PJSC Inter RAO

In the following years, the Government of Russia transferred the power companies' shares remaining after the reform of RAO UES to the property of state-owned companies RusHydro, FGC UES, Rosimushchestvo, and Rosneftegaz to Inter RAO. That included transfer of 41% stake in Irkutskenergo, 65.8% of OGK-1, 3.24% of OGK-4, 26.43% of OGK-5, 24.9% of TGC-6, 34.21% of TGC-7, 30.54% of TGC-11, 20.24% of Kuzbassenergo, 21.27% of Bashkirenergo, 14.48% of Sangtuda 1 Hydroelectric Power Plant (in Tajikistan), and 100% of Razdan Thermal Power Plant (in Armenia).

In 2009, Inter RAO shares were included in the MSCI EM Index. At the end of 2009, INTER RAO was ranked fifth in Standard & Poor's informational transparency rating of the Russian energy companies.

In June 2018, board member Karina Tsurkan was arrested by the Federal Security Service, on allegations of spying on behalf of Romania.

On 13 May 2022, Inter RAO subsidiary RAO Nordic announced that it would suspend deliveries of electricity to Finland and stopped them at midnight. The announcement came one day after Finland's president Sauli Niinistö and prime minister Sanna Marin had expressed their support for Finnish membership in the North Atlantic Treaty Organization (NATO).

The move fits an ongoing pattern of economic sanctions and counter-sanctions in the wake of the 2022 Russian invasion of Ukraine.

The following Inter RAO subsidiaries are responsible for international energy trading:

Eastern Energy Company (focused on export of Russian electricity to China)

RAO Nordic Oy (Finland)

TGR Enerji (Turkey)

Inter RAO Lietuva (Lithuania)

From October 2021, Inter RAO has increased supplying electricity to China by 90% up from the planned amount, within the terms of the 25-year agreement of 2012 with State Grid Corporation of China. At the end of the same month, China sent out a call to "Inter RAO" for nearly double current amounts of supplies of electricity by the end of the year 2021. According to Alexandra Panina, member of the board of "Inter RAO", the request of Chinese partners will be ratified almost completely.

In October 2021, Inter RAO announced its intention to supply electricity to Kazakhstan in November, due to its "in-house" deficiency in the country.

On 14 May 2022, RAO Nordic released a statement saying it was halting the import of power into Finland due to a lack of payment. Power transmission halted at 2200 GMT 14 May 2022.

Power supply

Inter RAO Group operates seven Russian power supply companies.

Electric power distribution grids

INTER RAO Group controls two distribution grid companies in the South Caucasus, Power Grids of Armenia and Telasi.

Engineering

Inter RAO develops its engineering business as a key component of its integrated business model. In engineering, Inter RAO plans to focus on the design of energy infrastructure, coordination of construction, delivery and installation of equipment, installation, configuration, and maintenance services, as well as the manufacturing of boiler and turbine equipment. The company asserts that these initiatives of its engineering business will help Inter RAO secure at least 20% of the thermal power plant engineering, construction, and equipment market.

List of main engineering businesses within Inter RAO Group: