PJSC RusHydro (HYDR)
RusHydro Group announces its operating results for 3Q 2021
October 19, 2021. Moscow, Russia. PJSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces operating results for the 3rd quarter of 2021, of the parent company and subsidiaries of RusHydro Group reflected in consolidated financial statements.
Strong output in 3Q 2021 following hydropower production growth, 9M results slightly below year-on-year on the back of high base effect.
Key highlights of 3Q 2021:
Key highlights of 9M 2021:
Electricity generation by the plants of RusHydro Group, GWh
The underlying factors of the production change in January-September 2021 were:
Heat output by thermal plants of RAO ES of the East Subgroup, '000 GCal
Total electricity output by RusHydro Group's energy retail companies increased y-o-y by 1.6% and 3.1% in 3Q and 9M respectively. 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 4th quarter of 2021:
* 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
** Includes generation by HPPs of JSC RusHydro, Kolymskaya HPP and Viluiskie HPPs (RAO ES East Subgroup).
*** 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.
**** Data as of 23.09.2021, date of transaction conclusion on divestment of 100% share in Chuvash retail company to Transenergoprom
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
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.
|OAM Categories:||2.2. Inside information|
|EQS News ID:||1241832|
|End of Announcement||EQS News Service|