Anatoly Chubais, the chief of Russia?s power grid monopoly RAO UES, raised the stakes in a dispute with Russian aluminium tycoon Oleg Deripaska on Wednesday, by offering fifty-fifty ownership of a power plant in return for an equal stake in an aluminium factory.
Chubais has repeatedly clashed with Oleg Deripaska, who owns the world?s third-largest aluminium company Rusal, over control of the Boguchansk hydroelectric plant.
Deripaska intends to obtain full control of the plant and wants to secure power supplies for an aluminium plant to be built nearby.
?If you want 50 percent of the Boguchansk power plant, then the ownership of the aluminium plant which they want to build should also be 50-50. Then I?m ready,? Chubais told Reuters.
UES and RusAl have set up a working group to negotiate terms for involvement in the project.
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Russian Power Grid Monopoly Head Wants Aluminium
Deripaska intends to obtain full control of the plant
