Company News

In memory of Alexander Boris

A member of the Board of RAO Nordic Oy and Deputy Chairman of the Management Board of PJSC “Inter RAO” Alexander Boris unexpectedly passed away on the 7th of November.

Alexander came to PJSC “Inter RAO” in 2010 and became a member of the Board of RAO Nordic Oy in 2016. He has always been a leader, who thoughtfully and objectively approached the most difficult projects and matters.

The management and employees of RAO Nordic Oy express the deepest condolences to the family and friends Of Alexander Boris.

RAO Nordic scales down its origination operations.

The business strategy of RAO Nordic Oy has been recently revised. As a result it was decided to scale down origination operations of the company. From now on, the focus of the company is centered in cross-border trading and business activities that are related to power interchange across border connections between Russia and Nordic countries.

During the past few years RAO Nordic has been actively developing counterparty trading and created a wide customer base. The company will continue fulfilling its contractual obligations towards the customers.

RAO Nordic Oy hosted an annual event for its business partners on the 30th of January 2014.

It was the 4th time we organized that kind of event for our counterparties on the last Thursday of January.

The evening included several presentations, that provided overviews of the latest trends in Finnish energy market, musical performance, and plenty of informal communication between the guests.

We appreciate everyone for coming, and hope that those who could not make it this time will join us next January!

Polish subsidiary of Inter RAO Lietuva, IRL Polska Sp. z o.o., has been granted the license for electricity trading in Poland earlier this year. RAO Nordic Oy controls 51% of the stock of Inter RAO Lietuva.

The Energy Regulatory of the Republic of Poland granted the company IRL Polska the license for electricity trading which has taken effect today, on the 9th of January 2014.

More information on the subject can found from the official pages of Inter RAO Lietuva

RAO Nordic Oy celebrates its anniversary on the 15th of October. The company has been operating in the Nordics for eleven years.

Mr. Magnus Åström has been appointed Head of RAO Nordic Oy’s Stockholm Branch at RAO Nordic Oy, Finland, Filial Sverige as from the 1st of October. Mr. Åström reports to the Chief Trader of RAO Nordic Oy.

Previously he had been working as a Managing Director at Inter Green Renewables and Trading AB.