Meeting of the Board of Directors of PJSC Irkutskenergo is held in Moscow on September 23, 2015


On September 23, 2015, the Board of Directors of PJSC Irkutskenergo (a company forming part of EuroSibEnergo Group) held a meeting in Moscow. The Board approved the report of the CEO and the Management Board on the implementation of the business plan for the first half of 2015.

During the first half of the year, the company's electricity output totaled 22.88 TWh (+5% year on year). During the first half of the year, net heat output totaled 9.397 mln Gcal, down by 10.5% year on year. During the first half of 2015, Irkutskenergo's revenue from product sales totaled RUB 42.122 bln (+61% year on year), while production costs amounted to RUB 31.659 bln (+68% year on year). Net profit of PJSC Irkutskenergo amounted to RUB 6.906 bln (+15% year on year).

According to the company's CEO Oleg Prichko, Irkutskenergo continues to take measures to optimize its operations on all levels of the company; it continues to improve its business processes and to implement efficient projects enabling it to reduce costs and improve the profitability of its business.

The company has approved the implementation of a large-scale efficient project to build a section of heating mains in order to reassign the task of heat supply to the area supplied by CHPP-1 (Angarsk) to CHPP-9 (Angarsk), which is a more efficient heat generating facility; the project also involves increasing heat output and combined heat and power generation at CHPP-9. Currently, construction and installation work is ongoing. Investments in construction of the heating mains total about RUB 1 bln.

A new gas-fueled block-modular boiler house (BMK-25) has been put into operation in Bratsk; its installed heat generating capacity amounts to 25 MW, while its annual heat output totals up to 90,000 GCal.

Oleg Prichko, CEO of PJSC Irkutskenergo: "The project to reassign the task of heat generation from CHPP-1 to CHPP-9 is important for the entire region; it has received support from the governor and the government of the Irkutsk Region, and given inefficiencies in legislation, this project makes it possible to successfully reduce the cost of heat and electricity generation. Undoubtedly, this helps improve the reliability of the entire power system and reduce the prices charged to consumers."


Press service of PJSC Irkutskenergo

September 24, 2015
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