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The proceeds from sales of the Moldavskaya GRES in the first quarter of 2021 in Russian rubles amounted to 2 billion 938 million ($ 40 million at the current exchange rate of the Central Bank of the Russian Federation), an increase of 18.8% compared to the same period in 2020.

The proceeds from sales of the Moldavskaya GRES in the first quarter of 2021 in Russian rubles amounted to 2 billion 938 million ($ 40 million at the current exchange rate of the Central Bank of the Russian Federation), an increase of 18.8% compared to the same period in 2020.

Such data are contained in the financial statements for the specified period of the Inter RAO group, which includes the Moldavskaya GRES located in the Transnistrian region (Dnestrovsk). In January-March last year, the proceeds from sales of MoldGRES amounted to 2 billion 474 million rubles. According to the reports of Inter RAO, EBITDA (earnings before interest taxes, depreciation and amortization) of Moldavskaya GRES increased by 12.6% - from 693 million rubles in January-March 2020 up to 780 million rubles ($ 10.6 million) for the same period in 2021. As previously reported, Moldavskaya GRES in the first quarter of 2021, compared to the same period in 2020, increased electricity production by 11.3% - up to 1 billion 121.2 kWh. This was due to an increase in electricity consumption by Transnistrian enterprises, in particular, the Moldavian Metallurgical Plant, as well as an increase in the volume of electricity supplies to the right bank of the Dniester, which in Tiraspol is regarded as “export to Moldova”. The revenue from sales of the Moldavskaya GRES in 2020 in Russian rubles amounted to 12 billion 548 million, an increase of 20.8% compared to 2019. And EBITDA increased over the year by about 5% - from 3 billion 316 million rubles in 2019 up to 3 billion 481 million rubles in 2020, Moldavskaya GRES is located in Transnistria on the western bank of the Cuciurgan estuary. The installed capacity of the power plant is 2520 MW. The first stage of the Moldavskaya GRES was put into operation in 1964. The power plant consists of 12 power units and operates on three types of fuel: coal, gas and fuel oil. Moldavskaya GRES is 100% owned by Inter RAO Group, a diversified energy holding operating in various segments of the power industry in Russia and abroad.// 01.06.2021 — InfoMarket

News on the subject

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