RenShares Utilities Limited ("the Company") was incorporated in the British Virgin Islands on 30 November 2004 as an exempted closed-end investment company. The offer of Participating Shares in the Company was launched on 24 January 2005.

The overall investment objective of the Company is to achieve medium-term capital appreciation from investments in companies engaged in electricity generation, transmission, distribution and related businesses in Russia.  

The Company will seek to achieve this overall investment objective by seeking to take advantage of investment opportunities in electricity network companies, namely companies which have a significant interest in the distribution and/or transmission of electricity via the Russian electricity networks. Also RenGen has as an investment objective of seeking to take advantage of investment opportunities in electricity generating companies, namely companies which have a significant interest in the generation of electricity in Russia. 

Voluntarily delisted 30 January, 2013, at Issuer request following redemption of all shares.