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Rosenergoatom to become joint-stock company

      RBC, 25.09.2006, St. Petersburg 13:44:48.In the first half of 2007, Rosenergoatom will be transformed from a federal unitary enterprise into a joint-stock company in which the government will have a 100 percent stake, Oleg Sarayev, Deputy General Director of Rosenergoatom, said at the international nuclear forum in St. Petersburg today. He said the company's present form did not allow it to achieve goals set by Russian President Vladimir Putin.

      The Russian State Concern for Electricity and Heat Production by Nuclear Power Plants (Rosenergoatom) was set up in accordance with the Russian President's decree dated 7 September 1992. On 8 September 2001, it was transformed into a power generating company to incorporate all operating nuclear power plants, both existing and under construction, as well as companies providing operational, maintenance, scientific and technical support for nuclear power plants.

      Rosenergoatom currently has 10 nuclear power plants with a combined capacity of 23,242 MW.

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