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ACRA to take part in “Energy Industry: New Rules, New Possibilities” conference

Denis Krasnovskiy, analyst in ACRA’s Corporate Ratings Group, will participate in the “Energy Industry: New Rules, New Possibilities” conference. The event, organized by Kommersant, will take place on September 25, 2019, at Moscow’s Metropol Hotel, 2 Teatralniy Proezd.

At the conference, leading experts in the energy industry will discuss how costly it will be for market participants to adapt to new conditions, how competition between the main players will develop, and how to build an effective business model and confront security threats. Additional topics to be covered will include which advantages a company acting as an energy integrator sees for itself, as well as how to shift the focus of the market towards renewable energy sources. Mr. Krasnovskiy will speak about companies in the electricity sector attracting external financing. Chairman of the Energy Committee of the State Duma Pavel Zavalny, Deputy Minister of Energy Yuri Manevich, Chairman of the Board of Directors of ROTEC Mikhail Lifshitz, FGC UES Chairman Andrey Murov, as well as Director General of the National Energy Security Fund Konstantin Simonov and others will be in attendance.

“During the first Power Supply Agreement (PSA) program, about 15% of the total electrical capacity installed in Russia was updated, which required about RUB 4 tln in investments. The Russian government has launched a second PSA program in order to reduce operating costs and improve fuel efficiency,” notes Mr. Krasnovskiy. “The program will run through 2035 and will require RUB 1.9 tln in investments to upgrade 41 gigawatts of old thermal power. Therefore, given the yield constraints imposed by the program, electricity companies are again faced with the need to find the most effective sources of financing."

The event program and terms of participation are available on Kommersant’s website: https://www.kommersant.ru/conference/463. For more information, contact  Evgeniya Sautkina at +7 903 527 63 54 or sautkina@kommersant.ru.

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