Font size:
Site colours:
Phone number for shareholders: 8–800–700–03–70
(JSC VTB Registrator, free call in Russia)
Bolshaya Pirogovskaya ulitsa, 27 building 2, Moskva, Russia, 119435  ·   +7 (495) 664–88–40   ·  office@interrao.ru

Previous material:

Inter RAO Group Publishes IFRS Consolidated Financial Statements for 2020

Inter RAO Group Announces Operating Results for the Full Year 2020

11 February 2021

Inter RAO Group announced operating results for the full year 2020.

Indicator 2020 2019 +/-

Installed capacity as at the end of the period, GW

31.088

31.860

-2.4%

Installed heat capacity as at the end of the period, thous. Gcal/h

25.200

25.252

-0.2%

Electricity output, billion kWh

106.079

130.203

-18.5%

Installed capacity utilization factor (ICUF)

39.0%

45.0%

-

Heat distribution from collectors, million Gcal

37.330

40.251

-7.3%

Russian generation:

Indicator 2020 2019 +/-

Installed capacity as at the end of the period, GW

28.311

29.083

-2.7%

Installed heat capacity as at the end of the period, thous. Gcal/h

25.034

25.086

-0.2%

Electricity output, billion kWh

100.917

120.522

-16.3%

Share of electricity output in Russia

9.5%

11.0%

-

Installed capacity utilization factor (ICUF)

40.7%

47.4%

-

Heat distribution from collectors, million Gcal

37.232

40.067

-7.1%

Key factors shaping dynamics of performance indicators in the Generation segment compared to 2019 were as follows:

  • Decommissioning of three power units from 1 January 2020 and a generator from 1 May at the Kashirskaya SDPP with the total capacity of 980 MW, as well as decommissioning of a generator at the Iriklinskaya HPP with the capacity of 7.5 MW;
  • Commissioning of three power units at Primorskaya TPP in the Kaliningrad region with 195 MW of total capacity in the second half of 2020;
  • A decrease in electricity and heat consumption caused by a higher air temperature in the beginning of 2020, as well as the impact of the coronavirus pandemic on the economy;
  • High water and the associated high loading of HPPs in the UES of Russia due to unloading of heat generation by the System Operator in the first half of 2020;
  • Increase in the installed capacity (relabeling) of power units in 2020 at the Pregolskaya and Mayakovskaya TPPs in the Kaliningrad region as a result of the introduction of new technologies, due to which their total installed capacity has increased by 8.1 MW, as well as relabeling of a power unit at the Karmanovskaya SDPP in Bashkiria (an increase in capacity by 12 MW).

Foreign assets: generation and distribution grids

Indicator 2020 2019 +/-

Installed capacity as at the end of the period, GW

2.777

2.777

-

Installed heat capacity as at the end of the period, thous. Gcal/h

0.166

0.166

-

Electricity output, billion kWh

5.162

9.681

-46.7%

Installed capacity utilization factor (ICUF)

21.2%

27.7%

-

Heat distribution from collectors, million Gcal

0.098

0.184

-47.1%

Total length of power lines, km

6 098

5 887

+3.6%

Grid output, billion kWh

2.635

2.903

-9.2%

The primary drivers of changes in key indicators:

  • Transfer of Trakya TPP to the state in June 2019 and the sale of the share in Ekibastuzskaya SDPP-2 in December 2019, which affected electrical power generation and heat distribution from collectors.
  • An increase in the output of Moldavskaya SDPP by 10.5% due to the growth of supply to Moldova and an increase in consumption by enterprises of the Pridnestrovian Moldavian Republic;
  • An increase in the output of the Lithuanian Vydmantai Wind Park by 14.8% caused by the dynamics of the wind speed;
  • A reduction in the grid output by JSC Telasi by 9.2% was caused by the impact of COVID-19 pandemic on the economy of Tbilisi;
  • Construction of lines for new consumers in Tbilisi, and new cable lines for ensuring network redundancy, and reconstruction and modernization of Telasi JSC grids, which resulted in the increase of length of power lines of Telasi JSC by 211 km.

Supply in Russia

Indicator 2020 2019 +/-

Number of customers, million

17.031

16.568

+2.8%

Total sales of electric energy on the retail market, billion kWh

191.640

196.959

-2.7%

Share of the Russian retail market*

18.2%

18.3%

-

* Share of the Russian retail market - sales on the retail market from total actual consumption of electric energy in Russia (1050.4 billion kWh in 2020, and 1074.8 billion kWh in 2019 according to the current data from the System Operator of the Unified Energy System of Russia, the decrease is an estimated 2.3%).

The number of customers of supply companies continued to increase due to the transition of residents to direct payments to suppliers of last resort and commissioning of residential buildings. LLC RN-Energo continued to engage new clients, which resulted in the increase of the number of customers by 21.5%.

The volume of sales has decreased as a result of the impact of the epidemiological situation on the economy, as well as due to high air temperature in the beginning of 2020. Northern Energy Supply Company (with the growth by 1.3%) is an exception: an increase in electricity consumption by large consumers such as JSC Apatit, LLC Sukhonsky KBK and the new Novy greenhouse complex (Cherepovets) was higher than the reduction in consumption by other consumers.

Commercial export and import of electric energy by Inter RAO Group via Russian border:

Indicator 2020 2019 +/-

Total exports, billion kWh

11.701

19.338

-39.5%

Including:

Lithuania

3.143

6.286

-50.0%

China

3.060

3.099

-1.3%

Finland

2.637

7.023

-62.5%

Kazakhstan

1.264

1.438

-12.1%

Georgia

0.571

0.525

+8.8%

Mongolia

0.312

0.372

-16.2%

Azerbaijan

0.089

0.091

-2.2%

Other

0.625

0.505

+23.8%

Total imports, billion kWh

1.374

1.603

-14.3%

Including:

Kazakhstan

1.117

1.243

-10.2%

Lithuania

0.079

0.055

+43.6%

Azerbaijan

0.119

0.219

-45.8%

Mongolia

0.04

0.027

+50.2%

Finland

0.02

-

-

Georgia

-

0.059

-100%

Key factors shaping the dynamics of imports and exports:

  • Decrease in prices in the NordPool market in 2020 due to the impact of the pandemic on the global economy, as well as due to the warm winter in the beginning of 2020 and the high water in H1;
  • The growth of export to Georgia due to energy supplies to consumers of Inter RAO Georgia subsidiary;
  • Start of supply to Latvia in the autumn of 2020 in the volume of 302 million kWh due to the fact that the supply to Lithuania via Belarus stopped (while the supply to Lithuania from the Kaliningrad Region was not limited).

Next material:

PJSC Inter RAO Published RAS reporting for 2020
Consolidated
financial statements
prepared according to
IFRS
for 1Q of 2021
View report

Reference

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 30.8 GW of installed power generation capacity.

www.interrao.ru