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Powerful ambition

Backed by the financial might of Russia's Renova Group, Avelar Energy is investing in conventional and renewable energy assets across western Europe. Avelar's CEO, Igor Akhmerov, tells Roderick Bruce about his company's strategy

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

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