The head of Rushydro told Putin about the financial situation of the company

The financial condition of Rushydro remains difficult: the generating company has a high level of creditworthiness and is asking for preferential support from the Cabinet of Ministers. This became known at a meeting between Vladimir Putin and Viktor Khmarin, CEO of Rushydro, on July 9. At the same time, this will not affect the fate of key modernization and construction projects: according to the company's investment program, the Yakutskaya and Partizanskaya coal-fired power plants, as well as four gas stations, will be built by 2029. Currently, RusHydro manages 50% of the country's water energy.

What was discussed at the meeting

According to Viktor Khmarin, the energy company Rushydro is the largest in the country in terms of production capacity. The head of the company cited the figure for last year: 152 billion kW. "As before, the lion's share of the entire generation and grid component of the Far East and about 50% of the country's total hydropower are now managed by the holding. In terms of people, we are somewhere around 72 thousand people," Viktor Khmarin said.

In 2024, more than 800 MW of generating capacity has already been commissioned: Ust-Srednekanskaya HPP in Magadan, Tower HPP in the Chechen Republic and Cherekskaya HPP in Kabardino-Balkaria.

At the same time, the head of Rushydro pointed out the difficult financial condition of the corporation — the generating company has a high debt burden. According to him, the problem is being discussed with the Cabinet of Ministers: the company regularly asks the government for preferential financing and regulation of the coal market, which accounts for a large share of Rushydro's cost.

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Against this background, Vladimir Putin asked about the fate of key modernization and construction projects under the investment program. Viktor Khmarin assured the president that the company continues to implement them, despite financial difficulties. "Of course, when the interest rates in the country are high, it is quite difficult to combine high investment rates, because the energy industry has always been one of the social sectors, and we cannot raise the cost of our products, kilowatts, on market, let's say, grounds," Khmarin said.

The investment program for 2025-2029 is about 1.13 trillion rubles, said the head of Rushydro. 80% is accounted for in the Far East: the construction of the Yakutsk and Partizanskaya coal-fired power plants, as well as four gas stations, is currently underway there. This is a large energy infrastructure that will last for decades, Viktor Khmarin is convinced. Up to 10,000 construction workers will be involved in the implementation of investment projects, and after the launch of enterprises, more than 2,000 jobs will be created there.