Three of the former Soviet Union's largest hydroelectric dams are the subject of a power struggle between the Kremlin and powerful Oligarchs. In need of repairs, the giant dams sell power at low prices. The company owns a fleet of aging heat power stations in need of moderization but the company is cash poor. IrkutskEnergo shares have had a good run as powerful concerns have bid up the share price trying to get control of the hydroelectric plants.
irkutskenergo.ru
Can't read Russian .. check out the pictures
irkutskenergo.ru
(A photographic journey into the former Soviet Union's wealth and poverty... a picture is worth 1000 words) |
