RusHydro Increased Electricity Generation by 16%
OREANDA-NEWS. JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces the operating results for the 2nd quarter and 1st half of 2013.
Key highlights:
Strong quarterly operating performance of the hydropower plants in all 3 macro-regions of Russia on affluent water inflows;
In 2Q 2013, hydro production was up 19% in the Center of Russia, +15% in the South of Russia, +41% in Siberia, +21% in the Far East;
Fossil-fuel generation in the Far East is down 4% in 1H 2013, ousted by hydro;
In 1H 2013, 4 newly-commissioned hydro-units of Boguchanskaya hydropower plant in Siberia generated over 1.6 TWh of electricity;
In 1H 2013, RusHydro’s power retail companies decreased power output by 9%;
In 3Q 2013, water inflows to all major reservoirs are expected at long-run average levels.
In the 2nd quarter of 2013, total electricity generation by power plants of RusHydro, its subsidiaries and the Boguchanskaya hydropower plant (HPP)[1] amounted to 34,630 GWh, a 17% increase as compared to the 2nd quarter of 2012; total power generation in the 1st half of 2013 amounted to 66,633 GWh (+16%). In the 2nd quarter of 2013, hydropower plants of RusHydro and the Boguchanskaya HPP increased electricity generation by 23% to 28,005 GWh, generation in the 1st half of 2013 amounted to 50,303 GWh (+25%).
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