MOSCOW — A potential $5.3 billion Russian power sector investment involving the Dubai will be decided within three months, and may face a rival bid, the head of OGK-1 utility said yesterday. OGK-1 chief executive Vladimir Khlebnikov said a second consortium had expressed interest in buying the government's controlling stake in his company, and a previously announced bid, in which Dubai World could guarantee investment, was conditional. "There is another potential buyer. It is a consortium of Russian and foreign companies, which are now working out the structure of the deal. They have shown a very serious interest in the company," said Khlebnikov. Anatoly Chubais, who headed the former state power monopoly of which OGK-1 was a part, has said Dubai World was guaranteeing $100 million of investment in OGK-1 as part of a $5.3...
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