OREANDA-NEWS. January 21, 2011. In pursuance of its development strategy, Inter RAO UES is set to boost total installed capacity to 40 GW by 2015, of which about 75%, or 25-30 GW are to be located in Russia, and the remaining 10 GW overseas. In line with the company development strategy for 2010-2020, approved last year, Inter RAO has set itself a target to accumulate a diversified portfolio of assets from various business spheres, from fuel production and supplies to distribution and sales, located both in Russia and abroad. The company expects generation to become its core business and projects it to be generating 70% of total revenue by 2015.

A spokesperson for the company told Interfax that Inter RAO could “start trying to amend the situation” by 2020, but “should probably focus on the domestic market for now”. Inter RAO believes the Russian electric utility sector is undervalued at the moment. The segment price is to become adequate by 2012-2013; afterwards, Inter RAO could see a marked business expansion.

At that time, it could get an opportunity to swap some of its domestic assets for overseas. After 2015, the company is set to upgrade its portfolio of overseas assets to 50%. The holding is set to reach the target figure by both entering into new investment projects all around the world and divesting domestic assets to “highly-efficient foreign and Russian investors”.