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Kommersant's information, could reach a record figure of 4.2bn kWh. However, the Chinese direction still does not allow the Russian Federation to replace the EU market lost due to hostilities: this year, the total export of electricity may decrease by a third compared to the previous one.
Chairman of the Board of Directors of Inter RAO Igor Sechin said at the end of November that against the backdrop of heat and energy shortages, the company, at the request of the PRC, in January-October increased supplies to China by 33%, to about 4bn kWh.
Inter RAO buys energy from power plants in the Far East (mainly from RusHydro), and then resells it to China, paying extra for transmission services. The profitability of supplies to China was estimated at 30%, but the regulator limits the company's profit at 5% per year, the rest of the revenue is distributed to market participants in the Far East. The technical capabilities of power transmission lines allow Russia to transmit to China up to 6-7bn kWh, according to Regina Lyanzberg from Kept. Delivery in the amount of 7bn kWh is possible only with an increase in the installed power capacity in the Far East, she notes.
The largest and most profitable direction for Inter RAO has historically been Finland, Latvia and Lithuania, where 60% of exports went. However, in May, deliveries there stopped due to problems with the calculations. Russia managed to sell to the EU, according to Kommersant's information, about 4-5bn kWh against the backdrop of high prices.
Kazakhstan is still the main buyer: deliveries there, according to Kommersant's information, may amount to about 5bn kWh. Inter RAO refuted Kommersant's data on the level of deliveries to Kazakhstan, refusing to give actual figures.
The remaining export destinations for Inter RAO are unlikely to be able to replace closed deliveries to the EU. So, in October, Andrey Logatkin, Director of the Department of International Cooperation at Rosseti, said that electricity exports from Russia by the end of 2022 could fall to 13.5bn kWh, which is 38% lower than last year's figures.
Among the new promising areas is Azerbaijan, Regina Lyanzberg believes. Long-term plans include the construction of a second 330 kV Derbent-Khachmaz line, as well as the parallel operation of the power systems of Russia, Azerbaijan and Iran, which can probably increase supplies to AzerbaiJanuary However, such plans are most likely to be implemented already beyond the horizon of 2023, Ms. Lanzberg suggests.
Russian nuclear state corporation Rosatom and about 20 countries are negotiating new projects, head of Rosatom Alexey Likhachev said in an
145 RUSSIA Country Report January 2023 www.intellinews.com