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Rosatom buys Quadra

Rosatom, Russia’s state nuclear power utility, has bought Quadra, one of the biggest energy generating companies in Russia, from Mikhail Prokhorov’s ONEXIM group.

02.02.2022
in News, Science and Technology
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Rosatom buys Quadra
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    A Rosatom statement said the agreement for the purchase 82.47 % of Quadra’s shares by Rosatom Infrastructure Solutions, a division of Rosatom, was signed on 31st January 2022 in Moscow.

    Quadra is made up of 20 power stations and 319 boiler facilities with an installed capacity of 3.1 GW and 10,200 Gcal/h.

    Rosatom Infrastructure Solutions manages Rosatom’s heat and electric power generation facilities in cities where nuclear power plants are located. Quadra’s footprint includes many regions where Rosatom also operates and its nuclear facilities are located in three of those regions.

    After its transition into the Rosatom, Quadra’s sites will undergo a programme of improved heat supply efficiency, the development of roadmaps of local “green” programmes along with regions and the introduction of digital technologies in the operation of energy and heating systems complexes.

   Quadra will deliver on its current contracts with consumers, partners and authorities, including existing concession agreements, the Rosatom statement said.

    “The stage of Quadra establishing itself as one of the country’s leaders in the energy sector has been successfully completed,” Onexim’s CEO, Dmitry Razumov said in a company statement.

    “For its further development, the company needs a strong, strategic investor. I am certain that with the arrival of Rosatom, Quadra will find new opportunities for its own development. We are leaving a promising asset in safe hands.”

    The CEO of Rosatom Infrastructure Solutions, Ksenia Sukhotina, will become the head of Quadra.

Tags: NuclearNuclear Power PlantsOperationPower generationPower plants

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