Investor Presentaiton
En+
GROUP
BUSINESS REVIEW
En+ Group Annual Report 2021
STRATEGIC REPORT
CORPORATE GOVERNANCE
The Group will improve the
reliability and safety of
33.7%
of total CHP capacity
CHP modernisation programme
The Group participated in the state
programmes for CHP modernisation,
providing us with a guaranteed return
on investment. The Capacity Allocation
Contracts (CAC) will be signed between
buyers, market regulator (ATS) and
generating companies in the wholesale
market, setting the key criteria for
modernisation, parameters of capacity
supply after the modernisation
and return on investment.
Through this programme the Group
will improve the reliability and safety
of 1,445 MW of its CHP capacity (33.7%
of total CHP capacity). Total expected
CAPEX for CHPS is USD 266 million¹
(RUB 19.7 billion) in 2020-2026. The
current approved generating facilities
should be completed and launched
by 2026, with the project's internal
rate of return at around 14%.
In 2021, the Company delivered
equipment and started construction
and installation work under the CAC
projects at CHP-6 in Bratsk and, at
Novo-Irkutsk CHP, equipment was
supplied to replace three turbo generators
for CHP-10. In 2022, the Company is
planning to complete the replacement
of the main equipment at CHP-6 in
Bratsk and at the Novo-Irkutsk CHP.
Small HPP project
As part of the state programme backed
by the CAC mechanism for renewable
projects, En+ Group is implementing the
small-scale Segozerskaya HPP (8.1 MW) in
Karelia (Russia). Total expected CAPEX for
small HPP construction is approximately
USD 22 million (RUB 1.6 billion).
In 2021, the Group completed preparatory
work at the construction site and
began construction and installation
work on the Segozerskaya HPP, and
in 2022, the Company is planning to
complete construction work, supply
and installation of three turbine units.
En+ Group has formed a portfolio of
projects with a total installed capacity
of about 200 MW. Depending on the
results of the project feasibility studies,
a decision will be made on when
these projects will be implemented.
Assets overview
HYDROPOWER PLANTS
Irkutsk HPP
Bratsk HPP
°
°
Location
Russia (Irkutsk Region)
Installed
capacity
2020
production
2021
production
Russia (Irkutsk Region)
Russia (Irkutsk Region)
687.1 MW
4,500 MW
Ust-Ilimsk HPP
Russia (Irkutsk Region)
3,840 MW
Krasnoyarsk HPP
Russia (Krasnoyarsk Territory)
6,000 MW
4.1 TWh
22.4 TWh
20.8 TWh
22.0 TWh
4.8 TWh
28.5 TWh
19.6 TWh
24.7 TWh
COMBINED HEAT AND POWER PLANTS
CHP-10
Russia (Irkutsk Region)
Electricity
•
Heat
1,110 MW
563 Gcal/h
3.1 TWh
0.4 mn Gcal
3.0 TWh
0.3 mn Gcal
CHP-9
Electricity
540.0 MW
•
Heat
2 401.8 Gcal/h
1.9 TWh
6.0 mn Gcal
1.8 TWh
6.2 mn Gcal
Novo-Irkutsk CHP
Russia (Irkutsk Region)
•
Electricity
Heat
726 MW
2,075.8 Gcal/h
2.7 TWh
5.5 mn Gcal
2.7 TWh
5.8 mn Gcal
Ust-Ilimsk CHP
Russia (Irkutsk Region)
Electricity
.
Heat
515 MW
1,015.0 Gcal/h
0.7 TWh
1.6 mn Gcal
0.8 TWh
1.8 mn Gcal
CHP-11
Russia (Irkutsk Region)
Electricity
°
Heat
0.5 TWh
1.0 mn Gcal
•
•
320.3 MW
1,056.9 Gcal/h
0.7 TWh
0.9 mn Gcal
Russia (Irkutsk Region)
44
Segozerskaya HPP project
CHP-6
•
Electricity
. Heat
282 MW
2,071.2 Gcal/h
0.7 TWh
3.6 mn Gcal
•
Novo-Ziminskaya CHP
Electricity
Russia (Irkutsk Region)
•
Heat
260 MW
818.7 Gcal/h
1.1 TWh
1.5 mn Gcal
Avtozavodskaya CHP
Electricity
Russia (Nizhny Novgorod Region)
Heat
SOLAR POWER PLANT
Abakan solar power plant
OTHER ASSETS
Russia (Republic of Khakassia)
.
Electricity
•
Heat
1.
Calculated based on USD/RUB exchange rate of 74.29 as at 31 December 2021.
0.7 TWh
3.7 mn Gcal
1.1 TWh
1.6 mn Gcal
480 MW
2,172.0 Gcal/h
1.7 TWh
3.3 mn Gcal
1.8 TWh
3.7 mn Gcal
FINANCIAL STATEMENTS
5.2 MW
5.5 mn kWh
6.1 mn kWh
142.4 MW
2,802.9 Gcal/h
Other assets include Onda HPP and small scale generators and heat producers.
0.8 TWh
4.2 mn Gcal
0.7 TWh
4.5 mn Gcal
APPENDICES
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