The first phase of the Blagoveshenskaya TPP (2nd stage) is launched
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) together with RAO ES of the East have completed the first phase of construction of the 2nd stage of the Blagoveshenskaya TPP. The main technological equipment consisting of boiler unit, steam turbine and the generator have successfully passed complex testing of uninterrupted operations for 72-hours.
Sergei Tolstoguzov, General Director of RAO ES of the East, said: “We got renovated plant manned by trained professional staff in time, and the City of Blagoveshensk now is receiving electricity and heat from the new unit. Serious limitations for customers, that existed before the launch- will be gone”.
The new equipment increased the installed electric capacity of the plant by 120 MW and heat capacity by 188 Gcal/h, overall generating capacity of the plant increased to 1005 Gcal/h. The plant received capacity reserve and the regional capital got rid of the factor, limiting its development.
The 2nd stage of the Blagovesheskaya TPP is one of four priority investment projects in the Far East of Russia implemented by RusHydro together with its subsidiary, RAO ES of the East, in accordance with the President’s decree. The project budget is RUB 8.2 bn.
Commissioning of the 2nd stage of Blagovesheskaya TPP will enable large scale residential and commercial construction projects.
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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