* The financial results are given for the following power generation companies: JSC Inter RAO - Electric Power Plants, CJSC Nizhnevartovskaya TPP, Bashkir Generation Company LLC, JSC TGC-11, and JSC Tomsk Generation (without taking into account the performance of the heating business for 2016).

The main determinants of operational and financial performance of Russian generating companies of Inter RAO Group:

  • Retirement of outdated inefficient power generation equipment in Russia with the total installed capacity of 1,271 MW, including 865 MW at Cherepetskaya TPP, 330 MW at Verkhnetagilskaya TPP, and 75 MW at Omskaya TPP-3 since January 1, 2017, as well as 1 MW at Bashkir power facilities;
  • Commissioning of 1,428 MW of new power generation capacity under CDA (861 MW at Permskaya TPP, 447 MW at Verkhnetagilskaya TPP and 120 MW at Omskaya TPP-3);
  • Sale of the 120 MW Kumertau TPP (328 Gcal/h) in November 2016;
  • An increase in the installed electric capacity of the existing units by 60,2 MW after carrying out technical works on relabeling (including by 15,7 MW at Urengoyskaya TPP, by 30 MW at Gusinoozerskaya TPP, by 10 MW at Kharanorskaya TPP, by 4,5 MW at Yuzhnouralskaya TPP);
  • Conducting repair operations at power units of Nizhnevartovskaya and Permskaya TPPs, Severo-Zapadnaya TPP and Kaliningradskaya TPP-2 in 2016, which resulted in power generation growth for 9 months of 2017; at the same time repair operations were conducted at Ivanovskie CCGT and Cherepetskaya TPP in 2017 which resulted in power generation decrease at these TPPs;
  • Reduction in utilization of power units at Iriklinskaya and Kashirskaya TPPs for cost optomization;
  • The lower air temperature in winter 2017 and the later end of the heating season in spring 2017;
  • A considerable reduction in selling price at DAM in the context of the low-cost generation increase;

Operational and financial results of heat generation assets performance:

Indicator Inter RAO - Electric Power Plants Nizhnevartovskaya TPP
9 months 2017 Change 9 months 2017 Change
Revenue 134.2 5.9% 13.4 (1.5%)
Cost of goods sold 105.9 4.2% 10.0 (5.0%)
Sales profit 26.7 13.0% 2.9 19.0%
Net income 29.3 (16.5%) 2.3 31.3%
Power generation, billion kWh 59.6 3.0% 9.0 (11.4%)
Heat distribution from collectors, million Gcal 2.6 8.2% 0.2 5.9%

* billion rubles unless indicated otherwise

Operational and financial results of heat generation assets performance:

Indicator Bashkir Generation Company TGC-11 Tomsk Generation
9 months 2017 Change 9 months 2017 Change 9 months 2017 Change
Revenue 31.1 (1.6%) 12.9 7.3% 4.6 8.0%
Operating expenses 27.2 1.0% 11.5 0.3% 4.0 4.6%
Sales profit 3.9 (16.2%) 1.0 104.0% 0.3 123.3%
Net profit 2.3 (13.7%) 0.7 by 7.0 times 0.2 by 92.9 times
Power generation, billion kWh 13.5 (6.2%) 4.8 0.9% 1.2 5.3%
Heat distribution from collectors, million Gcal 11.3 3.4% 5.7 (0.8%) 2.8 3.3%

* billion rubles unless stated otherwise

For more details about RAS operating results of Russian power generation companies of Inter RAO Group for 9 months of 2017, please visit their official websites:

Inter RAO - Electric Power Plants and Nizhnevartovskaya TPP Bashkir Generation Company TGC-11 Tomsk Generation
Press release Press release Press release Press release
Financial results for nine months of 2017 Financial results for nine months of 2017 Financial results for nine months of 2017 Financial results for nine months of 2017
Operational results Operational results Operational results Operational results

OAO INTER RAO UES published this content on 26 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2017 06:48:06 UTC.

Original documenthttp://www.interrao.ru/en/press-center/news/detail.php?ID=8209

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