Inter RAO Group announced operating results for the first quarter 2018
|Installed power generation capacity as at the end of the period, GW||33,450||31,257||+7,0%|
|Installed Heat production capacity as at the end of the period, GW, thous. Gcal/h||25,682||25,622||+0,2%|
|Electricity output, million kWh||34,374||35,540||-3,3%|
|Capacity utilization factor (CUF)||48,2%||52,6%||-|
|Thermal electricity supply from collectors, million Gcal||16,366||15,593||+5,0%|
|Installed capacity as at the end of the period, GW||29,194||27,002||+8,1%|
|Installed Heat production capacity as at the end of the period, GW, thous. Gcal/h||25,002||24,942||+0,2%|
|Electricity output, million kWh||31,380||32,133||-2,3%|
|Capacity utilization factor (CUF)||50,5%||55,1%||-|
|Thermal electricity supply from collectors, million Gcal||16,281||15,506||5,0%|
Key factors shaping dynamics of production indicators in the Generation segment year-on-year:
- Commissioning of new generating capacities in the amount of 2,085 MW (903 MW at Permskaya GRES, 447 MW at Verhnetagilskaya GRES, 418 MW at Zatonskaya TPP in Ufa, and 316 MW at Mayakovskata TPP in the Kaliningrad region);
- An increase in the installed electric capacity of current units after technical maintenance related to remarking by 108 MW (by 60 MW at Permskaya GRES, by 18 MW at Nizhnevartovskaya GRES, by 30 MW at Gusinoozerskaya GRES);
- Decommissioning of inefficient generating equipment at the energy generating facilities in Bashkiria of less than 1 MW;
The reduced output is predominantly due to the improvement of the included equipment caused by the reduced profitability of selling electric energy produced by thermal power plants. The increase supply of thermal energy is due to the reduced average air temperature in the regions in which electric power plants are located.
Foreign assets: generation and distribution grids
|Installed power generating capacity as at the end of the period, GW||4,255||4,255||-|
|Installed Heat production capacity as at the end of the period, GW, thous. Gcal/h||0,68||0,68||-|
|Electricity output, million kWh||2,994||3,407||-12,1%|
|Capacity utilization factor (CUF)||32,6%||37,1%||-|
|Thermal electricity supply from collectors, million Gcal||0,085||0,087||-2,2%|
|Total length of powerlines, km||5 448||5 129||+6,2%|
|Grid output, billion kWh||0,824||0,783||+5,2%|
The primary drivers of changes in key indicators:
- Reduced output by Moldavskaya GRES by 1% due to the temporary interruption of supply electric energy to Moldova in 1H2017;
- Negative dynamics (-70%) of the output of Trakya Elektrik is largely due to the dispatch electric load schedule set by the system operator;
- Reduced output by 22% in Georgia due to the low level of water balance of the Khrami river, which affected Khrami GES.
- Increased output by Ekibastuzskaya GRES-2 by 10.4% is due to the increased sales caused by entering the centralized trade market for electric energy;
- The length of powerlines of Telasi JSC increased by 319 km due to the construction of lines for new consumers, and new cable lines for ensuring network redundancy, and reconstruction and upgrading of the grids;
- Grid output of Telasi JSC increased by 5.2% due to the development of the urban infrastructure, and connection of new subscribers.
Sales in Russia
|Number of users, million||14,848||14,576||+1,9%|
|Total sales of electric energy on the retail market, billion kWh||52,239||49,754||+5,0%|
|Share of the Russian retail market*||17,6%||17,2%||-|
*Share of the Russian retail market means sales on the retail market from total actual consumption of electric energy in Russia (296.2 billion kWh in 1Q2018, 289.2 billion kWh in 1Q2017, according to the current data from the System Operator of the Unified Energy System of Russia fo)
The number of users for distributors continued to increased due to the commissioning of residential apartments (predominantly in St Petersburg and Leningrad region), and switching residents to direct settlements with the generating supplier (shifting away from working with managing companies) in Orlovsk region. RN-Energo LLC continued to engage new clients, which resulted in the increase of the number of users by 72%.
Electric energy sales increased due to the increase of the number of consumers as well as due to the colder winter of 2018.
Commercial export and import of electric energy by Inter RAO Group via the Russian border
|Total exports, million kWh||3 378||3 548||-4,8%|
|Including to the following countries:|
|Finland||1 541||1 510||+2,0%|
|Total imports, million kWh||1 928||1 133||+70,2%|
|Including to the following countries:|
|Kazakhstan||1 875||1 071||+75,1%|
Key factors impacting the dynamics of imports and exports:
- Increased imports from Kazakhstan and exports to China are due to the economic efficiency of the countries;
- A strong decrease of supplies to Georgia and Belarus due to the market conjuncture.
prepared according to
Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business.
The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and Russia's leading electric utility by energy efficiency. Inter RAO Group owns and operates approximately 33.5 GW of installed power generation capacity.