August 01, 2014 1:45 AM ET

Electric Utilities

Company Overview of ZAO Nizhnevartovskaya Gres

Company Overview

Nizhnevartovskaya Gres ZAO produces and distributes thermal electricity with a capacity of 1600 Megawatt. The company was founded in 1993 and is based in Izluchinsk, Russian Federation. Nizhnevartovskaya Gres ZAO operates as a subsidiary of NVGRES Holding Limited.

Industrial zone

Izluchinsk,  628634

Russia

Founded in 1993

Key Executives for ZAO Nizhnevartovskaya Gres

ZAO Nizhnevartovskaya Gres does not have any Key Executives recorded.

ZAO Nizhnevartovskaya Gres Key Developments

ZAO Nizhnevartovskaya Gres Reports Earnings Results for the First Half Ended June 30, 2012

ZAO Nizhnevartovskaya Gres reported earnings results for the first half ended June 30, 2012. For the period, the company's revenue was RUB 5.7 billion compared to RUB 6.4 billion a year ago. Net profit was RUB 0.7 billion compared to RUB 1.1 billion a year ago, which is mainly associated with a reduction in profits from electricity sales due to lower DAM market prices. Net debt as on June 30, 2012 was RUB 2.5 billion compared to RUB 0.8 billion as on December 31, 2011. Negative dynamics of Revenues were due primarily to lower prices in the day-ahead market by 10.4% and a decrease in sales of electricity by 0.5%.

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