Russian power holding Inter RAO is interested in buying assets in Latin America or Southeast Asia, Ilnar Mirsiyapov, a member of the management board, said.
Inter RAO wants to acquire a significant stake of a market, Mirsiyapov said after naming countries of Latin America and Southeast Asia as markets which the company saw interesting for merger and acquisition deals.
“We will not enter a market as a minority player who cannot be seen even through a microscope. It should be a program of a large-scale entrance, when your stake reaches 10% or even 20%. We have not ultimately defined such markets for us today, and one, two or three countries may become this market”, Mirsiyapov explained.
The company has already returned investments in a 2012 purchase of the Trakya power plant in Turkey, he said, adding that the company was ready to study any possibility in the Turkish energy sector.
He also said that Inter RAO was not considering the possibility of entering the European market. (Prime/Business World Magazine)