Magadanenergo PAO, formerly Magadanenergo energetiki i elektrifikatsii OAO (Magadanenergo OAO or Otkrytoye aktsionernoye obshchestvo energetiki i elektrifikatsii Magadanenergo) is a Russia-based company involved in the generation, transfer and distribution of electricity and heat energy on the territory of the Magadan region. The Company operates through 10 branches, four wholly owned subsidiaries: Chukotenergo OAO, Magadanenergonaladka OAO, Magadanenergoremont OAO and Magadanelektroset'remont OAO, as well as one affiliated company Magadanelektroset' OAO. As of December 31, 2011, the Companyâs major shareholder was RAO EES Vostoka OAO with a stake of 49%.
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