RusHydro and SIBUR sign an agreement for supply of electricity from Nizhne-Bureyskaya hydropower plant to Amur Gas Chemical Complex
September 2, 2021, Vladivostok, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) and Sibur Holding have signed a power purchase agreement for supply of clean electricity produced by Nizhne-Bureyskaya HPP to Amur Gas Chemical Complex, currently under construction.
Amur Gas Chemical Complex is the largest facility in Russia for production of polyethylene and polypropylene currently under construction by SIBUR and Sinopec. Its annual output stands at 2.3 mn tons of polyethylene and 400 thousand tons of polypropylene.
The agreement guarantees electricity supply to the new consumer in the Far East Federal District for 20 years and is mutually beneficial to both parties as RusHydro now has additional stable demand for electricity while SIBUR does not have to worry about construction of its own power generation facility.
In 2017, RusHydro and SIBUR Holding have reached an agreement for stable supply of electricity to Amur Gas Chemical Complex.