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.
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.
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