The head of Inter RAO Kovalchuk reported to Putin on the company’s revenue growth
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At the end of 2023, the net profit of Inter RAO amounted to 135 billion rubles, said the chairman of the board of the company Boris Kovalchuk during meetings with Russian President Vladimir Putin.
The head of Inter RAO also reported to the president that from 2009 to 2023, the company’s revenue increased from 68 billion rubles. up to 1 trillion 350 billion rubles. Operating profitability of Inter RAO increased from 11 billion rubles. up to 180 billion rubles, added Mr. Kovalchuk.
“I looked at the results of work over the past year – they are very impressive, I would say: both an increase in electricity generation and an increase in the number of personnel,” Vladimir Putin reacted to the words of Boris Kovalchuk.
In addition, the head of Inter RAO told the president about the results of establishing a standard tariff setting principle. “This has led to the end of bankruptcies of large distribution holdings,” you once drew the attention of energy workers to this. Now this is not the case or it is of a small exceptional nature, although I cannot remember the last time there were problems,” he emphasized.
Inter RAO is a diversified energy holding that manages assets in Russia, as well as in Europe and the CIS. The company is also the only Russian operator of export-import of electricity.
Previously reportedthat Inter RAO reduced electricity supplies by 2.9 billion kWh in 2023, which is approximately 21% less than a year earlier. At the same time, despite the general decrease in supplies, the volume of electricity exports to the East has doubled.
Read more about the situation on the energy market in the material “Russian energy industry has turned in on itself.”
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