* Financial results are available for the generation companies: JSC Inter RAO - Electric Power Plants, JSC Nizhnevartovskaya TPP, Bashkir Generation Company LLC, JSC TGK-11, and JSC Tomsk Generation
The following key factors affected the operating and financial results of Russian power generation and heat production subsidiaries of Inter RAO Group:
- Commissioning of three energy units with the installed capacity of 340 MW at Pregolskaya TPP in the Kaliningrad region and the second energy unit with the installed capacity of 220 MW Zatonskaya TPP in Ufa;
- An increase of 16 MW in the installed electric capacity of current unit of Iriklinskaya TPP and 22 MW in the installed electric capacity of the first unit of Zatonskaya TPP after technical maintenance related to remarking;
- Decommissioning of inefficient equipment of two power units at the Kashirskaya TPP (totaling 600 MW at both facilities) on January 1, 2019, as well as a turbine unit at the Ufimskaya TPP-1 with the capacity of 9 MW;
- A higher demand in the power system for electricity generated at the Kostromskaya, Verkhnetagilskaya, Kharanorskaya and Karmanovskaya TPPs, as well as the Zatonskaya TPP, and a decrease in the demand for the electricity produced by the Permskaya (the effective capacity less the power unit built under the capacity supply agreement), Gusinoozerskaya and Iriklinskaya TPPs, and JSC TGK-11 and JSC Tomsk Generation power plants, are related mainly to higher ambient temperature in 2019;
- Scheduled maintenance of all power units at Nizhnevartovskaya TPP in 2019;
- Marketing of the capacity of leased facilities of LLC Kaliningrad Generation (power generating units of Mayakovskaya, Talakhovskaya and Pregolskaya TPPs);
- Indexation of fuel prices.
Financial results of the power generation subsidiaries:
Indicator | Inter RAO - Electric Power Plants | Nizhnevartovskaya TPP | ||
---|---|---|---|---|
Q1 2019 | Change | Q1 2019 | Change | |
Revenue | 57,4 | 16,1% | 4,5 | (9,4%) |
Production cost | 38,1 | 7,7% | 3,4 | (11,6%) |
Sales profit | 18,8 | 38,5% | 1,0 | (2,4%) |
Net income | 16,5 | 51,3% | 0,9 | (15,4%) |
Power generation, billion kWh | 21,2 | 3,7% | 2,9 | (19,3%) |
Heat distribution from collectors, million Gcal | 1,7 | (2,5%) | 0,09 | (10,6%) |
* Billion rubles unless indicated otherwise
Operating and financial results of the heat production subsidiaries:
Indicator | «Bashkir Generation Company» | «TGK-11» | «Tomsk Generation» | |||
---|---|---|---|---|---|---|
Q1 2019 | Change | Q1 2019 | Change | Q1 2019 | Change | |
Revenue | 14,7 | 19,9% | 6,7 | 10,7% | 2,7 | 3,1% |
Production cost | 11,5 | 13,9% | 4,5 | 2,9% | 2,1 | (0,9%) |
Sales profit | 2,9 | 57,2% | 2,0 | 34,5% | 0,5 | 28,0% |
Net income | 3,9 | 4,4 times | 1,6 | 37,0% | 0,4 | 37,7% |
Power generation, billion kWh | 5,4 | 17,8% | 1,9 | (3,3%) | 0,7 | (5,6%) |
Heat distribution from collectors, million Gcal | 5,6 | (7,5%) | 3,4 | (2,3%) | 1,9 | (6,3%) |
* Billion rubles unless indicated otherwise
For more details on RAS financial results of generation subsidiaries of Inter RAO Group in the first quarter of 2019, please visit their official websites:
«Inter RAO - Electric Power Plants» and Nizhnevartovskaya TPP | «Bashkir Generation Company» | «TGK-11» | «Tomsk Generation» |
---|---|---|---|
Press release | Press release | Press release | Press release |
Statements for Q1 2019 | Statements for Q1 2019 | Statements for Q1 2019 | Statements for Q1 2019 |
Operating results | Operating results | Operating results | Operating results |
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OAO INTER RAO UES published this content on 25 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 April 2019 06:52:11 UTC