20 Jul 2021 12:43
PJSC RusHydro (HYDR) PJSC RusHydro: RusHydro Group announces its operating results for 2Q 2021 20-Jul-2021 / 13:43 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 Group announces its operating results for 2Q 2021 July 20, 2021. Moscow, Russia. PJSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces operating results for the 2nd quarter of 2021, of the parent company and subsidiaries of RusHydro Group reflected in consolidated financial statements. Total electricity output in 1H 2021 was at the normal level or above, yet below year-on-year on the back of high base effect.
Key highlights of 2Q 2021: 39,564 GWh - total electricity generation by RusHydro Group including Boguchanskaya hydropower plant (-1.9%)[1]; 29,503 GWh - electricity output from hydro and pumped storage plants excl. Boguchanskaya HPP (-1.7%); 5,628 GWh - electricity output from thermal power plants (-6.5%); 4,904 thousand Gcal/h - heat output from thermal power plants in the Far Eastern Federal District (+1.3%); 8,788 GWh - sales by Group's electricity retail companies in (+3.1% y-o-y).Key highlights of 1H 2021: 73,147 GWh - total electricity generation by RusHydro Group including Boguchanskaya hydropower plant (-6.0%); 49,453 GWh - electricity output from hydro and pumped storage plants in excl. Boguchanskaya HPP (-9.7%); 14,065 GWh - electricity output from thermal power plants (+0.6%); 15,918 thousand Gcal/h - heat output from thermal power plants in the Far Eastern Federal District (-6.2%); 21,260 GWh - sales by Group's electricity retail companies in (+3.9% y-o-y).Electricity generation by the plants of RusHydro Group, GWh
The underlying factors of the production change in January-June 2021 were: water inflows to the reservoirs of the Volga-Kama cascade, Siberia and the Far East at the normal level or slightly above, yet below last year's level; water inflows to the reservoir of Chirkeyskaya HPP at the normal level; increase of electricity consumption in the Far East by 1.0% increase of heat output in the Far East driven by weather conditions.Heat output by thermal plants of RAO ES of the East Subgroup, '000 GCal
Electricity retail Total electricity output by RusHydro Group's energy retail companies in 2Q 2021 increased by 3.0% to 10,763 GWh as compared to 2Q 2020. In the first half of 2021, output increased by 3.7% to 25,817 GWh as compared to the corresponding period of 2020. The increase came on the back of climate factor aided by economic recovery as electricity consumption increased following lifting of restrictions implemented in 2020 on the back of COVID-19 pandemic spread.
Electricity output by RusHydro Group's retail companies, GWh
Water inflows forecast According to the forecast of the Hydrometeorology Center of Russia, the following dynamics of water inflows to the major reservoirs is expected in the 3rd quarter of 2021: In Siberia, water inflows to Sayano-Shushenskoye reservoir are expected above the normal level, to Novosibirskoye reservoir - close to the normal level In the Far East, inflows to Zeyskoye and Kolymskoye reservoirs are expected to be close to the long-run average. Total water inflows to reservoirs of the hydropower plants of the Volga-Kama cascade and Chirkeyskoye reservoir are expected below the normal level or close to it.
About RusHydro RusHydro Group is the leading producer of renewable energy in Russia with over 400 generating facilities. It is Russia's largest generating company and is the third hydropower company in the world. The Group's total electricity generation capacity including Boguchanskaya HPP is 38.0 GW.
For more information: Investor Relations Department Tel. +7 (495) 122 0555 ext. 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.
[1] Hereinafter data is reported excluding Armenia and Primorskaya GRES. On 11.03.2020 RusHydro has finalized divestment of its assets in Armenia to PJSC Hrazdan Power Company (HrazTES, Tashir Group). Primorksaya GRES was sold to SUEK Group in June 2020 [2] Includes generation by HPPs of JSC RusHydro, Kolymskaya HPP and Viluiskie HPPs (RAO ES East Subgroup). 3 The Boguchanskaya hydropower plant is part of the Boguchanskiy Energy and Metals Complex (BEMO), a 50/50 joint venture (JV) between RusHydro and UC RUSAL, and is not part of RusHydro Group. According to RusHydro's shareholding in the JV (50%), the results of the plant are reported in the official financial statements in "Share of results of associates and jointly controlled entities". Operations of the HPP have been put into the press-release for general reference. |
| ISIN: | US7821834048, RU000A0JPKH7 |
| Category Code: | MSCM |
| TIDM: | HYDR |
| LEI Code: | 2534005TJN9DX4YWVT97 |
| OAM Categories: | 2.2. Inside information |
| Sequence No.: | 118046 |
| EQS News ID: | 1220294 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.