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PJSC RusHydro: RusHydro Group announces its operating results for 2Q 2021

·8-min read

PJSC RusHydro (HYDR)
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:

Key highlights of 1H 2021:

Electricity generation by the plants of RusHydro Group, GWh

 

2Q'21

2Q'20

chg, %

1H'21

1H'20

chg, %

1H'21 / 1H'19

Center of Russia

13,251

16,386

-19.1%

21,161

28,759

-26.4%

9.3%

South of Russia and North Caucasus

2,540

2,013

26.2%

3,726

3,282

13.5%

12.4%

Siberia

9,079

7,541

20.4%

14,800

13,588

8.9%

38.8%

Total for the price zones

24,870

25,941

-4.1%

39,687

45,629

-13.0%

19.0%

Far East

4,160

3,567

16.6%

8,474

7,936

6.8%

28.8%

RAO ES East

6,214

6,627

-6.2%

15,579

15,414

1.1%

-0.4%

TOTAL

35,242

36,135

-2.5%

63,739

68,978

-7.6%

14.7%

incl. by HPPs, PSPPs[2]

29,503

30,006

-1.7%

49,453

54,774

-9.7%

19.4%

incl. by TPPs and other

5,628

6,019

-6.5%

14,065

13,978

0.6%

1.1%

Incl. by alt. renewables (geothermal, solar, wind)

111

110

1.3%

221

226

-2.2%

0.5%

Boguchanskaya HPP3

4,321

4,207

2.7%

9,409

8,843

6.4%

27.8%

 

The underlying factors of the production change in January-June 2021 were:

Heat output by thermal plants of RAO ES of the East Subgroup, '000 GCal

 

 

2Q'21

2Q'20

Chg.

1H'21

1H'20

Chg.

 

JSC DGK incl.

3,138

3,074

2.1%

10,064

11,294

-10.9%

 

   Primorye power system

704

706

-0.3%

1,610

2,382

-32.4%

 

   Khabarovsk power system

1,768

1,703

3.8%

5,802

6,502

-10.8%

 

   Amur power system

356

365

-2.6%

1,457

1,346

8.2%

 

   South Yakutsk power district

310

299

3.6%

1,195

1,063

12.4%

 

JSC RAO ES East (CHPP Vostochnaya)

133

166

-19.8%

499

519

-4.0%

 

PJSC Yakutskenergo

355

330

7.7%

1,521

1,398

8.8%

 

UES of East

3,626

3,570

1.6%

12,084

13,211

-8.5%

 

Yakutsk power system incl.

182

165

10.2%

788

680

15.8%

 

   JSC Sakhaenergo

10

12

-14.8%

38

40

-7.0%

 

   JSC Teploenergoservice

172

153

12.1%

750

640

17.3%

 

Kamchatka power system incl.

416

442

-5.9%

1,167

1,203

-3.0%

 

   PJSC Kamchatskenergo

401

434

-7.7%

1,120

1,165

-3.9%

 

   JSC KSEN

15

8

92.8%

47

38

22.6%

 

Magadan power system

267

249

7.3%

760

723

5.1%

 

Chukotka AO power system

84

91

-8.2%

232

251

-7.9%

 

Sakhalin power system

330

325

1.5%

888

895

-0.8%

 

Isolated power systems

1,278

1,272

0.5%

3,834

3,753

2.2%

 

TOTAL

4,904

4,842

1.3%

15,918

16,971

-6.2%

 

 

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

 

2Q'21

2Q'20

Chg.

1H'21

1H'20

Chg.

PJSC Krasnoyarskenergosbyt

2,554

2,365

8.0%

6,107

5,707

7.0%

JSC Chuvash retail company

747

692

8.0%

1,728

1,603

7.9%

PJSC Ryazan retail company

565

555

1.9%

1,248

1,203

3.8%

JSC ESC RusHydro

360

463

-22.3%

724

934

-22.4%

PJSC DEK

4,561

4,451

2.5%

11,452

11,026

3.9%

Total

8,788

8,525

3.1%

21,260

20,472

3.9%

Isolated energy systems (for reference)

1,975

1,924

2.7%

4,557

4,415

3.2%

Total by Group

10,763

10,449

3.0%

25,817

24,887

3.7%

 

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:

 

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

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