Monday, 29 February 2016

To increase the access of electricity to all the citizens of Afghanistan, DABS signed a contract with Russian Company INTER RAO

In order to increase the access of electricity to all the citizens of Afghanistan, Da Afghanistan Breshna Sherkat (DABS) has signed a Contract for the Naghlu Dam Rehabilitation with Russian Company INTER RAO.

The project will aid in the development of the electricity grid and will provide more electricity to various provinces of the country. This project will rehabilitate unit one and will undertake the fundamental repair of unit three along with procurement of the required equipments. The project will cost 6.6 Million USD. Overall cost of this public utility project is approximately 8.4 million USD; the grants program of Asian Development Bank for Afghanistan will finance the balance amount of 2.2 million USD. With completion of Naghlu Dam Generation Project, the capacity will be increased to 100MW from the current of 75MW. The project is expected to be completed in around 12 months.

About DABS
Da Afghanistan Breshna Sherkat (DABS) is an independent and autonomous company established under The Corporations and Limited Liabilities Law of the Islamic Republic of Afghanistan (IRA). DABS is a limited liability company with all its equity shares owned by the Government of Afghanistan (GoA). The company was incorporated on 4th May 2008 (15 Saur 1387) and replaces Da Afghanistan Breshna Moassassa (DABM) as the national power utility. DABS will operate and manage electric power generation, import, transmission, and distribution throughout Afghanistan on a commercial basis.

About INTER RAO Inter RAO Group is a diversified energy holding that manages assets in Russia, Europe and the CIS.

Inter RAO operates in the following business segments:

  • Electric power and heat generation
  • Retail electricity sales
  • International power trading
  • Power industry engineering, export of power industry equipment
  • Management of distribution grids outside Russia

The total installed capacity of the Group's generation facilities is about 35 GW. In 2014 its plants produced over 146 bn kWh of electric power.

Inter RAO's generation facilities include:

  • 40 thermal power plants and 6 small-scale units
  • 13 hydropower plants (including 9 small-scale HPPs)
  • 2 wind farms

Inter RAO is a leading energy export and import operator in Russia. We supply electricity to Azerbaijan, Belarus, China, Finland, Georgia, Kazakhstan, Lithuania, Mongolia, Ukraine and South Ossetia. In 2014 we exported 14 bn kWh and imported 3.5 bn kWh of electric power.

Inter RAO's retail business division manages 8 Russian power supply companies (so called "guaranteeing suppliers") in 11 regions of Russia.

In 2014 electricity sales on the Russian retail market exceeded 164.8 bn kWh.

As at the end of 2014, Inter RAO Group had more than 57 000 employees.

Inter RAO's strategy is focused on creating a highly efficient and diversified world-class energy holding with operations in all key competitive segments of the energy market. This strategy will enable Inter RAO Group to become one of the world's Top 10 energy companies in terms of total installed production capacity by 2020.

Inter RAO is listed on the MICEX- RTS stock market and its shares form part of MICEX, RTS and MICEX Power indices. The company's Global Depositary Receipts (GDRs) are traded on the London Stock Exchange's International Order Book (IOB).

Rating agency Fitch has assigned Inter RAO a global credit rating of BBB- on the global scale and AA+ (rus) on the national scale, outlook stable. Inter RAO's Moody’s corporate credit rating is Вa2, stable outlook, on the global scale, and, on the national scale.