INTER RAO UES Inter RAO Group announced operating results for the first 9 months of 2018.
Indicator | First 9 months of 2018 | First 9 months of 2017 | +/- |
|---|---|---|---|
Installed power generation capacity as at the end of the period, GW | 33,487 | 32,565 | +2,8% |
Installed heat production capacity as at the end of the period, thous. Gcal/h | 25,731 | 25,632 | +0,4% |
Electricity output, billion kWh | 96,041 | 96,994 | -1,0% |
Installed capacity utilization factor (ICUF) | 44,0% | 46,8% | - |
Heat distribution from collectors, million Gcal | 27,997 | 26,751 | +4,7% |
Russian generation:
Indicator | First 9 months of 2018 | First 9 months of 2017 | +/- |
|---|---|---|---|
Installed power generation capacity as at the end of the period, GW | 29,232 | 28,310 | +3,3% |
Installed heat production capacity as at the end of the period, thous. Gcal/h | 25,051 | 24,952 | +0,4% |
Electricity output, billion kWh | 88,124 | 87,978 | +0,2% |
Share of electricity output in Russia | 11,1% | 11,2% | - |
Installed capacity utilization factor (ICUF) | 46,3% | 49,0% | - |
Heat distribution from collectors, million Gcal | 27,880 | 26,619 | +4,7% |
Key factors shaping dynamics of performance indicators in the Generation segment compared to the first nine months of 2017 were as follows:
- Commissioning of new generating capacities in the amount of 756 MW in March 2018 (440 MW at Zatonskaya TPP in Ufa, and 316 MW at Mayakovskaya TPP and Talakhovskaya TPP in the Kaliningrad region);
- A 124 MW increase in the installed electric capacity of current units after technical maintenance related to remarking (by 60 MW at Permskaya SDPP, by 18 MW at Nizhnevartovskaya SDPP, by 30 MW at Gusinoozerskaya SDPP, by 16 MW at Iriklinskaya TPP);
- Operation of power unit No. 4 of Permskaya SDPP with installed capacity of 903 MW, commissioned in August 2017, and power unit No. 12 of Verkhnetagilskaya SDPP with installed capacity of 447 MW, commissioned in June 2017,
The reduced output is predominantly due to the longer maintenance campaigns, including those in the periods of reduced profitability of electricity sales. The increased supply of thermal energy is attributed to lower average air temperatures and longer heating season in the regions where electric power plants are located.
Foreign assets: generation and distribution grids
Indicator | First 9 months of 2018 | First 9 months of 2017 | +/- |
|---|---|---|---|
Installed power generation capacity as at the end of the period, GW | 4,255 | 4,255 | - |
Installed heat production capacity as at the end of the period, thous. Gcal/h | 0,68 | 0,68 | - |
Electricity output, billion kWh | 7,917 | 9,016 | -12,2% |
Installed capacity utilization factor (ICUF) | 28,4% | 32,3% | - |
Heat distribution from collectors, million Gcal | 0,117 | 0,131 | -11,3% |
Total length of power lines, km | 5 564 | 5 268 | +5,6% |
Grid output, billion kWh | 2,227 | 2,160 | +3,1% |
Electric power losses | 4,1% | 4,1% | - |
The primary drivers of changes in key indicators:
- Increased output by Moldavskaya GRES by 19,8% due to the temporary interruption of electric energy supply to Moldova in the first six months of 2017;
- Negative dynamics of Trakya Elektrik output (-66,7%) is largely due to the dispatch electric load schedule set by the system operator, and scheduled maintenance in May 2018;
- The length of power lines of Telasi JSC increased by 296 km due to the construction of lines for new consumers, and new cable lines for ensuring network redundancy, and reconstruction and modernization of grids;
- Grid output of Telasi JSC increased due to the development of urban infrastructure, and connection of new major consumers.
Supply in Russia
Indicator | First 9 months of 2018 | First 9 months of 2017 | +/- |
|---|---|---|---|
Number of customers, million | 15,168 | 14,601 | +3,9% |
Total sales of electric energy on the retail market, billion kWh | 137,766 | 132,188 | +4,2% |
Share of the Russian retail market* | 17,6% | 17,1% | - |
* Share of the Russian retail market - sales on the retail market from total actual consumption of electric energy in Russia (784,2 billion kWh in the first nine months of 2018, 771,9 billion kWh in the first nine months of 2017, according to the current data from the System Operator of the Unified Energy System of Russia)
The number of customers of supply companies continued to increased due to the start of operation of Vladimir Power Supply Company (which is a part of Inter RAO Group), the commissioning of residential apartments (predominantly in St Petersburg and Leningrad region), and switching residents to direct settlements with the guaranteeing supplier (shifting away from working with managing companies) in Oryol and Moscow Regions. RN-Energo LLC continued to engage new clients, which resulted in the increase of the number of users by 72%.
Electric energy sales increased due to the increase of the number of consumers as well as due to the colder winter of 2018.
Commercial export and import of electric energy by Inter RAO Group via Russian border:
Indicator | First 9 months of 2018 | First 9 months of 2017 | +/- |
|---|---|---|---|
Total exports, billion kWh | 11,936 | 12,681 | -5,9% |
Including: | |||
Finland | 4,763 | 3,701 | +28,7% |
China | 2,453 | 2,351 | +4,3% |
Lithuania | 2,905 | 2,356 | +23,3% |
Kazakhstan | 1,054 | 0,965 | +9,2% |
Mongolia | 0,323 | 0,288 | +12,2% |
South Ossetia | 0,103 | 0,108 | -5,4% |
Georgia | 0,200 | 0,332 | -39,8% |
Azerbaijan | 0,060 | 0,047 | +27,8% |
Ukraine | 0,038 | 0,077 | -50,1% |
Belarus | 0,037 | 2,455 | -98,5% |
Total imports, billion kWh | 4,820 | 4,590 | +5,0% |
Including: | |||
Kazakhstan | 4,584 | 4,155 | +10,3% |
Georgia | 0,097 | 0,262 | -63,0% |
Azerbaijan | 0,077 | 0,087 | -11,8% |
Lithuania | 0,041 | 0,061 | -33,1% |
Mongolia | 0,022 | 0,019 | +16,4% |
Key factors shaping the dynamics of imports and exports:
- Increased exports to Finland resulting from the price surge on the NordPool ensuing from increased consumption and decreased electricity output by local power plants due to low water content and high coal prices;
- Seasonal increase in supply to China;
- Increased imports from Kazakhstan ensuing from economic viability of supply;
- Considerable decrease of supply to Georgia and Belarus resulting from the market environment.
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OAO INTER RAO UES published this content on 25 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 October 2018 06:52:01 UTC
