Heating will be switched off in Moscow on April 27

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AK&M 26 April 2024 19:26

PJSC MOEK, in accordance with the received fax from the Moscow Government, will begin transferring the heat supply system to summer operation from April 27, 2024. This is stated in the company's message.

This involves a phased shutdown of heating in more than 74 thousand buildings, including about 34 thousand residential buildings, with the following sequence: industrial, administrative, residential buildings, schools, preschool and medical institutions.

The date of completion of the heating period in the capital is set by the Government of Moscow. In 2023, Moscow's heat supply systems were switched to summer operation on April 24, in 2022 – from May 14; in 2021 – from May 10; in 2020 – from May 7; in 2019 – from May 6; in 2018 – from April 29; in 2017 – from On May 1 (due to abnormal cooling, the supply of thermal energy to residential buildings and social facilities was resumed until May 18), in 2016 – from May 4.

PJSC MOEK is a unified heat supply organization in Moscow that provides centralized heating and hot water supply to the capital in the area of operation of the Mosenergo CHP plant, its own heat supply sources, as well as other thermal generation facilities, with the exception of small local heat supply areas from isolated and departmental heat sources. MOEC's activities include transportation, distribution and marketing of thermal energy, provision of activities and development of a centralized heat supply system, as well as generation of thermal energy. Gazprom Energoholding LLC (a 100% subsidiary of Gazprom PJSC) is the controlling shareholder and managing organization of PJSC MOEK.

MOEC's profit under IFRS for the first 9 months of 2023 increased 5.67 times to RUB 6.76 billion from RUB 1.19 billion a year earlier. Revenue increased by 5.7% to RUB 121.1 billion from RUB 114.5 billion, operating profit increased 8 times to RUB 6.95 billion from RUB 831 million, EBITDA increased by 36.5% to RUB 18.78 billion from RUB 13.76 billion.

MOEK's RAS net profit for 2023 increased by 61.46% to RUB 13.6 billion from RUB 8.4 billion a year earlier. Revenue increased by 5% to RUB 191.12 billion from RUB 182.15 billion, gross profit – by 0.36% to RUB 15.7 billion from RUB 15.6 billion, pre–tax profit - by 56.16% to RUB 15.3 billion from RUB 9.8 billion, EBITDA – by 19.4% to RUB 41.5 billion from RUB 34.76 billion.