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
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.
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.
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).
The Boguchansk aluminium plant, a joint asset of Rusal and RusHydro, might double its capacities up to 300 thousand tons a year by 2018.
S&P has increased the long-term rating of RusHydro from BB to BB+, forecast stable, the agency reports.
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%.
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.
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.
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.