DJ PJSC RusHydro: RusHydro has commissioned CHPP in Sovetskaya Gavan
PJSC RusHydro (HYDR)
PJSC RusHydro: RusHydro has commissioned CHPP in Sovetskaya Gavan
09-Sep-2020 / 08:23 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
RusHydro has commissioned CHPP in Sovetskaya Gavan
Today, in Khabarovsk Krai, PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR;
OTCQX: RSHYY) has inaugurated CHPP in the city of Sovetskaya Gavan in
Khabarovsk Krai Nikolay Shulginov, Chairman of the Management Board -
General Director of RusHydro and Mikhail Degtyarev, Head of Acting Governor
of Khabarovsk Krai, took part in the opening ceremony.
It is the remainder of the four priority projects in the Far East, under the
Presidential decree. Earlier, RusHydro has already commissioned the second
phase of Blagoveshenskaya CHPP, the first phase of Yakutskaya GRES-2 and
Sakhalinskaya GRES-2.
The new power plant with electric and heat capacity of 126 MW and 200
GCal/h, respectively, will replace the obsolete Mayskaya GRES, which has
been in operation since 1936. With electricity output of 630 kWh, the new
CHPP's production is threefold that of Mayskaya GRES.
The new facility is of significant importance to the social economic
development of the region. Khabarovsk Krai is rapidly developing with new
investment projects in transportation and ports currently in progress.
Electricity consumption is growing at an annual rate over 2%. Sovetskaya
Gavan CHPP will help cover the increasing electricity demand and contribute
to improvement of reliability of power supply.
About RusHydro
RusHydro Group is the leading producer of renewable energy in Russia. It is
Russia's largest generating company and is among the top-5 in the world with
over 400 generating facilities in Russia and abroad. The Group's total
electricity generation capacity including Boguchanskaya HPP is 40.0 GW.
Russian Federation owns 61.20% in RusHydro, the rest is held by other
institutional and individual shareholders (over 360,000). The company's
stock is traded on the Moscow stock exchange. Company's GDRs in the IOB
section of LSE, ADRs - in OTCQX.
For more information:
Investor Relations Department
Tel. +7 (495) 122 0555 ext. 1607, 1319, 1304
ir@rushydro.ru
The information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of RusHydro. You can identify forward looking statements by
terms such as "expect," "believe," "anticipate," "estimate," "intend,"
"will," "could," "may" or "might," the negative of such terms or other
similar expressions. We wish to caution you that these statements are only
predictions and that actual events or results may differ materially from
these statements. We do not intend to update these statements to reflect
events and circumstances occurring after the date hereof or to reflect the
occurrence of unanticipated events. Many factors could cause the actual
results to differ materially from those contained in our projections or
forward-looking statements, including, among others, general economic
conditions, our competitive environment, risks associated with operating in
Russia, rapid technological and market change in our industries, as well as
many other risks specifically related to RusHydro and its operations.
ISIN: US7821834048, RU000A0JPKH7
Category Code: CAN
TIDM: HYDR
LEI Code: 2534005TJN9DX4YWVT97
OAM Categories: 2.2. Inside information
Sequence No.: 83742
EQS News ID: 1129069
End of Announcement EQS News Service
(END) Dow Jones Newswires
September 09, 2020 02:23 ET (06:23 GMT)
