According to the "Russian Daily" reported on March 28, Russia is preparing to sell the shares of the Sayan-Shushensk Hydropower Station. Sayan Shuschensk is the largest hydropower station in Russia. Equity transfer may mean that Russia is ready to give up control of the hydropower station.

As a national strategic industry, hydropower has great resistance to the reform of the controlling stakes in Russia. Russian Energy Minister Sergey Shmatko recently stated that he is considering formulating a reform plan for the Sayan-Shushensk hydropower station: the first step is to reduce the proportion of shares held by the government; in the second step, state-owned shares may completely withdraw . In response, the board declined to comment.

At present, the Russian government’s share of Sayan-Shushensk shares is 57.97%. By 2013, it intends to sell 7.9% of shares to reduce the government’s huge fiscal deficit.

In order to reduce the risk, as the largest shareholder of Sayan-Shushensk, UC RUSAL is actively seeking partners to solve the debt financing problem, and the target of cooperation is also a Chinese company.