ESE ramps up clean energy production by 9% in 1H 2017

14 AUGUST 2017

Moscow/Irkutsk, August 14, 2017 – ESE, Russia’s largest private energy producer and part of En+ Group, announces its operational results for the six months ended 30 June 2017.


Production


ESE’s power plants produced 33.91 TWh of electric energy in H1 2017, a 5% increase year-on-year, ensuring a stable supply of power to customers in Siberia, the Ural region and European Russia. In Siberia, the key region of EuroSibEnergo's operations, the Company accounted for approximately one third of the electricity produced in H1 2017.

 Renewable energy production rose 9% year-on-year in H1 2017.

 ESE's hydro power plants (HPPs) located in Krasnoyarsk, Irkutsk, Bratsk, Ust-Ilimsk and Onda ramped up their aggregate output to 27.34 TWh in H1 2017. This was due to improved environmental conditions in the Lake Baikal basin following the abnormally low waters of 2015-2016, as well as the ongoing recovery of water inflows to the HPP reservoirs located on the Angara River.

 Water inflows to Lake Baikal remained below normal levels, causing the Federal Agency of Water Resources to set the dam water flow for the Irkutsk HPP close to the minimal level in H1 2017. This resulted in the HPPs in the Angara cascade producing around 15% less than mean annual level.

The Abakan Solar Power Plant generated 3.62 TWh in H1 2017, an increase of 10% year-on-year, thanks to improved weather conditions.

 

Electricity production from ESE's gas and coal-fired power plants fell 6% year-on-year to 6.56 TWh, in line with the Company's transition to renewables.

 

Thermal energy production decreased 2% to 27.35 bln Gcal in H1 2017, as a result of higher winter and spring temperatures.

 

The System Operator of the United Power System reported electricity consumption in the Siberian integrated energy system, the Company’s key region of operation, of 103.5TWh in H1 2017. This is close to the 2016 level.

 

Investment Projects

 

ESE continued to implement its comprehensive “New Energy” HPP upgrade scheme in H1 2017. Four upgraded hydro power generating units with new runners were installed at Bratsk and Ust-Ilimsk HPPs, which will enable the HPPs to raise renewable energy production using the same water volumes.

 

The Company, in partnership with Lomonosov Moscow State University, has launched a project to develop solar panels using perovskite, a substance with the ability to make traditional photovoltaic solar panels up to 30% more efficient. Moscow State University, financially supported by ESE, has opened a laboratory to conduct applied research into the perovskite solar panels, which is equipped to carry out a full cycle of manufacturing. A prototype solar cell will be tested at ESE’s solar power plant in Abakan.


Vyacheslav Solomin, CEO of ESE, commented: "ESE has delivered a strong operational performance in the first half of 2017. Our continued efforts to upgrade the Company’s portfolio of hydropower assets and proceed with the transition to a low carbon future have resulted in a 9% increase in renewable energy production. ESE remains at the forefront of renewable energy generation, helping to underpin an increase in electricity demand in Russia and beyond."

 

About the Company:

 

ESE (www.eurosib.ru/en/ ) is Russia's largest independent power company in terms of installed electricity capacity and one of Russia’s leading renewable energy producers. EuroSibEnergo operates power plants with a total installed capacity of 19.7GW, including over 15GW from large hydropower plants of the Angara-Yenisei cascade (Krasnoyarsk, Bratsk, Ust-Ilimsk, Irkutsk HPPs) and the Onda HPP in Karelia. EuroSibEnergo accounts for approximately 8% of Russian electricity consumption. In December 2015, EuroSibEnergo launched a solar power plant in Abakan, one of the largest in Siberia. The Company is part of En+ Group, a global vertically-integrated hydropower and aluminium producer.