OREANDA-NEWS. December 30, 2009. OGK-4 could boost revenue 10% in 2009, cancelling dividends. German concern E.On, Russia’s largest foreign investor in the power generation sector, expects OGK-4, its Russian energy asset, to boost revenues this year despite the crisis and is prepared not to make dividend payouts, funneling cash into new construction.

General director of E.On Russia Power, which runs OGK-4, Sergei Tazin said the company’s revenue will jump 10% y-o-y owing to a less steeper decline than the national average in energy consumption in the regions where the company operates, and continuing liberalization of the market. E.On, which controls around 78% of OGK-4, wants to give up dividends in 2009 as a year ago, Tazin said.