Gazprom Energoholding LLC predicts the FY 2012 net profit (as per IFRS) of the group's gencos (OJSC Mosenergo, OJSC TGK-1 and OJSC OGK-2) to grow by 7% to RUB 13.6 billion, the company reported.
Total revenue of the group's generation companies for 2012 will reach RUB 325.3 billion, almost matching the previous year's result (-0.3%). Total EBITDA as per IFRS is estimated at RUB 46 billion (+10.6% year-on-year).
Total electricity production was 166.6 billion kWh in 2012 (-3.7%year-on-year), thermal power production was 101.1 million Gcal (+2.7%).
Gazprom Energoholding LLC, a 100%-subsidiary of OJSC Gazprom, was established in pursuance of Gazprom's strategy in the electric power industry as a vertically integrated company. Gazprom Energoholding specializes in investments and management of subsidiary companies in the electric power sector, operating as a single corporate center of Gazprom Group's electric power arm.