RusHydro plans to link Central Yakutia with the United Energy System of Far East
May 23, 2018. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces plans to integrate currently isolated Energy system of Central Yakutia with the South-Yakutia energy system, part of the United energy system of Far East. The integration will take place following construction of a link connecting PJSC Yakustkenergo (RusHydro Group subsidiary) facilities to the high-voltage network operated by Federal Grid via 220kV Maya substation.
Implementation of the project, conducted by PJSC Yakutsenergo will improve reliability of energy supply to consumers in the Central Yakutia. The link will enable access to generating capacity of the United energy system of the Far East in the event of supply shortage in Yakutsk, the most densely populated city of Yakutia. In addition, the Central Yakutia region will get access to the wholesale capacity market. Completion of project’s main construction works is scheduled for the 4th quarter of 2018.
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.
Shares / ADR