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   Norilsk Nickel to spin off alternative energy generation company 
Publication Date:24-March-2007
10:00 AM US Eastern Timezone 
Source:RBC News
Norilsk Nickel will spin off a company, which will be engaged in the production of alternative energy. 

As the Russian nickel producing giant's former General Director Mikhail Prokhorov told journalists in Krasnoyarsk today, a company is about to be created in the region, which will combine traditional and hydrogen energy generation enterprises. 

According to Prokhorov, it is expected that hydrogen energy will account for 20 percent of the new company's overall energy generation.

Norilsk Nickel's press office explained that this company would not include enterprises that are part of the parent company's Polar division, since they are responsible for the Siberian city Norilsk's energy security. The recently acquired OGK-3 assets may serve as the basis for the new energy company. 

 

 
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