POWER

Polyus renews hydropower deal

Russian gold miner Polyus has extended a power agreement with PJSC RusHydro, a major Russian hydroelectricity supplier.

 Electricity generation at Saratovskaya HPP

Electricity generation at Saratovskaya HPP

The agreement states that Polyus will purchase some 1.5 billion kWh of energy in 2022.

The deal means that 100% of the energy demand of Polyus' assets located in Krasnoyarsk Territory and Irkutsk Region will be directly met by hydropower.

It follows a one-year agreement to supply renewable electricity from the Sayano-Shushenskaya HPP 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 has reached about 90%.

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