Page 167 - RusRPTJul24

electricity in Russia) Alexandra Panina said on the sidelines of the St. Petersburg International Economic Forum (SPIEF). At the same time, exports to China may decrease to 1bn kWh. "In a realistic scenario, [electricity supplies to China will reach] around 1bn kWh. The total volume of supplies last year was 10.3bn kWh and there will be a decrease to about 8bn kWh excluding China [this year]," she said.
May 30) Inter RAO published IFRS results for 1Q24. Total revenue increased by 10% YoY to RUB 392 billion, and EBITDA decreased by 8.8% YoY to RUB 48.98 billion.
Revenue from sales in the Russian Federation increased by 6.7% YoY to RUB 262 billion. against the backdrop of an increase in sales volumes by 6.3% YoY to 61.77 billion kWh. The segment's EBITDA decreased by 7.4% YoY to RUB 13.63 billion, mainly as a result of tariff and balance decisions.
Revenue from the electricity generation segment in the Russian Federation decreased by 1.2% YoY to RUB 58.5 billion, and EBITDA decreased by 24.1% YoY to RUB 18.47 billion, which was mainly due to the expiration of power supply agreements. provision of capacity (capacity supply agreement) to Yuzhnouralskaya GRES, Cherepetskaya GRES and Dzhubginskaya TPP, modernization and repair of a number of power units at power plants, as well as rising fuel prices. Increased output and prices partially offset the decline in revenue.
Revenue from the heat generation segment in the Russian Federation increased by 7.5% year-on-year to RUB 43.56 billion, which was mainly due to an increase in productive output and prices, as well as the commencement of the COMMOD agreement for block No. 3 of Karmanovskaya GRES. EBITDA decreased by 1.5% YoY to RUB 12.16 billion, which was mainly due to rising fuel prices and the removal of some units for modernization and repair.
The engineering and power engineering segments demonstrated the greatest positive dynamics. The total revenue of the segments increased 2.3 times YoY to RUB 26.15 billion, and EBITDA increased 5.3 times to RUB 4.38 billion.
The company's interest income increased 2.4 times YoY to RUB 20 billion. (about half of operating profit), which allowed to increase net profit by 17.6% YoY to RUB 47.95 billion. The estimated dividend for 1Q24 is RUB 0.115. per share (25% of net profit under IFRS).
9.2.11 Mines and Minerals - gold & diamonds
167 RUSSIA Country Report July 2024 www.intellinews.com