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Head of Russia's hydroelectricity giant plans to resign — source

MOSCOW, August 25. /TASS/. Head of Russia's RusHydro hydroelectricity giant plans to leave the company and this is his own decision, a source familiar with the decision of the company CEO Evgeny Dod told TASS on Tuesday.

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According to the source, the manager made his decision independently. The source added that the leave would also mean moving up to a new "business stage" to him. The source did not elaborate.

The company has not commented on the decision.

Dod was appointed as the head of RusHydro in November 2009.

In June 2014, his authority as the company’s head was extended until July 2019 despite criticism from the government.

Rushydro Group is one of the largest Russian energy holdings, combining more than 70 renewable energy facilities in Russia and abroad. The installed capacity of power plants totals 38.2 GW, including RAO Energy System of East facilities. The Russian government holds 67.12% in Rushydro.

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