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Mikhail Galperin appointed Deputy General Director, Head of Legal Affairs Division, PJSC Inter RAO

Inter RAO and Rosneft started construction of power supply facilities for Vostok Oil project

3 June 2021

LLC Inter RAO – Engineering (a subsidiary of PJSC Inter RAO), LLC Vostok Oil and LLC “NGH-Nedra” (companies of Rosneft Group of Companies PJSC) concluded contracts for R&D to build first-phase power supply facilities for Vostok Oil project as part of the 24th St. Petersburg International Economic Forum.

The project provides for construction of power generation facilities with the capacity of about 3.5 GW, three airfields, two marine terminals, 15 towns for oilfield workers, and large-scale upgrade of the infrastructure of Yenisey river. Rosneft is building the North Bay loading terminal for loading tankers.

LLC Inter RAO – Engineering will perform R&D to build the Irkinskaya gas-turbine power plant with the capacity of 867 MW, the 110 kV overhead power line, power facilities for Payakha main pumping station, and the 214 MW power plant for the North Bay terminal.

In 2020 Rosneft started large-scale development of fields of the Taymyr Peninsula. Vostok Oil will enable development of unique potential of resources in the region. Project implementation will provide for achieving goals set by the President of the Russian Federation in relation to increasing freight traffic on the Northern Sea Route to 80 million tons by 2024.

Vostok Oil project provides for creating tens of thousands of new jobs. Over 400,000 people will be needed for field facilities construction.

Vostok Oil’s competitive advantage is that it is close to the Northern Sea Route, the unique transport corridor. Its use allows supplying raw materials from fields to the markets of Europe and Asia.

Vostok Oil project implementation will boost the development of related industries such as machine building, the metal industry, electricity generation, road construction and shipbuilding, and it will have considerable multiplier effect.

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 about 30.8 GW of installed power generation capacity. www.interrao.ru

LLC Inter RAO – Engineering is an engineering company that specializes in the management of energy construction projects in Russia and abroad. The company provides a wide range of services for the implementation of energy construction projects, including project management on EPC/EPCM terms, the design of power facilities, and the supply of main and auxiliary equipment.

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Inter RAO and Rosneft agreed on cooperation in developing small-capacity production and selling LNG as engine fuel
Consolidated
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prepared according to
IFRS
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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