Russia names new RusHydro head

Thirty-six-year-old Yevgeny Dod, a close ally of Russian Deputy Prime Minister Igor Sechen, has been tapped to lead a share issue aimed at raising more than US$1 billion (28.8 billion rubles) to repair the Sayano-Shushenskaya hydroelectric facility, where an accident killed 75 workers in August.

Repairs to Sayano-Shushenskaya, the biggest hydroelectric plant in Russia, will cost an estimated 40 billion rubles (US$1.4 billion). RusHydro, which owns and operates the plant, is the second largest hydropower producer in the world, with 25,336 MW of capacity.

The accident occurred Aug. 17 when a sudden surge of water flooded the plant’s turbine room after an explosion. (HydroWorld 8/17/09) A report by government watchdog Rostekhnadzor blamed several executives and government officials for the accident. (HydroWorld 10/5/09)

The plant had a capacity of 6,400 MW, about 25 percent of RusHydro’s total output.

Dod served as chairman of electricity trader Inter RAO for nearly a decade. According to Reuters, he will run RusHydro as it prepares to raise up to 19 billion rubles (US$659 million) in an additional share issue next year.

“Dod is a young and dynamic manager with plenty of experience in the energy sector, and he comes with the support of the government,” Alexander Kotikov, senior utilities analyst at Troika Dialog, told Reuters.

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