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Boguchanskaya hydropower plant launches seventh hydropower unit

JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the seventh hydropower unit was commissioned and put into commercial operation at the Boguchanskaya hydropower plant (a 50/50 JV of RusHydro and UC RUSAL).

Total installed capacity of all units in operation by end of December is 1,998 MW, actual capacity accounting for lower reservoir level is 1,362 MW. Installation of the last ninth unit of the plant is currently underway.

The first three 333 MW hydropower units of the Boguchanskaya HPP were put into operation on November 26, 2012, the fourth hydropower unit was launched on January 21, 2013, unit №5 – on November 5, 2013 and unit 6 on December 6, 2013. The plant has started commercial supplies to the wholesale electricity and capacity market from December 1, 2012. Average daily output in December amounted to 20.53 GWh. Since its launch in December 2012 by December 12, 2013 Boguchanskaya HPP has supplied 5,000GWh to the wholesale electricity and capacity market, including 4,367GWh for 11 months of 2013 and 616 GWh in November 2013.

Construction of the Boguchanskaya HPP was resumed in May 2006 after RusHydro and UC RUSAL had signed an agreement on the joint development of the Boguchanskoye Energy and Metals Complex (BEMO) comprising the Boguchanskaya HPP with average multi-year generation is 17,6 GWh and aluminum smelter producing 600 tons of metals per annum.

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.
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