Polyus extends hydropower agreement with RusHydro

2nd September 2021 By: Creamer Media Reporter

Gold mining company Polyus has announced the extension of an agreement for the supply of electricity generated by RusHydro, a major Russian hydroelectricity supplier.

Under the terms of the agreement, about 1.5-billion kWh of energy will be supplied to the company's assets in 2022. As a result, 100% of the energy demand of Polyus' assets located in Krasnoyarsk territory and Irkutsk region will be directly met by hydropower.

In early 2021, a one-year agreement to supply renewable electricity from the Sayano-Shushenskaya to Polyus' Krasnoyarsk business unit (Olimpiada and Blagodatnoye) was signed. As a result, the level of electricity demand of the company's operating assets met by renewable sources reached about 90%.