JSC EASTERN ENERGY COMPANY ANNOUNCED RESULTS OF THE FIRST HALF OF 2016
In the first six months of 2016 JSC Eastern Energy Company exported over 1.34 billion kW/h of electric power to China and Mongolia.
In 1H 2016, JSC EEC exported over 1,210 million kWh of electricity to China and 133 million kWh to Mongolia. The electricity exports to China fell 17.7 percent year-on-year. However, in 2Q16, JSC EEC’s exports to China rose significantly quarter-on-quarter. The electricity exports to Mongolia were almost flat in 1H 2016, falling 1.5 percent year-on-year. The lower electricity exports to China were due to an overall decrease in the electricity consumption in the country. A relative decrease in the electricity exports to Mongolia were due to a fall in the industrial production in Mongolia, as well as the launch of the new power unit at Ulan-Bator TPP-4.
Technology-wise, electricity export to China is enabled by a complex of interstate 110, 220 and 500 kV power transmission lines, which link the power systems of the Russian Far East and the Northeastern Provinces of China.
Export is ensured by means of procurement of excessive volumes of electric energy in the territory of the Far East, driving an increase in the capacity factor and the growth of additional revenue across regional generating enterprises and wholesale infrastructure organizations.
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JSC Eastern Energy Company is the only Russian operator on the power export project to the People's Republic of China and Mongolia. All shares of JSC Eastern Energy Company belong to JSC INTER RAO UES.
Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business. The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and Russia's leading electric utility by energy efficiency. Inter RAO Group owns and operates 32.5 GW of installed power generation capacity. www.interrao.ru