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RusHydro selected Power Machines as the general contractor for expansion of Blagoveschenskaya TPP

JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that JSC Power Machines, one of the leading power plant engineering companies in Russia, has won a tender for the expansion of the coal-fired Blagoveschenskaya thermal power plant (TPP) in the Far East.

The whole package of the plant’s design documentation has been approved by the Federal main directorate for government expert evaluation (Glavgosexpertisa). Independent technological assessment and price audit of the project has been conducted by Ernst and Young – valuation and advisory services.

The second stage of the Blagoveschenskaya TPP is one of the four projects on construction of new generating facilities in the Far East of Russia, included in the Investment program of RusHydro, implemented together with RAO ES of East in accordance with the President’s decree. After commissioning of the second stage of the Blagoveschenskaya TPP the plant’s installed capacity will increase by 120 MW to 400 MW, heat capacity – by 188 GCal/h to 1005 GCal/h. The construction is planned to be completed in 2015.

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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