October 3, 2008

Deputy Premier Likely to Be Appointed Head of Russia’s Major Energy Company

Text of report by Gazprom-owned, editorially independent Russian radio station Ekho Moskvy on 3 October

[Presenter] Deputy Prime Minister Igor Sechin may head the board of directors of INTER RAO UES in the near future. Our correspondent Vladimir Rominskiy has the details about the possible high-profile appointment.

[Correspondent] A new board of directors will be elected at the extraordinary shareholders' meeting of the company INTER RAO that will take place on 23 October. Deputy Prime Minister Igor Sechin may most likely head the new board of directors, RIA Novosti news agency said, quoting a source close to the company shareholders.

A list of candidates that may get into the new board of directors has already been approved. Yuriy Petrov, the head of Rosimushchestvo [Federal Agency for the Management of Federal Property], Energy Minister Sergey Shmatko, Sechin himself and others are among the candidates, the company's official statement said.

INTER RAO UES is a subsidiary of disbanded RAO UES [Unified Energy System of Russia]. INTER RAO deals with exporting and importing energy and owns a number of large foreign energy assets including those in Moldova, Armenia and Georgia.

[Presenter] Igor Sechin is already chairman of the boards of directors of such large companies as [Russian oil company] Rosneft and the United Shipbuilding Corporation.

Originally published by Ekho Moskvy radio, Moscow, in Russian 0700 3 Oct 08.

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