“Energy of the New Day: The share of the electric energy sector in Russia’s GDP is 2.3%, the number of people employed is more than 1.5 million,” said Anatoly Popov, Deputy Chairman of the Board of Directors of Sber, at the Sber business breakfast. “Save the Present, Create the Future.”
“We bankers still need to evaluate whether the sector is in good shape and how leveraged it is. The sector is in good shape, with net debt (EBITDA) below negative. In principle, the sector has potential, and this is not the case in all sectors of the Russian economy. A fairly low wholesale price and, accordingly, an attractive retail price,” explained Popov.
According to him, Russia was, is and will remain a country with low electricity prices.
Popov emphasized that energy consumption in 2022 remains in the positive zone, which is an important signal that the electrical energy sector in general is much less volatile than the economy and is a factor slowing down its development.
Let us remind you that from October 11 to 13, Moscow hosts the Russian Energy Week, where representatives of federal authorities, heads of the largest companies in the energy industry and industrial organizations discuss current issues related to the development of the fuel and energy complex.