Page 122 - RusRPTFeb22

tariffs for the population, which are four times lower than commercial rates. The owners of the underground crypto farms are also increasing the load on the grid in residential areas leading to breakdowns and outages.
Russian data center major IXcellerate attracts $190 million from Mubadala, RDIF and Sber. IXcellerate, one of the most established data center company in Russia, has raised approximately some $190 million. The round — the largest ever in this field in the country— was led by sovereign wealth fund Mubadala (UAE) with participation from its Russian peer RDIF, SberInvest, and iXcellerate’s existing investors. Cited by Sber, the state-owned financial and digital giant that owns SberInvest, IXcellerate says it will use the proceeds to expand its Moscow North and South campuses. The company aims to “build new capacities, improvepower efficiency and run one of the largest data campuses in Europe.”“IXcellerate has a successful record as a reliable supplier of high-quality data center services in Russia. The company is well-positioned to continue growing and reinforcing its position as a leading colocation operator, directly enhancing Russia’s digital infrastructure,” believes Abdulla Naser Almarzooqi, deputy head of Mubadala’s Russia and CIS Investment Program. IXcellerate’s previous investors include IFC (World Bank Group) ($2.6 million in 2012), Goldman Sachs ($15 million in 2017) and French Partners (2020). According to iKS Consulting, five operators account for some 57% of the Russian data center market. The market leader is Rostelecom, followed by DataPro and IXcellerate as well as Selectel and MTS.
9.2.10 Utilities & Renewables corporate news
TGK1 reported that on 31 December 2021, the Board of Directors took a decision to recognise activities in sustainable development as a top priority for the company. By 30 April, TGK1 is to develop, and prepare for the Board to discuss, a plan of activities and the company's sustainability policy. This is required in order to work out and set the targets in sustainable development and integrate ESG standards into the company’s corporate governance.
TGK1 reported its FY21 operating results. Total electricity generation increased 8% YoY to 30,137mn kWh, with thermal generation up 16% YoY vs. almost flat HPP production, just a 0.9% YoY reduction from the record 2020. The production growth was driven by increased demand, the weather conditions and water inflows. Total heat sendout increased 13.4% YoY to 26,145th GCal.
TGK1 announced that it had signed a contract with Teplocom (an engineering company). Teplocom has thus fully moved to consuming green energy only. The green energy source was confirmed by I-REC certificates. TGK1 conducted full transaction support. TGK1 has been actively
122 RUSSIA Country Report February 2022 www.intellinews.com