EuroSibEnergo announces Preliminary Results 2009
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 08.02.2010 |
Moscow, 5 February 2010 - In 2009, the power stations of EuroSibEnergo produced 82.8bn kWh, up 4% over the previous year, which makes the company Russia's second (1st - OAO Concern "Energoatom") in terms of electricity production. The company's HPPs (Krasnoyarsk, Bratsk, Ust-Ilimsk and Irkutsk) produced 68.9bn kWh (+14% on 2008); the CHPs produced 13.86bn kWh (-27%). The HPPs' production increase was provided by higher water flows into the HPPs' reservoirs, and changed operating conditions of the Angara and Enisey HPP cascade, where there was but insignificant water discharge in 2009.
The thermal power production at the EuroSibEnergo's plants totaled 29.32m Gcal, down 3% from 2008. The open-pit mines produced 12m tons of coal.
The consolidated IAS revenue projection for OAO EuroSibEnergo is over RUR76.2bn for 2009, with about 80% of it accounting for power generation, about 15% - for sales and engineering companies, and 5% - for coal production.
The investments into the assets development at OAO EuroSibEnergo exceeded RUR6.42bn in 2009, the key investment projects being as follows:
OAO IrkutskEnergo:
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Installation of two advanced-efficiency hydropower wheels at Bratsk HPP; the project to install six new wheels was launched in 2006 to be completed in 2010; the new wheels will provide a productivity increase for the HPP.
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Construction and commissioning of a railway connection between the coal mine and CHP-10; an owned rail line will reduce the company's coal transportation costs.
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Construction and commissioning of a gas-fed boiler house (the company's first) in the city of Bratsk; capacity - 4.3 Gcal*h; gas consumption - 14 thd cubic meters per day.
OAO Krasnoyarsk HPP:
7 hydropower units, 29 turbines, 61 boilers and 2 hot-water boilers were repaired in 2009 under the repair and maintenance programme of OAO EuroSibEnergo.
In 2009, OAO EuroSibEnergo-Engineering, the engineering division of OAO EuroSibEnergo, completed its first outside-of-Russia project to build a 2MW mini-CHP in the city of Erevan, Armenia, and re-launched the heat and hot water supply system in the Avan suburb of the city. It is yet planned to increase the CHP's capacity and establish hot water supply to over 200 apartment houses (ab. 30thd people) in Erevan.
En+ Group Managing Director (Energy) Alexander Sergeev commented: "Despite the general electricity consumption decrease in Russia, EuroSibEnergo saw a growth of operational and financial performance in 2009 and has been able to keep high levels of investing into the modernization. Our objective is dynamic development of the company, based on a full-scale operations at the liberalized electricity market, as well as on new effective investment projects".
About EuroSibEnergo:
EuroSibEnergo (http://www.eurosib.ru/) is the Russia's largest electricity company owned by En+ Group. Its generating facilities' installed capacity totals 19,500 MW (over 15,000 MW account for HPPs), heat capacity - 17,570 Gcalh; annual electricity production - about 80bn kWh, heat production - about 30m Gcal; share of the Russian electricity market - more than 8%.
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