Russia’s sole electricity exporter, Inter RAO, supplied 4.6 billion kilowatt-hours of electricity to Kazakhstan in 2024, along with 0.9 billion kWh to China, according to company data. Kazakhstan accounted for 54% of all exports, while China made up only about 10%.
Mongolia ranked second among buyers of Russian electricity, receiving 1.3 billion kWh, which represents 16% of total exports. The remaining 1.7 billion kWh were supplied to other countries. Overall, Russia’s electricity exports for 2024 totaled 8.5 billion kWh.
The company attributed the decline in exports to China to higher domestic demand and power shortages in Russia’s Far East. At the same time, exports to Mongolia, Kyrgyzstan, and several other destinations increased, Inter RAO noted.
Russia also imported 1.9 billion kWh of electricity over the year. Kazakhstan was the main source, supplying 1.5 billion kWh, which accounts for 79% of total imports. Supplies from other countries made up the remaining 21%. According to Inter RAO, the rise in imports was mainly due to increased flows from Kazakhstan and Azerbaijan.
Inter RAO is a diversified Russian energy holding company operating across power generation, electricity and heat trading, retail sales, power engineering, and energy sector IT solutions. It operates in several countries and across more than 30 regions in Russia, with an installed capacity of about 31,000 MW.
The company’s key shareholders include:
Inter RAO Capital Group – 28.88%
Rosneftegaz – 26.36%
Rosseti FGC UES – 8.56%
Around 34% of shares are publicly traded.
GSV "Russia - Islamic World"
Photo: Florstein/Creative Commons 4.0
Based on materials from TASS