The modernization of the small-scale HPP made it possible to use the hydropower potential of the Krasnopolyanskaya HPP's complex to a greater extent. The HPP will deliver power to the retail market and provide electricity for the consumers located at the Krasnaya Polyana mountaintop resort and in the city of Sochi.
The renovation of the small-scale HPP is yet another project aimed at increasing the share of renewables in LUKOIL's energy balance.
LUKOIL operates a large portfolio of generation facilities running on renewable energy sources. In 2019, renewable generation accounted for 6% of LUKOIL commercial electricity production. This results in a reduction of greenhouse gases emissions by more than 500 thousand tonnes of CO2 equivalent annually.
LUKOIL’s main renewable assets include 4 hydropower plants in Russia (total capacity – 291 MW), the Land Power wind farm in Romania (84 MW), and solar power plants in Russia (Volgograd region), Romania and Bulgaria (with aggregate capacity exceeding 20 MW).
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