En+ power division's investment program won't exceed 12 bln rubles a year in 2017-2021
MOSCOW. Dec 4 (Interfax) - The investment program of the power division of Oleg Deripaska's En+ Group will not exceed 12 billion rubles a year in 2017-2021, according to a company presentation on the results for 9M 2017.
Capital expenditure in 9M 2017 totaled 6 billion rubles compared with 6.1 billion rubles in the same period last year.
En+ continues investing in the modernization of equipment, notably replacement of hydropower units and rotors at hydropower plants, and the grid complex.
Work to replace two rotors at the Krasnoyarsk Hydroelectric Station continues and plans are to replace three hydropower units at the Irkutsk station, as well as three rotors, with a total budget of 2.6 billion rubles. The company continues replacement of rotors at the Ust-Ilimsk Hydroelectric Station.
En+ manages generating assets with 19.7 gigawatts of design capacity, including 15.1 GW at hydropower plants, as well as 17,000 Gcal/hr of installed heat capacity.