OREANDA-NEWS. OOO "Metallurgical Company "Estar" won the tender to select an investor to modernize OAO "Experimentalnaya TPP".

OOO "Metallurgical Company "Estar" will be required to provide finance for the project to modernize OAO "Experimentalnaya TPP" and ensure that the necessary capacity comes on line by the agreed deadline.

The project provides for the construction of one or two power units with a capacity of at least 240 MW on the plant's site. RAO "UES of Russia" said that the priority for the project is the use of the advanced technology of circulating fluidized bed combustion of coal.

According to the Board resolutions of RAO "UES of Russia" of 30 August 2006, the investments needed to modernize the Eksperimentalnaya TPP will be raised through issuance of additional shares. The shares are to be placed through closed subscription. The investor may acquire up to a 75% minus one share in OAO "Experimentalnaya TPP". The placing price will be set not lower than the market value of the plant's shares.