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End-of-Year Press Conference of OAO Irkutskenergo CEO Evgeny Fedorov Held December 21, 2010

The end-of-year press conference of OAO Irkutskenergo’s CEO Evgeny Fedorov took place on December 21, 2010. According to the preliminary data for 12 months of 2010, power stations of OAO Irkutskenergo produced 61.1 bln kWh, which is 7.7% higher year on year. HPP production totaled 48.9 bln kWh (growth of 6.8% against the previous year); CHPP production equaled 12.3 bln kWh (with the growth of 11.2%). The production of heat power totaled 25.4 mln Hcal which is comparable to the previous year’s index. Coal production for 12 months of 2010 totaled 14.9 mln tons which is 25% higher (12 mln tons) year on year. According to the CEO of OAO Irkutskenergo, the growth of performance indicators was driven by the general growth of power consumption in Siberia as well as by high inflow to the reservoirs of Angaro-Eniseisky cascade which provided the significant growth in the production of power by HPPs.
As for the plans for 2011, Evgeny Fedorov pointed out the possible integration of the new plant in Ust-Kut to the plans of the Ministry of Energy. OAO Irkutskenergo intends to arrange additional meetings with the Ministry concerning this issue. The Company also looks into creation of new power sources as well as modernization of the existing ones. New projects include Ust-Kutskaya CHPP, Bratskaya mini-CHPP, new power generating units at Novo-Ziminskaya CHPP. As for the modernization, the installation of a new turbine unit at Novo-Irkutskaya CHPP in next year to increase the production of power is being discussed . The Company also plans covering the demand in fuel by coal of its own production.
Press service of OAO Irkutskenergo
December 21, 2010
December 21, 2010
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