RusHydro is the largest hydro genco in Russia and the second largest in the world in terms of installed capacity. RusHydro is key to the development of eco-electricity generation in Russia (hydro, wind, tidal, geothermal and small-scale hydro). The company operates 55 hydroelectric power plants and has 25,336 GW of installed hydro and renewable capacity.
The formation of RusHydro’s target model was completed on July 1, 2008. The company has since become one of the key successors of UES, both in terms of energy production (RusHydro’s share of the Russian power sector is 15%), and as an equity issuer.
RusHydro’s shares are traded on both MICEX and RTS Russian stock exchanges on the A1 quote list.
In June 2008, RusHydro launched a sponsored GDR program, and listing is planned for 2009.
RusHydro shares are included in MSCI EM and MSCI Russia. Its credit ratings are: Baa3 from Moody’s; BBB– from S&P and Fitch (investment grade), S&P’s corporate governance score is 5+.
The company’s shareholder structure after UES’ reorganization is: Russian Government (60.37%) and minority shareholders (39.63%). Shareholder capital is 245,014,059,191 ordinary shares (par value of R1).