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Russias largest independent power company, JSC EuroSibEnergo, releases its operating results for 1H 2016

Operations

In the first half of 2016, EuroSibEnergo's power plants produced 31.99 TWh of electricity, which is comparable to the figure for the first half of 2015. The company provided reliable and uninterrupted electricity and heat supply to industrial consumers and households in Siberia, the Ural Region and European Russia.

During the six months of 2016, "green" power generation at EuroSibEnergo's power plants increased by 1% to 25 TWh. The Krasnoyarskaya, Irkutskaya, Bratskaya and Ust-Ilimskaya HPPs operated by the company increased electricity output by 1% year on year to 24.99 TWh. The Abakanskaya solar power plant, which had been put into operation in December 2015, generated 3.3 GWh of electricity in the first half of 2016, essentially providing clean energy during the daytime to an entire district of Abakan.

At the same time, as the water level in Lake Baikal remains abnormally low for the second consecutive year, electricity generation by the Angara cascade of HPPs (which comprises the Irkutskaya, Bratskaya and Ust-Ilimskaya HPPs) decreased by a third compared to the long-term annual average. To maintain the water level in Lake Baikal within the range stipulated in the Federal Law on the Protection of Lake Baikal, on instruction from the Federal Water Resources Agency, in the first half of 2016, water flow through the dam of the Irkutskaya HPP was restricted to the minimum possible volume totaling 1,250 to 1,300 m/s.

Electricity output at coal-fired and gas-fired power plants of EuroSibEnergo decreased by 3% year on year to 6.99 TWh.

Heat generation by EuroSibEnergo's power plants totaled 13.77 mln Gcal (up by 3% year on year) due to a lower temperature in the winter and spring of 2016 compared to 2015.

 

Investment projects

In the first half of 2016, EuroSibEnergo continued to implement the New Energy program aimed at a comprehensive upgrade of the Angara-Yenisei HPP cascade. As part of the program, the company put into operation upgraded hydroelectric units with new rotor wheels at the Ust-Ilimskaya and Bratskaya HPPs. As a result, the efficiency of the power plants and their electricity output increased, while the volume of water that they use remained unchanged.

EuroSibEnergo continued to develop a project to build the Telmamskaya HPP with a capacity of up to 450 MW on the Mamakan River. The project is aimed at eliminating power deficit in the north of the Irkutsk Region and providing electricity supply to new large consumers.

As part of the development of distributed generation projects, EuroSibEnergo started the construction of a 4.5 MW mini-CHPP in Ust-Labinsk to provide power supply to an industrial park that is currently under construction. The power plant is expected to be put into operation before the end of 2016.

The company launched a project to shift the electricity and heat load from the 166 MW CHPP-1 in Angarsk, which will be decommissioned, to CHPP-9. To do so, EuroSibEnergo started the construction of an 8-km-long heating main and the necessary power grid infrastructure. The project will help to reduce the cost of electricity and heat generation and to cut CO2 emissions by 80,000 tons per year. Investments in the project will exceed RUB 1 bln.

 

Press service of JSC EuroSibEnergo

 

Company profile:

 

JSC EuroSibEnergo (www.eurosib.ru) is Russia’s largest private power company and one of the country's leaders in green power generation. EuroSibEnergo operates power plants with a total installed capacity of 19.6 GW, including major HPPs forming part of the Angara-Yenisei HPP Cascade (the Krasnoyarskaya, Bratskaya, Ust-Ilimskaya and Irkutskaya HPPs) with a total capacity exceeding 15 GW. EuroSibEnergo accounts for about 8% of Russia's electricity production. The Company forms part of En+ Group, a leading Russia-based industrial group.

In December 2015, EuroSibEnergo put into operation the Abakanskaya solar power plant, which is one of Siberia's largest power plants. 

August 29, 2016
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