“Inter RAO Group is the largest Russian electric power generator in terms of capitalization. Its value exceeds RUR 600 bln ($8.1 bln). The company’s 2014 capitalization was only RUR 74 bln ($2.5 bln),” Boris Kovalchuk, CEO of Inter RAO energy holding, said at a meeting with Vladimir Putin, presidential web page reports.
“We operate in 15 countries. The company is represented in over 30 Russian regions. Its rated capacity is 32K megawatt, it generates 133 bln kilowatt/hours of electric power and sells about 200 bln kilowatt/hours on the retail market. This year, the company posted the best export result since 2011, over 19 bln kilowatt/hours.”
In Russia, Inter RAO “is rated fourth in terms of electric and thermal power generation volumes, third in terms of rated capacity and first in terms of retail business. It is also the only export-import operator. The Group ranks among Russia’s 15 largest holding companies and its revenue increased from RUR 68 bln in 2009 ($2.1 bln) to 1.03 tln ($15.4 bln) in 2019, which means a 15-fold surge [in local currency]. Labor productivity has grown four-fold over the past 10 years. The average salary is RUR 78.5K ($1.1K).”
According to Boris Kovalchuk, the company has “a full cycle of turnkey construction of any type of power facilities in Russia and abroad, working in Cuba and having worked in Venezuela, Ecuador and Bangladesh.”
“Electricity prices for households in Russia averaged $57 per megawatt-hour, compared to $353 in Germany, and $247 for the European Union in general,” Inter RAO CEO pointed out. “The average price of electricity for small and medium-sized businesses was $76 in Russia, $233 in Germany and $169 in the EU. For export-driven major industrial operators who generate most of their revenue in foreign currency prices in Russia were 25% lower compared to the EU.”