OREANDA-NEWS. Gazprom Energoholding expects total RAS revenue of its production companies (Mosenergo, TGC-1, OGK-2 and MOEK) to reach 448.2 bn RUR in 2014 (+1% year-on-year).

Total EBITDA with MOEK is estimated at 52.8 bn RUR (-14%).

Total net profit is expected to total 0.3 bn RUR (-97%).

Electricity production for 2014 totals 152.2 bn KW h, (-5%), heat output – 117.3 mn Gkal (-4%).

Expected Results for 2014 (RAS)

Parameter

Total       2013*

Mos-energo**  2014

TGC-1 2014

OGK-2 2014

MOEK    2014

Total       2014

Change

Revenue

bn RUR

445.1

158.8

65.2

116.0

108.2

448.2

+1%

EBITDA

bn RUR

61.2

17.2

13.4

11.8

10.3

52.8

-14%

Net profit (loss)

bn RUR

7.7

2.4

3.3

5.6

(11.0)

0.3

-97%

Electricity production

bn KW h

160.5

56.7

26.4

68.7

0.4

152.2

-5%

Heat output

mn Gkal

122.8

67.5

24.3

7.1

18.4

117.3

-4%


** Lower net profit of Mosenergo was caused by currency exchange difference for foreign currency debt amounting to 6.3 bn RUR.* Including results of Mosenergo, TGC-1, OGK-2 and MOEK.