RusHydro launches 100 MW Gotsatlinskaya HPP in Dagestan
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) informs that Gotsatlinskaya HPP on the Avarskoye Koisu river in Dagestan has been commissioned. Starting from October 1, 2015, the plant will be allowed to sell electricity and capacity on the wholesale market.
The project is implemented under the DPM arrangement (capacity delivery agreement). The installed capacity of the plant is 100 MW, expected long-run average output is 350 GWh. The Gotsatlinskaya HPP is the fourth largest plant in Dagestan in terms of capacity. Launch of the plant will reduce power shortage in the regional energy system amounted to 1.8 TWh in 2014.
Construction of the Gotsatlinskaya HPP began in January 2007. Facilities of the plant include 69 meter rockfill dam, 491 meter operational spillway tunnel, water intake, water conduit, 453 meter construction tunnel, turbine building housing, two 50 MW turbo-units and bypass canal.
JSC Sulak Hydrocascade (wholly-owned by RusHydro) is a developer of the plant. The completion of construction is scheduled for 2016, after that the plant will be the 16th HPP operated by the Dagestan branch of RusHydro.
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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