19 Apr 2019 15:36

Inter RAO expecting growth in financial indicators in 2019

MOSCOW. April 19 (Interfax) - Inter RAO is expecting growth in its financial indicators in 2019,Inter RAO chief Boris Kovalchuk told reporters.

Electricity generation will remain at approximate the same level as in 2018, he said.

"We've already used up the main growth drivers in the form of CSA [capacity supply agreement] payments as the program has been completed. We're counting on CSA-2 [thermal power plants modernization] but we'll only feel the effect of that in a few years," he said.

"Around 30 billion rubles. There's been a major capex reduction," he said, when asked how much the company planned to spend on the first TPP modernization projects.