | Tambov Oblast, Russia |
| INTER RAO - Oryol Power Supply Company | Oryol Oblast Russia |
| RN Energo | Moscow, Russia |
| Power Grids of Armenia | Armenia |
| Telasi | Georgia |
INTER RAO Group controls two distribution grid companies in the South Caucasus, Power Grids of Armenia and Telasi.[citation needed]
| Asset | Location | Grid Length | Number of consumers, thousands |
|---|---|---|---|
| Power Grids of Armenia | Armenia | 30 335 km | 950 |
| Telasi | Georgia | 3 930 km | 466.9 |
Inter RAO develops its engineering business as a key component of its integrated business model. In engineering, Inter RAO plans to focus on the design of energy infrastructure, coordination of construction, delivery and installation of equipment, installation, configuration, and maintenance services, as well as the manufacturing of boiler and turbine equipment. The company asserts that these initiatives of its engineering business will help Inter RAO secure at least 20% of the thermal power plant engineering, construction, and equipment market.[23] List of main engineering businesses within Inter RAO Group:
| Asset | Location | Profile |
|---|---|---|
| INTER RAO-Engineering | Russia | Coordination of Group's engineering projects |
| Quartz Group | Russia | Construction of infrastructure facilities, all types of energy equipment repairs |
| Dominanta Group | Russia | Construction and operation of small generators |
| Joint Venture with GE and UK ODK | Russia | Manufacturing and sales of gas turbines |
| Joint Venture with WorleyParsons | Russia | Import of leading edge technologies to Russia |
{{cite web}}: CS1 maint: deprecated archival service (link)
A Moscow court has approved the arrest of a Moldovan-born executive of the Russian energy company Inter RAO, for allegedly spying for Romania, Russia's state news agency Tass reported.
The Interfax and TASS news agencies quoted a spokesperson at Moscow's Lefortovo district court as saying Karina Tsurkan had been detained by agents of Russia's Federal Security Service (FSB).
Source: Wikipedia. Article content is retrieved live through the MediaWiki API.
Joint Stock Company Inter RAO UES (Russian: Публичное акционерное общество «ИНТЕР РАО ЕЭС», short form: Inter RAO), traded as, is a diversified energy holding company headquartered in Moscow, Russia. Its business includes power and heat generation, electricity supply, international energy trading, engineering, design, and development of electric power infrastructure. In addition to its assets in Russia, it controls several energy companies outside Russia, including thermal and hydro power plants, grid operators, and energy traders. It holds a monopoly on the export and import of electricity in Russia. Inter RAO is one of the largest Russian public energy companies by market capitalization which exceeded US$10.5 billion at the end of 2011. In fiscal year 2011 the company reported a revenue of US$18.24 bn (versus US$15.28 bn in 2010) and net income of $1.41 billion (vs $614 million in 2010). At the end of 2011, Inter RAO Group had more than 47,000 employees. In 2021, the company's revenue amounted to 89 billion rubles.
The Black Sea Transmission Network is a project for electric power transmission from Georgia to Turkey. In 2014, Inter RAO started supplying electricity from Russia to the energy system of Georgia for subsequent sale in Turkey. The supplies became possible after the commissioning of the 400 kV Akhaltsikhe-Borçka interstate power transmission line with a direct current insertion connecting the energy systems of Georgia and Turkey. Russian electricity supplies to Turkey continue to be transported via Georgia. According to Inter RAO, exports to the Turkish market nearly quadrupled in 2025 compared to 2024, reaching 231 million kWh.
Dnestrovsc (Romanian: Dnestrovsc or Nistrovsc, Moldovan Cyrillic: Днестровск; Russian: Днестрóвск, romanized: Dnestrovsk; Ukrainian: Дністровськ, romanized: Dnistrovs'k) is a town in the Transnistria, near the border with Ukraine. It is at the shores of the Cuciurgan Reservoir and is home to the Cuciurgan power station, also known as Moldavskaya GRES. It has since 1990 been administered by the breakaway Transnistrian Moldovan Republic as a part of its Slobozia District. It is a company town which was founded in early Soviet times by the establishment of a large power plant, Moldavskaya GRES, today owned by Inter RAO UES. At the 1989 census, Dnestrovsc had a population of 14,876. At the 2004 census it had ca. 11,200 inhabitants. According to the 2004 census, the population of the town was 12,382 inhabitants, of which 2,580 (20.83%) were Moldovans (Romanians), 3,390 (27.37%) Ukrainians and 5,249 (42.39%) Russians.
Telasi is an electricity distribution company of Tbilisi, Georgia. In 1998, the company was privatized to AES Corporation, whose efforts to repair and modernize the electrical grid of Tbilisi were documented in the film Power Trip by Paul Devlin. In 2003, AES sold Telasi to a Russian company Inter RAO UES. The Russian company paid $26 million to AES for Telasi and in return AES paid off $60 million of Telasi debt, in effect paying Inter RAO UES $34 million to take Telasi off their hands. The sale took place less than a year after AES-Telasi CFO Niko Lominadze was found murdered in his apartment and numerous other threats were made to AES-Telasi management. In the end, AES lost more than $300 million on the Telasi episode.
Before the 1921 destruction of Tulsa’s Greenwood District, Black residents had created a remarkable center of business and community life. The district included stores, professional offices, entertainment venues and homes owned by Black citizens. Understanding Greenwood means learning what was built—not only what was burned.
MORE →Brown v. Board of Education in 1954.
