Moderate spring water inflow to reservoirs on the Volga river is expected in 2015
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces forecast of water inflow to reservoirs of the Volga-Kama cascade for spring 2015.
According to Russian Federal Hydrological and Meteorological Service (Roshydromet) water reserves in reservoirs the Volgo-Kama cascade as of March 30, 2015, are estimated at 99.3 km3or 32% lower than long-run average. Total water inflow to reservoirs of the cascade in April is expected to be 41-61 km3(as compared to the long-run average of 66.3 km3). In the 2nd quarter of 2015 total water inflow is estimated at 115-143 km3(as compared to the long-run average of 161 km3).
Water reserves in snow packs at the Upper Volga are 66% lower than normalIn the 2nd quarter of 2015 total water inflow to reservoirs located on the Volga river is expected to be 30% lower than the long-run average. Water inflow to reservoirs of hydropower plants located on the Kama river is expected to be close or slightly higher than the normal.
Due to low water year of 2014, water level in reservoirs of the Volgo-Kama cascade is almost 15% lower than long-run average. The main aim for hydropower plants during the spring flood period will be to fill in the reservoirs to maximum levels in order to meet the requirements of all consumers during the low water period of 2015-2016. The Uglichskaya hydropower plant has already halted production from April 2 to 5 to ensure safe navigation.
At the same time even given general forecast of flow shortages, certain probability of unfavorable hydrological phenomena does exist. Peak character of snow melting together with rains creates risk of flooding. That’s why preparation for high water season is a mandatory procedure, independent from actual hydrological situation or forecast. The Company implements measures aimed to provide for reliability and sustainability of its hydropower plants during the spring flood period.
All hydro units are operating in accordance with the established regimes*. The hydropower plants continue to operate in a drawdown mode in order to increase the capacity of their reservoirs to receive flood waters. Equipment maintenance timeline is adjusted to have maximum number of units in operation during the flood period.
* Regimes for filling and draining water reservoirs, managing floods by hydropower plants are determined by theFederal Agency of Water Resources (Rosvodresursy). These regimes account for recommendations by agencies, representing interests of various stakeholders, such as Ministry of Emergency Situations, Ministry of Agriculture, Federal Agency of Fisheries, Federal Shipping Agency, System operator of United Energy System, regional governments, etc.
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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