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
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 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.
RusHydro reduced electric energy generation by 5.4% in Q1 to 29 bln kWh, the company reports.
RusHydro plans to reduce the amount of its investment program in 2017 by 19% to 46.913 billion rubles including VAT.
RusHydro plans to cut its investment program by 19% in 2017 – to 46.913 bln roubles taking into account VAT, the Ministry of Energy of Russia reports.
According to the Kommersant, RusHydro explores options for entering the project of UC Rusal for the completion of the Taishet aluminum plant construction.