RAO UES

Inter RAO UES increased its share in Tomskenergosbyt to 93.58% for 76 mln rubles

Energy company Inter RAO UES has bought 2.37% of ordinary shares and 16.06% of preferred shares of Tomskenergosbyta from the minority shareholders for 76 million rubles, thus increased its stake to 93.58%, the company’s report under IAS informs.

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In Q1, net profit of Inter RAO UES grew by 6% to 28 bln rubles

In the first quarter of 2016, the net profit of Inter RAO UES under IAS increased by 6% to 17 billion rubles, the company’s report informs.

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"Inter RAO" can buy the Reftinsk TPP from "Enel Russia".

State Holding, which will soon receive 70 billion roubles for the shares of "Irkutskenergo", became interested in the station.
The "Inter RAO" holding became interested in the Reftinsk TPP, which was put up for sale by "Enel Russia" in early April, a source close to one of the companies, the banker who works with both, and the familiar top-managers of "Inter RAO" told "the Vedomosti". UBS is engaged in selling. The bank sent out an offer to purchase the Reftinsk power plant, but there is no price, source in one of the companies that have received such an offer informs.

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Renova to start import substitution

Rotek, included in Renova, has intended to compete with GE, Siemens and other manufacturers in the field of gas turbines service. Their turbines are almost at all new thermal power plants, and foreigners dictate the prices for the service, binding them to the currency. Because of this, it becomes more and more difficult for the Russian generation to stay within operating expenses, recorded in investment projects. Rotek plans to oust its competitors due to the localization of the most expensive components of the hot section in the Russian Federation - the turbine blades, which will cost by 15% cheaper than foreign ones.
Rotek (owns Ural Turbine Works, is a part of Renova) will restore components of gas turbines’ hot section; the production of the components was launched in Ekaterinburg on Friday. About 1 billion rubles were invested in the first stage, it will carry out finishing operations on production and recovery of turbine blades. In 2018, it is planned to locate the full cycle of the hot section components of large gas turbines, if the market will grow, Rotek promises. The total investment will amount to 2 billion rubles.

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Ministry of Energy expects growth of power generation by 0.48% to 1.055 trillion kWh in 2016

Ministry of Energy expects growth of power production by 0.48% to 1.055 trillion kWh in 2016. The information is from the statement of the press-service of the department.
“Power consumption is expected at 1.044 trillion kWh, power generation - 1.055 trillion kWh in 2016, taking into account the actual balance data for January and February 2016 and the adjustment of the balanced export in the absence of the need to supply electric power from the Ukraine to the Crimea and the availability of actual supply of power to China, exceeding the forecasted balance sheet ,” they stated in the press-service of the Ministry of Energy to RIA Novosti.

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Rosneftegaz will pay to the budget 25% of its net profit instead of 50%

The state holding Rosneftegaz JSC has coordinated with the state authorities payment to the state budget of the dividends for 2015 at a rate of 18 billion rubles, that is by 1.6 times less than those for 2014. The sum was 30.096 billion rubles then.
The agencies have set the enhanced benchmarks of dividend payments for the state companies at a rate of 50% instead of 25%. However the Government is able to make exceptions if needed whereas the Ministry of Economy Development was against such stipulation. Rosneftegaz has been granted such exception, a source close to the situation claims. He says nothing about argumentation of the company. Rosneftegaz presented the investment tasks that needed the funds and the reserves.

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In Q1, energy consumption in Russia grew by 1.2%

According to operational data of the System Operator of the Unified Power System (SO UES), in March 2016, the power consumption in the Unified Energy System of Russia amounted to 90.8 billion KW/ h, which is by 0.1% less than the consumption in March 2015. In the whole of Russia, in March 2016, the electricity consumption amounted to 93.3 billion kW/h, which is by 0.2% less than in March 2015.
The total volume of the consumption and generation of electricity in Russia is made up of indicators of the energy consumption and generation of facilities, located in the United Energy System of Russia and facilities, operating in isolated power systems (Taimyr, Kamchatka, Sakhalin, Magadan, Chukotka, the power system of Central and Western Yakutia and in the Crimean power system). The actual performances of the energy systems of isolated areas are presented by subjects of operational dispatch management of these grids.

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Investment program of RusHydro for 2016-2019 has been reduced by 48.4% to 172 bln roubles

​The Board of Directors of RusHydro has reduced the investment program for 2016-2019 by 48.4% to 171.9 bln roubles.
The volume of financing of the corrected investment program of RusHydro for 2016-2019 was reduced by 48.4% to 171.9 bln roubles against the level approved in December 2015 (220.3 bln roubles). The putting into operation of energy generation capacities will make up 799.98 mW and 687.8 Gcal/h.
The change of the financing volume is mainly connected with the reduction of the annual expenditure for the technical retooling projects (in the framework of the complex modernization program) for 2016-2019 to the maximum target level of financing of 30 bln roubles a year (VAT included).
The head of RusHydro, N. Shulginov, said that the investment program of the group in 2016 would be reduced by 22 bln roubles to 111 bln roubles. The Ministry of Energy of Russia approved the investment program of RusHydro for 2016 at 7.717 bln roubles, the company’s own funds – 55.590 bln roubles. The investment program for 2015 made up about 112.5 bln roubles.

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In Q1, 2016, negation and consumption of electricity in Russia grew by 0.8%

In the first quarter of 2016, the electricity production in Russia grew by 0.8% as compared to the first quarter of 2015 and amounted to 294.1 billion kWh. This was reported by the Central Dispatch Department of the Fuel and Energy Sector on April 2, 2016.
The consumption of electricity also grew by 0.8% and amounted to 290.3 billion kWh.
In the first quarter of 2016, the electricity export remained at the level of the first quarter of 2015, amounted to 3.8 billion kWh.

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In 2015, RAO Energy Systems of the East made the net loss in the amount of 2.2 billion rubles

In 2015, the net loss of RAO Energy Systems of the East under Russian Accounting Standards amounted to 2.242 billion rubles against 4.475 billion rubles of the profit in the previous year, the company’s report informs.

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