11th Nov 2013 08:21
November 11, 2013
Boguchanskaya hydropower plant launches fifth 333 MW unit
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the fifth hydropower unit was commissioned and put into commercial operation at the Boguchanskaya hydropower plant (a 50/50 JV of RusHydro and UC RUSAL), adding 227 MW (current available capacity due to lower head) to the plant's working capacity.
The first three 333 MW hydropower units of the Boguchanskaya HPP were put into operation on November 26, 2012, the fourth hydropower unit was launched on January 21, 2013. The plant has started commercial supplies to the wholesale electricity and capacity market from December 1, 2012. Average daily output in October amounted to 16.36 GWh. Since its launch the Boguchanskaya HPP has supplied 4,169 GWh to the wholesale electricity and capacity market, including 3,752 GWh in 2013.
Total installed capacity of the five units in operation is 1,665 MW, actual capacity (reservoir level of 188 m) is 1,175 MW. Installation of the last ninth unit of the plant is currently underway.
Construction of the Boguchanskaya HPP was resumed in May 2006 after RusHydro and UC RUSAL had signed an agreement on the joint development of the Boguchanskoye Energy and Metals Complex (BEMO) comprising the Boguchanskaya HPP with average multi-year generation is 17,6 GWh and aluminum smelter producing 600 tons of metals per annum.
About RusHydro:
RusHydro Group is one of Russia's largest generating companies. RusHydro is the leading producer of renewable energy in Russia with over 70 generating facilities in Russia and abroad. The company also manages a number of R&D, engineering and electricity retail companies. Group's thermal assets are operated by subsidiary - RAO Energy System of East in the Far East of Russia. Total electricity generation capacity of the Group is 36.5 GW, heat capacity - 16.2 thousand GCal/h.
Russian Federation owns 67.1% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company's stock is traded on the MICEX and RTS stock exchanges, and included in MSCI EM и MSCI Russia indexes. Company's GDRs in the IOB section of LSE, ADRs - in OTCQX.
For more information:
Investor Relations Department
Tel. +7 (800) 333 8000 ext. 1607, 1319, 1304
DISCLAIMER
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. One can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements.
We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia and rapid technological and market changes in our industries, as well as many other risks specifically related to RusHydro and its operations.
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