OREANDA-NEWS. March 25, 2010. The OGK-3 general director made several important statements. Firstly, he announced plans for the withdrawal of investments in core-core assets. Management seeks to recover the funds without incurring losses by August 2010. Secondly, the general director disclosed a possible dividend payout for 2009. Finally, he indicated the company’s plans for the acquisition of coal-mining assets jointly with Rusal.

Specific terms and conditions for the sale of non-core assets indicates the intention to recover the funds promptly and on a full scale. The purchase of coal-mining assets, which would lower the risks involved in the disruption of coal supplies and unpredictable growth in fuel costs, could also please investors. The example of Irkutskenergo, which bought coal-mining assets last year, has already demonstrated the positive effects of such vertical integration. The plan for a dividend payout is unlikely to arouse interest from investors, due to the low size of dividends. Be that as it may, the unveiled plans by the genco show growth in its corporate governance standards.