Revenues Chuvash Power Company RusGidro on the basis of 1 semester of 2009 amounted to 3.298 billion rubles

OAO Chuvash power company (JSC CHESK), part of the JSC RusGidro in I half of 2009 were released to their customers 1 839.3 million kWh of electricity. Total revenues CHESK over 6 months was 3, 298 billion rubles, representing 91.8% of sales, said the material RusGidro.

Actual electricity consumption in the country have a stable tendency to decrease. Compared to the 1 half of 2008 this figure had fallen to 17.3% or 385.5 million kWh, with 168.8 million kWh (reduction) occurred in 1 quarter, as 216.7 million kWh — in the 2 quarter of 2009.

major reduction in electricity demand CHESK notes on industrial enterprises - by 25.3% and agriculture - by 5,5%.

For the six months of 2009 OAO CHESK purchased on the Russian wholesale market 2 249.39 million kWh of electricity worth 964.04 million rubles and 1 490 MW capacity in the amount of 1 270.08 million rubles. Of these, adjustable instruments purchased 1 883.76 million kWh of electricity amounting to 735.9 million rubles and 1 189 MW capacity in the amount of 946.96 mln. The average purchase price of electricity in the unregulated sector exists at 623.88 EUR. per megawatt hour

Increased cost of power for customers Chuvashii performing calculations on dvuhstavochnomu rate in 2009 is: January - 240.487 rubles /kW, February - 260.32 March - 581.72 April - 220.43 May — 1 056.98 in June - 612.07 USD /kW.

In the I quarter of 2009, the share of supply of electrical energy and power released OAO CHESK in the retail market at regulated prices as follows: in June 2009, the share of electric energy amounted to - 93.916% power - 86.4969% in May 2009, the share of electric energy - 85.9896%, the power - 90.0838%, in April of 2009 electric power - 70.635% power - 73.4032%, in March 2009: the electrical energy - 71.9230% capacity - 78.9153%, in February 2009: the electrical energy - 68.7798%, the power - 75.2861%, in January 2009: the electrical energy - 66.3006%, the power - 72.25%.

Companies and the Chuvash Republic for the year increased their debt to OAO Chuvash power company at 306.2% to 162.55 million rubles to 660.2 million rubles. Of these, the debt of industrial enterprises amounted to 430.7 million rubles, utilities - 181.98 million rubles, the state and municipal agencies - 21.6 million rubles, other customers - 25.9 million rubles. On 1 January 2009 the debt of enterprises and organizations of the republic before the JSC CHESK amounted to 378.29 million rubles.

The main part of the debt accounted for Concern Tractor plants - OJSC Promtractor, JSC Cheboksary aggregate plant, JSC Promtractor-Wagon, a duty which for the year increased by 1 166.4% (or 12 , 66 times) from 26.15 million to 331.2 million rubles. On 1 January 2009 the debt of concern to the JSC CHESK amounted to 240.04 million rubles.

In the 2 half of 2009 in accordance with the decision of the Government of the Russian Federation On 7 April 2007, N 205 began the next stage in the process of liberalization of the Russian wholesale electricity market (capacity). The proportion of electricity sold on the wholesale market at free prices, reached 50% of the total volume of sales market.

Public policy in the sphere of liberalization of the electricity market requires a phased transition to the supply of electric power at free prices in full by 2011, according to previously prescribed pace of market liberalization. In doing so, the sale of electricity to the public free prices delayed until 2014.
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