Powerful ambition

Zurich-based Avelar Energy, established in December 2006, is looking to invest $1 billion in conventional and renewable energy markets. The firm, a vertically integrated gas and electricity generation and supply company, is a joint venture between Russian billionaire Viktor Vekselberg's asset management company Renova Group and former Renova chief financial officer Igor Akhmerov.

Akhmerov, chief executive of Avelar Energy, has a strong background in both investment and the energy sector. Educated