RAO Unified Energy System of Russia , or UES, is in
negotiations with mining company OAO Norilsk Nickel to ensure
that the state retains influence over generating company OAO OGK-3 after the former electricity monopoly is disbanded, Vedomosti
newspaper reported Friday, citing the agreement.
Under the proposed agreement, OGK-3's board will have to
include one representative from the Russian state electricity company
that will be formed after UES is disbanded. And Norilsk, which owns
64.9% of OGK-3, will have to seek the state's approval for key
management and investment decisions until 2013.
UES's successor will have all the rights over OGK-3 that a blocking stake would imply, Vedomosti reported, citing a lawyer.
If Norilsk ignores the recommendations of the state
electricity company, it will be fined up to 22.5 billion rubles ($923.6
million), Vedomosti reported.