Interfax reported that the Enel OGK-5 generating company produced 42.435 billion kilowatt-hours of electricity in 2011, 0.9% less than in 2010.

The company said "Net output dynamics were affected by Reftinskaya GRES's modernization of Unit 5 and long-term maintenance of Unit 9, which has been offset by the output increase at gas-fired power plants, in particular thanks to the commissioning of two CCGT units at Nevinnomysskaya GRES and Sredneuralskaya GRES during the year."

Power sales by the company rose 4% to 47.862 billion kWh. Power sales do not include sales under free two-party contracts, in keeping with the company practice of reflecting electricity sales in accounting to International Financial Reporting Standards.

The share of free market sales increased from 67% in 2010 to 84% in 2011, driven by the liberalization of the wholesale power market, Enel OGK-5 said.

Heat sales by the company totaled 6.783 million Gcal, 4% above the 2010 level.

(Sourced from Interfax)