OGK-2 increased electricity production by 5.7% in 1H23

MOSCOW, July 18 (Reuters) – Gazprom-controlled energy company OGK-2 increased electricity production in the first half of 2023 by 5.7% to 24.1 billion kilowatt-hours, the company said.

The change in production volumes results from the increase in demand for production equipment.

Last year, the company reduced its production by 2.6% to 48.5 billion kilowatt-hours as demand fell in several regions and lower use of inefficient equipment.

The Russian Energy Ministry and the System Operator stopped disclosing operational statistics on electricity generation and demand last year, one of the main indicators of economic activity.

Electricity production in Russia in 2022 increased by 0.7% to 1.139 trillion kilowatt hours, while demand for it increased by 1.5% to 1.124 trillion kilowatt hours, Deputy Prime Minister Aleksander Nowak announced. The Ministry of Energy of the Russian Federation sees a trend towards a further increase in demand for electricity in Russia this year. (Anastasia Lyrchikova)