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.
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