Hydropower unit No.19 was launched after modernization at the Zhigulevskaya hydropower plant
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that hydropower unit No.19 was put into operation after modernization at the Company’s Zhigulevskaya hydropower plant. Modernization of hydropower units provides for increase of the actual capacity of each unit of the plant from 115 MW to 125.5 MW.
The unit is the third one that was modernized and launched as part of comprehensive modernization program of RusHydro. After completion of modernization total installed capacity of the Zhigulevskaya HPP will increase by 147 MW to 2,488 MW.
Comprehensive modernization program of RusHydro's generation fleet for 2012-2025 provides for replacement of 55% of turbines, 42% of generators, 61% of transformers. This modernization will result in significant reliability, efficiency and security improvement of RusHydro generating facilities, increase in installed capacity of 779 MW as compared to the beginning of 2011. Expected growth of electricity generation will amount to 1375.6 GW.
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.