RusHydro forecasts electric energy generation at the level of 2016 in 2017 but admits that the result may fall by 3% and grow by 1%.
In the first quarter, stations of the holding company RAO ES of the East reduced the production of electricity by 9.2% to 9.291 billion kWh, RusHydro reports.
The management of RusHydro has recommended the Board of Directors to pay dividends at the rate of 50% of its net profit under IAS or 4.66 roubles/share.
RusHydro reduced electric energy generation by 5.4% in Q1 to 29 bln kWh, the company reports.
RusHydro plans to reduce the amount of its investment program in 2017 by 19% to 46.913 billion rubles including VAT.
RusHydro plans to cut its investment program by 19% in 2017 – to 46.913 bln roubles taking into account VAT, the Ministry of Energy of Russia reports.
According to the Kommersant, RusHydro explores options for entering the project of UC Rusal for the completion of the Taishet aluminum plant construction.
RusHydro increased its net profit under RAS by 39% to 41.9 bln roubles in 2016, the company reports.
RusHydro expects electric energy generation growth by 2-3% in 2017 compared with the results of 2016 to 127.3-128.5 bln kWh, a representative of the company said.
In 2016, the net profit of RusHydro under IAS grew by 46.4% in 2016 compared to the previous year's figure and amounted to 39.751 billion rubles, the company reports.