To be held on 6 June bids will be accepted through 28 May.
The reserve price is RUB24.658 billion ($948 million), a fair market as determined by an independent appraiser, says UES, with a price increment of RUB200 million ($7.7 million), and a first increment of RUB342 million ($13 million).
Both Russian and foreign legal entities and natural persons may take part in the auction, which will be arranged by Alfa-Bank.
WGC-5 comprises the thermal power plants at Konakovskaya, Nevinnomysskaya, Sredneuralskaya, and Reftinskaya with a combined installed capacity of 8,672 MW. In autumn 2006, WGC-5 raised RUB12.1 billion ($459 million) through the public offering of 5.1 billion shares, about 14.1% of the company’s capital.
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