* Reports are available for the following subsidiaries: JSC Inter RAO - Electric Power Plants, JSC Nizhnevartovskaya TPP, Bashkir Generation Company LLC and JSC TGK-11

The following key factors affected the operating results of Russian power generation and heat production subsidiaries of Inter RAO Group:
  • Addition of 1.6 GW of new and upgraded power generation facilities to support Capacity Delivery Agreements in 2014;
  • Growth of average unregulated prices on the Wholesale Electricity Market;
  • Optimized capacity utilization with reduced use of inefficient generation units;
  • Selection of fuel suppliers offering the best pricing;
  • Reduced heat delivery due to warmer weather in the winter of 2015;
  • Divestment of JSC OmskRTS and JSC TomskRTS into independent subsidiaries as of April 1, 2014.
Operating results of power generation subsidiaries:
Inter RAO - Electric Power Plants Nizhnevartovskaya TPP
First three months of 2015 Change from the previous quarter First three months of 2015 Change from the previous quarter
Revenue 39.0 5.0% 5.2 72.7%
Cost of goods sold 31.6 (0.5%) 3.6 46.9%
Sales profit 6.9 36.1% 1.4 248.5%
Net profit 4.6 95.9% 0.9 254.0%
Power generation, billion kWh 22.4 (2.0%) 3.7 48.1%
Heat distribution from collectors, million Gcal 1.5 (6.5%) 0.09 (11.9%)

Operating results of heat production subsidiaries:
Bashkir Generation Company TGK-11
First three months of 2015 Change from the previous quarter First three months of 2015 Change from the previous quarter
Revenue 11.0 0.6% 7.5 (19.1%)
Operating expenses 9.6 (5.4%) 6.4 (14.3%)
Sales profit 1.4 73.8% 1.2 (38.3%)
Net profit 1.1 18.5% 0.7 (41.0%)
Power generation, billion kWh 4.9 (4.8%) 2.8 0.4%
Heat distribution from collectors, million Gcal 5.9 (4.8%) 5.0 (24.4%)

For more details on the RAS operating performance of the power generation and heat production subsidiaries of Inter RAO Group for the first three months of 2015, please visit their official websites:

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Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business. The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and the leading Russian energy company by energy efficiency. Inter RAO Group owns and operates over 35 GW of installed power generation capacity. www.interrao.ru


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