In 2015 RusHydro’s installed capacity increased by 29 MW as a result of modernization program
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that as a result of comprehensive modernization program total installed capacity of the Company increased by 29 MW reaching 38.6 GW as of December 1, 2015 (including Gotsatlinskaya HPP launched in October 2015).
Installed capacity of the Volzhskaya HPP increased by 10.5 MW as a result of installation of a new turbine and generator. Installed capacity of the Zhigulevskaya HPP also increased by 10.5 MW after replacement of old turbine at hydro unit No. 12.
In 2015, all hydropower equipment of the Kamskaya HPP has been modernized. Modernization of 23 units of the plant increased the installed capacity of each unit by 3 MW.
Installed capacity of the Novosibirskaya HPP increased by 5 MW as a result of replacement of old turbine at hydro unit No. 6.
New turbines and generators are more efficient, they have longer service life and are cheaper to maintain.
RusHydro's comprehensive modernization program will be completed in 2025 resulting in replacement of all units with expired service life.
Comprehensive modernization program of RusHydro's generation fleet for 2012-2025 provides for replacement of 55% of turbines, 42% of generators, 61% of transformers. This modernization will result in significant reliability, efficiency and security improvement of RusHydro generating facilities, increase in installed capacity of 779 MW as compared to the beginning of 2011. Expected growth of electricity generation will amount to 1375.6 GW.
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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