January 20, 2022, Moscow,
Russia. PJSC
RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces
that the Company's Board of Directors held a meeting in on January
20, 2022.
***
The Board of Directors took into consideration
management’s report on RusHydro’s potential areas of
technological development.
The Board of Directors took note that RusHydro’s
technological development complies with both, Russian Federation’s
Energy strategy and leading international trends of the power
industry such as digitalization, decarbonization, efficiency
improvement and reliability of electricity supply.
The Company is in the process of launching new EV
charging stations in the Far East bringing the total number to over
50 in the region. Simultaneously RusHydro is implementing a large
scale project Silk Way, in the scope of which EV charging stations
will link Russia’s capital with Vladivostok. The federal highway
will feature 80 charging stations situated only 150 km apart from
each other spanning across 18 regions of the Russian Federation.
RusHydro will be actively engaged in technological
consortiums aimed at development of hydrogen power. The Company has
signed a cooperation agreement with H2 Chistaya Energetika for
development joint projects in the field of hydrogen energy. RusHydro
is currently constructing a scientific research center on the Russkiy
Island in Vladivostok focused on latest innovative solutions in the
field of renewable energy sources.
The Group continues analyzing new technological
developments and solutions implemented by leading international power
and production companies. Once complete, the Company will update its
Innovative Development Program.
***
The Board of Directors reviewed the Program of
power industry’s development of the Far Eastern Federal District
for 2021-2031. The document outlines the basis of power and grid
system development in the region. In accordance with it, by 2031 up
to 2.5 GW of installed electric capacity, 8,063 110kV power lines
will go online. Modernization with contribute an additional increase
of installed capacity by 97 MW.
The Group’s investment program in the Far East
includes commencement of construction of Ust-Srednekanskaya HPP
construction of Khabarovskaya CHPP-4, Artemovskaya CHPP-2, 2nd
phase of Yakutskaya GRES-2, modernization of Vladivostokskaya CHPP-2,
expansion of Neryungrinskaya GRES and Partizanskaya GRES, the program
on development of the power and grid complexes of the Sakhalin region
(POUREK) and modernization of power and grid complexes of the
Primorye region (MIREK). The Company is also considering construction
of anti-flooding hydropower plants on the Amur river basin.
***
The Board of Directors took into consideration the
information on RusHydro Group’s execution of energy service
contracts.
RusHydro plans to commission independent power
complexes with renewable energy sources in 72 residential areas in
Yakutia and 7 in Kamchatka. Total installed capacity of new diesel
power plants and renewable energy power plants will surpass 90 MW and
30 MW accordingly. Commissioning of the facilities will take place
during 2021 and 2024.
In September of 2021, RusHydro has commissioned
the first energy renewable energy power complex with installed
capacity of 1,125 kW in Ulakhan-Kuel, Yakutia under the energy
service agreement. The new power complex will provide reliable
electricity supply to the remote village in Yakutia. It consists of
automated system encompassing a modern 600 kW diesel power plant, 400
kW solar power plant and 125 kW energy storage unit. Utilization of
renewable energy source together with modern other types of modern
power generation will allow to reduce diesel consumption by as much
as 45%.
By the end of 2021, another renewable energy
facility with installed capacity of 3,742 kW including 1,000 kW of
solar capacity was constructed in Verkhoyansk (Yakutia). It is
currently undergoing testing phase with approximate commissioning
date sometime in April 2022.
Energy service contracts provide for
commissioning of autonomous power complexes including high efficient
diesel power plants, renewable energy sources (solar or wind power
plants) as well as energy storage system by attracting private
investment. Such power complexes reduce environmental footprint and
allow savings up to 30% on expensive diesel fuel.
***
The Board of Directors took into consideration the
information on the execution status of priority projects in the Far
East.
The Group is carrying out construction of the
first phase of 110 kV Pevek-Bilibino power lines in extreme Arctic
conditions twenty-four seven. Currently 31% of power transmission
poles have been erected and 113 out of 490 km of power lines have
been mounted. Preparation works for reconstruction of 110/35/6
Komsomolsky substation and construction of new 110/6 kV Bilibino
distribution center are under way.
The new overhead lines will provide reliable power
transmission between Pevek, where earlier this year the floating
nuclear power plant Akademik Lomonosov has been commissioned, and
Bilibinskaya nuclear power plant. The necessity to implement the
project is driven high wear and tear of the existing power lines and
decommissioning of Bilibinskaya nuclear power plant. In addition, a
number of mining projects requiring reliable electricity supply are
currently under way in Chaun-Bilibino power complex.
Construction of 570 MW Ust-Srednekanskaya HPP is
under way. Its installed capacity reached 427.5 MW following
replacement of temporary rollers of hydropower unit 1 and 2 with
permanent ones.
The Group is also engaged in the four projects
under the governmental program on modernization of thermal power of
the Russian Federation with guaranteed return on investment –
construction of Khabarovskaya CHPP-4, Artemovskaya CHPP-2, second
phase of Yakutskaya GRES-2 and modernization of Vladivostokskaya
CHPP-2. The technical documentation and engineering studies for
Khabarovskaya CHPP-4 has been approved by the Russian Federation’s
State Expert Evaluation Department. Documentation for modernization
of Vladivostokskaya CHPP-2 has been submitted. Approval of
documentation for the second phase of Yakutskaya GRES-2 is expected
in the second half of 2022, while submission of documentation for
approval of construction of Artemovskaya CHPP-2 is expected in 1Q
2022. Project documentation for expansion of Partizanskaya GRES and
construction of the 2nd phase of Neryungrinskaya GRES is
under preparation.
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