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SEVAN-HRAZDAN CASCADE REDUCES ELECTRICITY OUTPUT 19% IN H1
Interfax, Russia
July 22 2013
YEREVAN. July 22
Sevan-Hrazdan Cascade, an Armenian hydropower company owned by
Russia's RusHydro (RTS: HYDR), reduced electricity production by
19% year-on-year to 273.203 million kWh, the International Energy
Corporation (IEC), which operates the cascade, reported on its website.
Power generation peaked in April at 81.6 million kWh.
The company told Interfax that the drop in output was due to the
inflow of the Hrazdan River and release of water from Sevan Lake,
which feed the cascade of hydropower plants. The plants operated
normally and did not stop generating electricity.
The cascade has installed capacity of 561 MW, and production and
technological potential of 500 million kWh per year, which amounts
to about 10% of domestic consumption.
RusHydro subsidiary Hydroinvest acquired 90% of IEC, whose core
asset is the Sevan-Hrazdan Cascade, in March 2011. RusHydro deputy
CEO Mikhail Mantrov owns the other 10% of IEC.
Vp ak
Interfax, Russia
July 22 2013
YEREVAN. July 22
Sevan-Hrazdan Cascade, an Armenian hydropower company owned by
Russia's RusHydro (RTS: HYDR), reduced electricity production by
19% year-on-year to 273.203 million kWh, the International Energy
Corporation (IEC), which operates the cascade, reported on its website.
Power generation peaked in April at 81.6 million kWh.
The company told Interfax that the drop in output was due to the
inflow of the Hrazdan River and release of water from Sevan Lake,
which feed the cascade of hydropower plants. The plants operated
normally and did not stop generating electricity.
The cascade has installed capacity of 561 MW, and production and
technological potential of 500 million kWh per year, which amounts
to about 10% of domestic consumption.
RusHydro subsidiary Hydroinvest acquired 90% of IEC, whose core
asset is the Sevan-Hrazdan Cascade, in March 2011. RusHydro deputy
CEO Mikhail Mantrov owns the other 10% of IEC.
Vp ak