ENERGO: RusHydro posts rising revenues

RusHydro has posted a 5% year-on-year increase in revenues for Q1 to $1.7bn, although EBITDA was down 5% and net income fell by 21%.

The company has set modest medium-term financial goals and showed weak operational results in 4Q20. Nevertheless, RusHydro managed to narrow its loss in 4Q20.

Despite the plunge in output in 1Q21, RusHydro's financials in 1Q21 were expected to remain stable on the recovery of 1Q21 prices.

RusHydro has approved its 2021-2025 investment programme, which calls for $6.8bn of spending on the modernisation and construction of new assets.