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RusHydro commissions third hydropower unit at Ust-Srednekanskaya HPP

March 5, 2019. Moscow, Russia. PJSC RusHydro (MOEX, LSE: HYDR; OTCQX: RSHYY) announces commissioning of the third hydropower unit at Ust-Srednekanskaya HPP, the country’s largest hydropower plant currently under construction located on the Kolyma River in the Magadan region of the Far Eastern Federal District. The facility’s installed capacity increased almost two fold – from 168 MW to 310.5 MW. Nikolay Shulginov, Chairman of the Management Board – General Director of RusHydro and Sergey Nosov, governor of Magadan took part in the opening ceremony.

Nikolay Shulginov commented: “Construction of Ust-Srednekanskaya HPP plays an important role for the Far East and is aimed at achieving one of the strategic goals outlined by the President of Russian Federation in his May decrees of providing consistent power supply to consumers in the Far East, which is also RusHydro’s priority task.” Additional electricity output of the HPP will enable operation of new production facilities in Magadan region.

Sergey Nosov mentioned that there is an unprecedented electricity demand in the region. In 2018 alone, electricity consumption in Magadan region increased by 13%. “Outpacing development of hydropower industry will ensure reliability of electricity supply in the isolated energy system of Magadan region. Among electricity production, the facility will provide navigation on the Kolyma River and lift operation restrictions of Kolymskaya HPP located higher up the river”, added Nosov.

Ust-Srednekanskaya HPP is located 217 kilometers downstream from the operating Kolymskaya HPP and is the second stage of the cascade. This unique hydropower facility is built in extreme natural conditions:  permafrost in the region is 300 meters thick and outside winter temperatures goes down to 60 degrees centigrade below zero. 

Lengidropoject developed the design of the power plant back in the 80ies.  The site preparation began in 1991, but the work progressed very slowly due to insufficient financing. De-facto construction resumed only in 2008 when RusHydro took over the project.

The dam across Kolyma River was completed in 2011. The first phase of the plant was commissioned in 2013 including two hydropower units equipped with two temporary 84 MW runners, operating with a 32.5 meters high earth-filled dam. The second phase includes the third hydropower unit with the regular 142.5 MW runner designed for 48.5 meters dam.

The third phase of the project includes growth of the dam to 66 meters, replacement of temporary runners with regular more powerful ones and commissioning of the third hydropower unit. Completion of the third phase would allow the plant to reach project capacity of 570 MW and long-run annual output of 2.55 bn kWh.  Overall length of the earth-filled dam and two concrete dams upon completion will reach 2 kilometers 490 meters. Commissioning of the fourth hydropower unit is scheduled for 2022.

All main equipment of the plant, such as turbines, generators and power transformers is manufactured in Russia.

The plant is being built by RusHydro’s controlled company - JSC Ust-SrednekanHESstroi.

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 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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