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En+ Group is Preparing to Sell 100 Million MW of Electricity to Miners
February 15, 2018 00:54


In 2018, En + Group, owned by Oleg Deripaska, is preparing to sell 100 million MW of electricity to miners for about 980 million rubles.

As the General Director of En + Maxim Sokov said, the group is negotiating with several funds attracting investments in the construction of mining farms - they will act as consumers of electricity. En + will offer to build farms next to its power plants in Irkutsk, Bratsk and Ust-Ilimsk.

As reported by Sokov, funds gather the pool of investors, including Chinese and American investors. Tariffs on electricity for miners are not disclosed. It is expected that such steps will allow diversifying the portfolio of En + clients. The head of the ACRA Research and Forecasting Group, Natalia Porokhova, estimates the possible revenue of En + from the sale of electricity to the miners in the amount of 10 million to 15 million US dollars. Analyst from VTB Capital, Vladimir Sklyar, notes that on the basis of prices for 2017 the company can earn 980 million rubles.


Author: Anna Dorozhkina


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