LUKOIL has launched a solar power plant in Krasnodar

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AK&M 15 August 2022 11:26

The solar power plant of the LUKOIL Group (SES) in Krasnodar has received a certificate of qualification of a generating facility operating on the basis of a renewable energy source and has been put into operation. The SES with a capacity of 2.35 MW is located on two sections of the Krasnodar CHP, unused in production, with a total area of 3.53 hectares. This is stated in the company's message.

The construction of the first SES in Krasnodar will provide an additional 3 million kWh of clean electricity per year, which will prevent greenhouse gas emissions of up to 1.5 thousand tons of CO2 -eq. per year. All electricity produced is supplied to the Kuban power grid. The SES uses mainly domestic equipment. The project was implemented jointly with the Hevel group of companies, which performed a complex of works, including the production and supply of solar modules.

This is the third solar energy facility of the company in the south of Russia, implemented on unused production areas of LUKOIL. Previously, the company successfully implemented two projects in 2018 and 2021 on the territory of its oil refinery in Volgograd with a total installed capacity of 30 MW.

PJSC LUKOIL (TIN 7708004767) is the second company in the Russian Federation in terms of oil production. The largest stake in the company is controlled by its management. 

LUKOIL's RAS net profit for the first half of 2021 increased by 33% to 145.56 billion rubles from 109.19 billion rubles a year earlier. Revenue increased 5 times to 910.36 billion rubles from 173.88 billion rubles, gross profit – almost 1.5 times to 241.55 billion rubles from 164.59 billion rubles, profit before tax – by 39% to 151.9 billion rubles from 109.3 billion rubles.

LUKOIL's net profit under IFRS for 2021 increased 50.9 times to 773.4 billion rubles from 15.2 billion rubles a year earlier. Sales revenue increased by 67% to 9.4 trillion rubles from 5.64 trillion rubles, EBITDA increased by 2 times to 1.4 trillion rubles from 687.1 billion rubles.