OREANDA-NEWS  On 10 November was announced, that JSC First Power Generating Company on the Wholesale Energy Market (OGK-1) (MICEX: OGK1) published 9M 2008 Financial Results, prepared in accordance with the Russian Accounting Standards (RAS)*.

OGK-1 9M 2008 sales revenue (RAS) amount to 36,723 mln rubles (32,380 mln rubles – 9M 2007), which is 13,41% more than in 9M 2007. Production net cost is about 32,310 mln rubles. 9M 2008 Gross Profit amounts to 4,413 mln rubles.

OGK-1 9M 2008 net profit is 1,061 mln rubles (9M 2007 – 1,305 mln rubles).

OGK-1 power plants have produced 36,496 mln kWh of electricity in 9M 2008 (9M 2008 – 35,765 mln kWh). 9M 2008 Capacity factor amounts to 60.5% (9M 2007 – 57.3%).

OGK-1 9M 2008 electricity sales on the wholesale energy market amount to 46,576 mln kWh for 36,248 mln rubles. The data includes electricity purchased on the market.

Heat energy output from headers amount to 894 thousand GCal. Specific fuel consumption per electricity supplied in 9M 2008 is 331.2 g/kWh. (9M 2007 – 330.3 g/kWh).

Financial Statements are available at: http://www.ogk1.com/?th=1&ch=art&id=762&m=3

Presentation “9M 2008 Results” is available at: http://www.ogk1.com/?th=1&ch=art&id=725&m=3

Company release “Production Results for 9M 2008” is available at: http://www.ogk1.com/?th=1&ch=art&id=482&m=3

* OGK-1 9M 2008 production and financial statements are given without the results of Nizhnevartovskaya GRES in August and September 2008. On August 1 ZAO "Nizhnevartovskaya GRES" has become an independent legal entity of the wholesale energy market.