Investor Presentaiton
En+
GROUP
BUSINESS REVIEW
Assets overview
En+ Group Annual Report 2021
STRATEGIC REPORT
CORPORATE GOVERNANCE
FINANCIAL STATEMENTS
Taishet aluminium smelter
was opened in December
2021 to produce aluminium
428.5 kt
per year
Projects
BEMO project
The Boguchany (BEMO) project involves
the construction of the 3,000 MW
Boguchany HPP (average annual
electricity output: 17.6 billion kWh) and the
Boguchany Aluminium Smelter capable
of producing 600 kt of metal per annum
in the Krasnoyarsk Territory in Siberia.
The construction of the Boguchany
Aluminium Smelter is divided into two
stages (each stage with capacity for
298 kt of aluminium per annum). The
first part of the first stage (149 kt of
aluminium per annum, 168 pots) was
launched in 2015, and the second part
of the first stage was launched in March
2019. In May 2019, the first stage of the
smelter reached its design capacity. In
2021, 292 kt of aluminium and alloys was
produced, which is 2 kt more than in 2020.
The second stage of the Boguchany
Aluminium Smelter is to be considered
with a strategic partner, RusHydro,
subject to the state of the market and
the availability of project financing.
Boguchany HPP is the fourth step in
the Angara Hydroelectric Power Chain,
the largest hydropower plant project
ever completed in Russia. Construction
of the power plant was suspended
in Soviet times due to the lack of
financing, but was resumed in May
2006 by RUSAL and RusHydro, after
they jointly agreed to complete it.
The project's 79-metre-high and
2,587-metre-long composite gravity,
rock-fill dam was completed at the end
of 2011, and nine 333 MW hydropower
units of the Boguchany HPP commenced
operation between 2012 and 2014. The
total installed capacity of all nine hydro
units in operation amounts to 2,997 MW.
The hydropower plant started the
commercial supply of electricity to
the wholesale electricity and capacity
market on 1 December 2012. In 2021,
the hydropower plant produced and
delivered 17.238 TWh to the wholesale
electricity and capacity market, which is
2.3%, or 0.4 TWh lower than in 2020.
Taishet
Construction of the Taishet aluminium
smelter in Taishet, in the Irkutsk Region
(Eastern Siberia), was started in 2006.
Due to unfavourable market conditions,
RUSAL decided to suspend the project
in 2009. After the economic recovery
and improvement in market conditions
in 2016, the Board of Directors of RUSAL
decided to resume the construction of
LC-1 (first series) of the Taishet smelter
and approved the start of preliminary
work. Actual construction of the Taishet
Aluminium Smelter resumed in 2017.
LC-1 (first series) has a design
production capacity of 352 pots,
or 428.5 ktpa. Electricity consumption
by LC-1 (first series) amounts to
6,370 million kWh. On 16 December
2021, the first electrolyzers were
put into trial operation.
ALUMINIUM SMELTERS
Bratsk aluminium smelter
Krasnoyarsk aluminium smelter
Sayanogorsk aluminium smelter
Novokuznetsk aluminium smelter
Khakas aluminium smelter
Irkutsk aluminium smelter
Taishet Aluminium Smelter¹
Kandalaksha aluminium smelter
Volgograd aluminium smelter
KUBAL
ALSCON²
Location
Installed
2020
capacity production
2021
production
Capacity
utilisation rate
Russia (Irkutsk Region).
Russia (Krasnoyarsk Territory)
Russia (Republic of Khakassia)
Russia (Kemerovo Region)
Russia (Republic of Khakassia)
Russia (Irkutsk Region)
Russia (Irkutsk Region)
Russia (Murmansk Region)
Russia (Volgograd Region)
Sweden
Nigeria
1,009 ktpa
1,019 ktpa
542 ktpa
215 ktpa
1,004 kt
1,020 kt
529 kt
1,009 kt
1,019 kt
100%
100%
536 kt
99%
215 kt
215 kt
100%
297 ktpa
308 kt
303 kt
102%
422 ktpa
428.5 ktpa
422 kt
424 kt
100%
0%
76 ktpa
70 kt
63 kt
69 ktpa
128 ktpa
70 kt
117 kt
70 kt
83%
102%
124 kt
97%
0%
Russia (Krasnoyarsk Territory)
298 ktpa
290 kt
292 kt
98%
Russia (Krasnoyarsk Territory)
Russia (Sverdlovsk Region)
Russia (Sverdlovsk Region)
Russia (Leningrad Region)
Guinea
Australia
Italy
Ireland
Nikolaev Alumina Refinery
BAUXITE MINES
Jamaica
Ukraine
1,069 ktpa
1,030 ktpa
900 ktpa
265 ktpa
650 ktpa
3,950 ktpa
1,085 ktpa
1,990 ktpa
1,210 ktpa
1,759 ktpa
900 kt
907 kt
85%
990 kt
977 kt
95%
916 kt
917 kt
102%
67 kt
253 kt
95%
439 kt
414 kt
64%
740 kt
742 kt
94%
0%
1,883 kt
523 kt
1,725 kt
1,878 kt
94%
448 kt
37%
1,769 kt
101%
Boguchany aluminium smelter³
ALUMINA REFINERIES
Achinsk Alumina Refinery
Bogoslovsk Alumina Refinery
Urals Alumina Refinery
PGLZ Alumina Refinery
Friguia Alumina Refinery
Queensland Alumina Ltd.4
Eurallumina
Aughinish Alumina Refinery
Windalco
Timan Bauxite
North Urals Bauxite Mine
Compagnie des Bauxites de Kindia
Friguia Bauxite and Alumina Complex Guinea
Bauxite Company of Guyana Inc. 5 Guyana
Russia (Republic of Komi)
Russia (Sverdlovsk Region)
Guinea
3,300 ktpa
3,000 ktpa
3,500 ktpa
2,100 ktpa
Windalco
Jamaica
Bauxite Company of Dian-Dian
Guinea
1,700 ktpa
4,000 ktpa
3,000 ktpa
3,310 kt
2,260 kt
2,941 kt
1,423 kt
81 kt
1,752 kt
3,071 kt
3,405 kt
103%
2,274 kt
2,652 kt
76%
76%
1,544 kt
74%
O kt
0%
1,863 kt
3,293 kt
47%
110%
36
1.
2
3.
4.
Pro-rata share of capacity and production attributable to RUSAL.
5.
Pre-operation verifications and testing began in December 2021.
Alscon aluminium production is mothballed.
A 50/50 joint venture of RUSAL and RusHydro. Capacity and production volumes of the
BEMO project are not included to the Company's consolidated operating data.
Mothballed in February 2020.
Taishet aluminium smelter
APPENDICES
37
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