Inter RAO Group Announced Operating Results for the First 9 Months of 2015
Generation across the Group: | |||
Indicator | 9 months of 2015 | 9 months of 2014 | +/- |
---|---|---|---|
Installed power generation capacity at the end of the reporting period, GW | 34.947 | 34.364 | +1.7% |
Installed heat production capacity at the end of the reporting period, thousand Gcal/hour | 26.221 | 27.024 | -3.0% |
Power generation, billion kWh | 103.355 | 104.240 | -0.8% |
Utilization of installed capacity | 45.2% | 46.6% | - |
Heat distribution from collectors, million Gcal | 26.222 | 27.648 | -5.2% |
Russian generation: | |||
Indicator | 9 months of 2015 | 9 months of 2014 | +/- |
---|---|---|---|
Installed capacity at the end of the reporting period, GW | 28.982 | 28.399 | +2.1% |
Installed heat production capacity at the end of the reporting period, thousand Gcal/hour | 25.542 | 26.344 | -3.0% |
Power generation, billion kWh | 93.507 | 94.258 | -0.8% |
Utilization of installed capacity | 49.3% | 51% | |
Heat distribution from collectors, million Gcal | 26.058 | 27.469 | -5.1% |
Installed power generation capacity across Inter RAO Group increased by 583.4 MW. This change reflects the addition of new Capacity Delivery Agreement facilities, including the second power generation unit at Yuzhnouralskaya TPP-2 rated at 417 MW, and two power generation units at Cherepetskaya TPP, each rated at 225 MW. Additionally, recertification led to the following increases in capacity: Unit 1 at Yuzhnouralskaya TPP by 9.4 MW, Urengoyskaya TPP by 14.4 MW, Kaliningradskaya TPP-2 by 25 MW, Omskaya TPP-3 by 10 MW, and Omskaya TPP-5 by 20 MW. At the same time, power generation capacity of Yuzhnouralskaya TPP and Verkhnetagilskaya TPP reduced by 276 MW altogether, while the capacity of Bashkir power plants reduced by 36 MW altogether and the capacity of Omskaya TPP-4 reduced by 50 MW-all due to retirement of legacy equipment.
Reduction of installed heat production capacity also resulted from the retirement of the aforementioned legacy assets.
A marginal decrease in electricity generation by the Russian power plants of Inter RAO Group primarily reflects longer equipment repair schedules in summer 2015 compared to summer 2014, as well as the retirement of legacy equipment and reduced use of inefficient power generation units at Kashirskaya TPP, Cherepetskaya TPP and Verkhnetagilskaya TPP. The reduction in heat delivery reflects warmer weather conditions in 2015.
International generation: | |||
Indicator | 9 months of 2015 | 9 months of 2014 | +/- |
---|---|---|---|
Installed capacity at the end of the reporting period, GW | 5.965 | 5.965 | - |
Installed heat production capacity at the end of the reporting period, thousand Gcal/hour | 0.68 | 0.68 | - |
Power generation, billion kWh | 9.848 | 9.982 | -1.3% |
Utilization of installed capacity | 25.2% | 25.5% | - |
Heat distribution from collectors, million Gcal | 0.164 | 0.179 | -8.5 % |
The most significant drop in production is attributable to Ekibastuzskaya TPP-2 in Kazakhstan and reflects lower demand for electricity produced by power plants with significant investment tariff. Razdan TPP in Armenia also contributed to the overall reduction as per decisions of the Energy System Operator. However, our power plants in other countries increased their output: Moldova TPP increased deliveries from Transnistria to Moldova due to discontinuation of deliveries from Ukraine; in Georgia, Khrami hydro plants increased their output due to heavy precipitation in 2015 while Mtkvari TPP increased its output due to higher demand for electricity; and in Turkey, Trakiya TPP increased its output following the completion of repairs in 2014.
Russian sales | |||
Indicator | 9 months of 2015 | 9 months of 2014 | +/- |
---|---|---|---|
Consumer base, million | 12.709 | 12.470 | +1.9% |
Retail electricity sales, billion kWh | 120.449 | 118.034 | +2.0% |
Share of Russian retail market* | 16.0% | 15.7% |
* Share of Russian retail market is defined as the ratio of retail sales to total actual electricity consumption (752.9 billion kWh in the first nine months of 2015 compared to 752.1 billion kWh in the first nine months of 2014 according to the System Operator of the Unified Energy System of Russia)
The increased performance of Russian sales assets primarily reflects the geographic expansion of suppliers of last resort in Omsk and Oryol oblasts since February and March of 2014 respectively, and the acquisition of new industrial consumers by Moscow Energy Sales Company in Moscow region and other territories.
International distributors and grid operators (Georgian Telasi and Electric Networks of Armenia): | |||
Indicator | 9 months of 2015 | 9 months of 2014 | +/- |
---|---|---|---|
Total length of power lines, km | 36,510 | 35,916 | +1.7% |
Electricity deliveries to the grid, billion kWh | 6.384 | 6.217 | +2.7% |
Electricity losses | 10.2% | 11.1% | - |
Length of our transmission lines in Georgia and Armenia increased as we added new grid connections and upgraded our infrastructure. Higher electricity sales primarily reflect increased electricity consumption.
Commercial electricity import and export by Inter RAO Group across Russian borders: | |||
Indicator | 9 months of 2015 | 9 months of 2014 | +/- |
---|---|---|---|
Export, million kWh | 13,538 | 9,669 | 40.0% |
Including: | |||
China | 2,501 | 2,631 | -5.0 % |
Finland | 2,490 | 1,682 | 48.0% |
Belarus | 2,316 | 1,294 | 79.0% |
Ukraine | 2,236 | 44 | 50-fold |
Lithuania | 2,182 | 2,105 | 3.6% |
Kazakhstan | 1,186 | 1,193 | -0.7% |
Georgia | 265 | 287 | -7.8% |
Mongolia | 220 | 297 | -25.9% |
South Ossetia | 101 | 96 | 5.6% |
Azerbaijan | 42 | 39 | 6.3% |
Import, million kWh | 1,205 | 2,794 | -56.9% |
Including: | |||
Kazakhstan | 798 | 2,481 | -67.9% |
Georgia | 170 | 160 | 6.0% |
Lithuania | 88 | 34 | 160.6% |
Azerbaijan | 83 | 94 | -11.8% |
Mongolia | 41 | 24 | 72.5% |
Finland | 23 | 0.234 | 100-fold |
Ukraine | 2.284 | 0 | 100% |
Belarus | 0.058 | 0.26 | -77.6% |
Electricity export surged due to appreciation of euro against ruble, which resulted in more profitable supply to Finland. China has become the largest export customer of Inter RAO Group for the first time due to favorable market conditions.
Import from Kazakhstan reduced due to prevailing market conditions.
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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 approximately 35 GW of installed power generation capacity. www.interrao.ru
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