Energy

In Q1, RAO ES of the East made a net loss under RAS of 893 mln rubles

In the first quarter of 2017, RAO ES of the East, the structure of the energy company RusHydro, made the net loss in the amount of 893 million rubles, as it follows from the company’s account

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Rosseti made 24.5 bln roubles of loss under RAS in Q1 2017

Rosseti made 24.5 bln roubles of net loss under RAS in Q1 2017 against the profit in Q1 2016, is said in the company’s report under RAS.

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In Q1, Inter RAO UES reduced its net profit under RAS 61 times

In the first quarter of 2017, Inter RAO UES reduced its net profit under RAS 61 times to 15.5 million rubles. This follows from the company's financial statements.

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Inter RAO increased electric energy generation by 3.7% in Q1

In Q1 2017 Inter RAO increased electric energy generation by 3.7% to 35.54 bln kWh compared with Q1 2016 (against 34.256 bln kWh in 2016).

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First stage of Boguchansk aluminium plant to be constructed in a year

The Boguchansk aluminium plant, a joint asset of Rusal and RusHydro, might double its capacities up to 300 thousand tons a year by 2018.

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S&P has increased RusHydro’s rating from BB to BB+, forecast stable

S&P has increased the long-term rating of RusHydro from BB to BB+, forecast stable, the agency reports.

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RusHydro forecasts electric energy generation at the level of 2016 in 2017

RusHydro forecasts electric energy generation at the level of 2016 in 2017 but admits that the result may fall by 3% and grow by 1%.

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In Q1, RAO ES of the East reduced generation of electricity by 9.2%

In the first quarter, stations of the holding company RAO ES of the East reduced the production of electricity by 9.2% to 9.291 billion kWh, RusHydro reports.

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Russia and Japan may start cooperation in the field of energy and oil processing

The Russian Minister of Energy Alexander Novak has discussed with Japanese companies the possible cooperation in the field of oil refining projects, electric power and power equipment.

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RusHydro recommends to pay dividends at 50% of profit under IAS

The management of RusHydro has recommended the Board of Directors to pay dividends at the rate of 50% of its net profit under IAS or 4.66 roubles/share.

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