INTER RAO UES * The following power generation subsidiaries published their financial results: JSC Inter RAO - Electric Power Plants, JSC Nizhnevartovskaya TPP, Bashkir Generation Company LLC, JSC TGK-11, and JSC Tomsk Generation (net of heating network operations in 2015)
The following key factors affected the operating results of Russian power generation and heat production subsidiaries of Inter RAO Group:
- Launch of 225 MW Unit No. 9 at Cherepetskaya TPP, and rehabilitation of Turbine Generator No. 2 at Omskaya TPP-5 resulting in the increase of its installed capacity to 100 MW
- Capacity increases following the recertification of certain power generation units (Unit 1 at Yuzhnouralskaya TPP added 9.8 MW; Urengoysksya TPP added 14.4 MW; and Kaliningradskaya TPP-2 added 25 MW)
- Retirement of low-efficiency power generation equipment: 276 MW at Yuzhnouralskaya TPP and Verkhnetagilskaya TPP combined; 36 MW across power plants in Bashkortostan; and 50 MW at Omskaya TPP-4
- Optimized utilization of profitable capacity and reduced utilization of less efficient generation units
- Increased average heat tariffs as of January 1, 2015
- Divestment of JSC OmskRTS and JSC TomskRTS on April 1, 2014, and divestment of JSC Tomsk Generation from JSC TGK-11 on April 1, 2015
Operating results of power generation subsidiaries:
Indicator | Inter RAO - Electric Power Plants | Nizhnevartovskaya TPP | ||
|---|---|---|---|---|
2015 | Change | 2015 | Change | |
Revenue | 149.1 | 0.9% | 18.5 | 14.7% |
Cost of goods sold | 128.1 | (2.6%) | 14.3 | 21.4% |
Sales profit | 19.2 | 32.8% | 3.4 | (7.0%) |
Net profit/(loss) | (3.3) | - | 1.9 | (2.8%) |
Power generation, billion kWh | 84.7 | (6.8%) | 13.9 | 16.6% |
Heat output from collectors, million Gcal | 3.5 | (6.8%) | 0.22 | (12.6%) |
* Billion rubles unless indicated otherwise
Operating results of heat production subsidiaries:
Indicator | Bashkir Generation Company | TGK-11 | Tomsk Generation | |||
|---|---|---|---|---|---|---|
2015 | Change | 2015 | Change | 2015 | Change | |
Revenue | 41.8 | (0.4%) | 19.1 | - | 4.1 | - |
Operating expenses | 38.0 | 1.6% | 18.0 | - | 4.1 | - |
Sales profit | 3.8 | (16.9%) | 1.1 | - | 0.07 | - |
Net profit/(loss) | 1.0 | (62.0%) | 0.2 | - | (0.17) | - |
Power generation, billion kWh | 19.5 | (0.5%) | 7.8 | - | 1.3 | - |
Heat output from collectors, million Gcal | 16.4 | (2.8%) | 10.5 | - | 2.6 | - |
* Billion rubles unless indicated otherwise
For more details on 2015 RAS financial results of the power generation and heat production subsidiaries of Inter RAO Group, 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 Russia's leading electric utility by energy efficiency. Inter RAO Group owns and operates approximately 35 GW of installed power generation capacity.www.interrao.ruOAO INTER RAO UES issued this content on 15 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 February 2016 07:02:15 UTC
Original Document: http://www.interrao.ru/en/news/company/?ELEMENT_ID=5607
