Mosenergo

OJSC Mosenergo is the largest of the regional generating companies of the Russian Federation and a technologically integral part of the Unified Energy System of Russia. The company is one of the largest heat producers in the world.

Mosenergo includes 15 power plants with an installed electric capacity of 11.9 thousand. MW and thermal capacity of 40.6 thousand MW (34.9 thousand Gcal/h). Mosenergo power plants supply about 70% of the electric energy consumed in the Moscow region and provide 66% of Moscow's thermal energy needs.

Technical development is one of the priorities of the company's activities. OJSC Mosenergo was among the first in Russia to begin large-scale construction and commissioning of generating capacities based on the steam-gas cycle technology, which allows to significantly increase efficiency and improve environmental production indicators.

Mosenergo shares are traded on the main trading floors of the Russian stock market - the Moscow Interbank Currency Exchange and the RTS Stock Exchange. The company regularly implements measures to increase the investment attractiveness and capitalization of the company.

Aktivs

• GES-1 branch of Mosenergo

Performance indicators

2023

Revenue growth by 8.9% to 247.15 billion rubles

At the end of 2023, Mosenergo raised 247.15 billion rubles, which is 8.9% more than a year earlier. At the same time, the company's net profit decreased by 7%, to 19.26 billion rubles. Such data in accordance with Russian financial reporting standards (RAS) were published in early February 2024.

From the materials of Mosenergo it also follows that in 2023 the EBITDA indicator reached 39.12 billion rubles against 41.29 billion rubles in 2022. Profit from sales on an annualized basis increased from 19.71 billion to 21.6 billion rubles. The cost of sales increased by 8.8% and exceeded 223.34 billion rubles.

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In 2023, the revenue of the Electricity and Capacity segment amounted to 144.56 billion rubles against 128.02 billion rubles a year earlier. In the direction of Teploenergia, an increase in revenues was registered from 96.5 billion to 100.11 billion rubles. In the category of "other" revenue, the indicator remained almost unchanged - 2.48 billion rubles.

Profit in the Electricity and Capacity segment in 2023 turned out to be equal to 21.36 billion rubles, an increase of 20.67 billion rubles relative to the profit a year ago. In the category "Heat Energy," profit, on the contrary, decreased - from 3.86 billion to 2.66 billion rubles. According to the results of 2023, a loss of 41 million rubles was registered in the "other" category against a loss of 213.7 million rubles a year earlier.

From the report of Mosenergo it follows that by the end of 2023, 15 power plants with an installed electric capacity of 12.5 thousand worked as part of the company. MW. The installed thermal capacity of the company is 43.7 thousand. Gkal·ch. Mosenergo power plants supply over 50% of the electric energy consumed in the Moscow region, and provide about 90% of Moscow's needs (excluding the annexed territories) for thermal energy.

Audit Report on Financial Statements

Growth in electricity production by 0.8% to 63.02 billion kWh

Mosenergo (part of Gazprom Energoholding) increased electricity production in 2023 by 0.8% compared to 2022 - 62.51 billion kWh to 63.02 billion kWh. The company released such data on January 18, 2023.

From its materials it also follows that in 2023 the supply of thermal energy decreased by 4.6%, to 81.49 million Gcal. The main impact on the dynamics of this indicator was the high air temperature in April-May 2023, the reduction in the duration of the heating period 2022-2023. compared to the previous one, as well as the late beginning of the heating period 2023-2024, the press service of Mosenergo specified.

Mosenergo increased electricity production in 2023

Mosenergo is a territorial generating company. By the end of 2023, 15 power plants with an installed electric capacity of 12.6 thousand MW were operating in its composition. The installed thermal capacity of the company is 44.1 thousand Gcal/h. Mosenergo power plants supply over 50% of the electricity consumed in the Moscow region and provide about 90% of Moscow's heat needs.

Mosenergo in January - September 2023 received 2.05 billion rubles of net profit according to international financial reporting standards (IFRS) against 11.02 billion rubles a year earlier (-81.4%), follows from the company's materials.

Mosenergo's revenue for the reporting period increased by 9%, to 167.87 billion rubles. EBITDA decreased by 16.9%, to 22.87 billion rubles. At the same time, the company's operating loss amounted to 1.17 billion rubles against 10.5 billion rubles of profit from operating activities a year earlier, and profit before tax fell 6.5 times, to 2.12 billion rubles.^[1]

2022

Annual revenue growth by 1% to RUB 226.96 billion

Mosenergo's revenue in 2022 amounted to 226.96 billion rubles, which is 1% more than a year earlier. The company's net profit during this time increased by 16.9% and reached 20.7 billion rubles. Such data were released in April 2023.

According to TASS, citing Mosenergo materials, in 2022 the company's gross profit decreased in annual terms by 10.9%, to 21.71 billion rubles, and pre-tax profit amounted to 26.24 billion rubles against 22.67 billion rubles a year earlier.

Mosenergo raised 226.96 billion rubles for the year

Mosenergo in 2022 increased electricity generation by 0.8% - to 62.51 billion kWh from 62.01 billion kWh in 2021. The supply of thermal energy from the collectors of thermal power plants, district and quarterly thermal stations "Mosenergo" amounted to 85.41 million Gcal, which is 4.2% lower than the same indicator in 2021 (89.18 million Gcal). The main impact on the dynamics of this indicator was a significant decrease in heat output in February 2022 due to the abnormally high outside air temperature (the average monthly temperature in February 2022 was - 0.9 ° C against - 10.5 ° C in February 2021). The implementation of the joint program of PJSC MUEC and PJSC Mosenergo to switch loads between heat sources in 2022 led to a reduction in greenhouse gas emissions in Moscow by more than 1.2 million tons, nitrogen oxides - by more than 800 tons. The volume of switching amounted to 6.4 million Gcal.

By the end of 2022, Mosenergo operated 15 power plants with an installed electric capacity of 12.8 thousand. MW. The installed thermal capacity of the company is 43.8 thousand. Gkal·ch. Power plants of PJSC Mosenergo supply over 60% of the electric energy consumed in the Moscow region, and provide about 90% of Moscow's needs (excluding the annexed territories) in thermal energy. The controlling shareholder and management organization of Mosenergo is Gazprom Energoholding (by May 2023).^[2]

History

• The shareholders of OAO Mosenergo are OOO Gazprom Energoholding (100% subsidiary of OAO Gazprom) and the Moscow City Government.
• OJSC Mosenergo produces about 6% of all electrical energy generated in the Russian Federation (including nuclear power plants).
• OJSC Mosenergo is the main producer of electric and thermal energy for the Moscow region, uniting two constituent entities of the Russian Federation - Moscow and the Moscow region.
• OJSC Mosenergo supplies an average of 67% of the total electricity consumption in the Moscow region, 18% supply other power plants in the Moscow region, 15% is covered by saldoperetok.
• OJSC Mosenergo occupies 70% of the market for thermal energy in Moscow and 43% in the market of the Moscow region.
• OJSC Mosenergo is a recognized leader among generating companies in Russia in the commissioning of new capacities. In 2007-2008, three new steam-gas units with a total capacity of 1325 MW were commissioned at the power plants of Mosenergo OJSC. In June 2011, the TETs-26 introduced power unit No. 8 PGU-420, which has a record efficiency for Russian power - up to 59%. In 2014-2015, two PGU-420 power units will be commissioned - for TETs-16 and TETs-20, as well as PGU-220T for TETs-12.

2024: Telephone scammers began calling Russians under the guise of public utilities. Schemes

On July 15, 2024, it became known that a new wave of telephone fraud was recorded in Russia. The attackers began to call citizens, posing as employees of large energy companies such as Mosenergo and Mosenergosbyt. Read more here.

2022: Mosenergo stops listing abroad

In early May 2022, Mosenergo announced the termination of the ADR and GDR program in the American and European markets. Receipt holders will be able to convert them into ordinary shares, but for this you need to have an account in Russia.

According to Interfax, American depositary receipts (ADRs) will be canceled from June 6, 2022, and global depositary receipts (GDRs) from July 27 of the same year. Holders of securities will be able to convert them into ordinary shares. However, by May 5, 2022, it is prohibited in Russia to sell or buy securities on behalf of non-residents.

Mosenergo stops listing abroad

By the beginning of May 2022, 1.048% of the company's share capital was traded under the ADR and GDR programs in the over-the-counter markets of Europe and the United States. One ADR or GDR Mosenergo represents 50 shares.

By the beginning of May 2022, the main shareholder of Mosenergo with a 53.85% stake is Gazprom Energoholding LLC. Another 26.45% of the shares belong to the Moscow City Property Department.

On April 16, 2022, a new law was officially published in Russia, which provides for a ban ten days after the publication of the appeal of depositary receipts of Russian eminents on foreign sites. It entered into force on April 27, 2022. Companies were given five working days to terminate agreements on the placement of depositary receipts and the same period to submit supporting documents to the Bank of Russia. In the period from April 27 to May 5 inclusive, issuers will be able to submit an application to the Ministry of Finance to maintain such a listing.^[3]

2021: TAdviser interview with information security department chief Sergei Kozlenk

In June 2020, in an interview with TAdviser Sergei Kozlenok, head of the department of information security PJSC "" Mosenergo spoke about the key INFORMATION SECURITY threats to the energy sector, what are the features of protecting enterprises in the sphere, power engineering specialists how to level the human factor and cope with the huge amount of work to ensure the safety of facilities CUES in accordance with the requirements of regulators. Read more here.

2017: Profits up 84.6%

• The revenue of PJSC Mosenergo in 2017 increased by 2.8% compared to the same indicator last year and amounted to 196 billion 056 million rubles. The increase in revenues is mainly due to the efficient operation of combined-cycle power units introduced under capacity supply contracts (PDM).
• Variable expenses for the reporting period decreased by 3.4% and amounted to 121 billion 963 million rubles.
• Fixed expenses (excluding depreciation of fixed assets) in 2017 increased slightly (by 1.5%), amounting to 26 billion 542 million rubles.
• EBITDA grew by 44.4% compared to the previous year - to 44 billion 327 million rubles.
• Profit of PJSC Mosenergo under IFRS in 2017 increased by 84.6% and amounted to 24 billion 802 million rubles.

1995-2008

Mosenergo in October 1995 became one of the first Russian companies to open an ADR program for its shares. Then this allowed her to attract $22.5 million. In 2008, as part of the reorganization of RAO UES of Russia, the GDR program was opened.