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ROSATOM Infrastructure Solutions Acquires Controlling Interest in Quadra Power ROSATOM Infrastructure Solutions, PUBLISHED 06.02.2022 Rosatom Infrastructure Solutions (RIS, a ROSATOM company) announces that it has acquired 82.47% of Quadra's stock capital from ONEXIM Group. The parties signed the contract on January 31, 2022, in Moscow. "Rosatom Infrastructure Solutions manages ROSATOM's heat and electric power generation facilities and implements comprehensive utility upgrade projects in cities where nuclear power plants are located. Quadra's footprint includes many regions where ROSATOM also operates; our nuclear facilities are located in three of these regions. Combining our competencies within the ROSATOM structure will create synergy to improve heat supply efficiency and quality, offer better customer service, and launch integrated development projects in partnership with local governments," commented Xenia Sukhotina, CEO of RIS. Quadra is one of the largest Russian heat and electric power suppliers. After merging with RIS, the company's facilities will be upgraded to enable better efficiency and heat supply reliability. Local environmentally-friendly project roadmaps will be drawn up and initiatives to digitalise the electric power and heat generation system will be launched. Quadra will deliver on its ongoing contracts with consumers, partners and authorities, including existing concession agreements. Rosatom Infrastructure Solutions is a ROSATOM division, a diversified holding company with power generation, IT and residential utility business lines. The company manages ROSATOM's non-nuclear power generation facilities, works on municipal governance digitalization, utility upgrade and urban development projects. The company's power plants are located in six Russian regions. The digitalization and utility projects are underway in over 30 cities, from Kaliningrad region to Sakhalin. Quadra - Power Generation PJSC is one the largest Russian heat and electric power suppliers. It is a successor to Russian Unified Electric Grid company. The company operates in 10 regions of the Central Federal District: Belgorod, Voronezh, Kaluga, Kursk, Lipetsk, Oryol, Ryazan, Smolensk, Tambov, and Tula. Quadra's key business lines are electric power generation for the wholesale market, as well as heat supply to individual customers. The company's installed generating capacity is 3.1 GW, while the district heating grid is 6,000 km long. Other news: ROSATOM presents full Small Modular Reactors product line at EXPO 2020 Small Modular Reactors Day was an international platform for discussing the benefits of SMR. 19 CNNC nuclear power units anticipated to achieve full marks on WANO composite index Average index reaching a record high of 99.51. The second Chinese HTGR came out for first criticality The Shidao Bay-1 unit consists of two HTR-PM reactors combined with a common 211 MWe turbine. |
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