Irkutskenergo

What Irkutskenergo does

AO Irkutskenergo (Irkutsk Joint-Stock Company of Energy and Electrification) is a vertically integrated regional utility headquartered in Irkutsk, Russian Federation, founded on October 21, 1954 as the Irkutsk regional energy management directorate. The company operates hydroelectric and thermal power stations, district-heating boiler houses producing steam and hot water, water intake and distribution networks, railway freight transport for cargo operations, and non-residential real estate rental. It serves the resident population and industrial enterprises of the Irkutsk region of Siberia across multiple utility service categories.

The business operates under Russian federal tariff regulation, with revenue generated primarily through transaction-based fees on electricity, heat, and water delivered through owned grid infrastructure to end consumers in its service territory, plus ancillary subscription-style revenue from real estate rentals and support services (catering, temporary accommodation). It is a wholly-owned subsidiary of EN+ Group, held through AO EuroSibEnergo, following a mandatory buyout of minority shareholders completed in February 2022 at 14.37 rubles per share under Article 84.8 of Federal Law No. 208-FZ, and the subsequent April 2023 transition from public (PAO) to non-public (AO) joint-stock company status that removed it from public reporting and stock exchange listing. Procurement is consolidated through EN+ Trading House LLC, which handles materials, equipment, works, services, and non-core asset disposals for the broader EN+ group with branches in Krasnoyarsk, Nizhny Novgorod, and Shanghai.

The company is one of the largest regional utilities in Eastern Siberia, operating a generation mix anchored by hydroelectric capacity that provides structural cost advantages in a regulated tariff environment, complemented by thermal generation and an integrated distribution franchise. Headcount is in the 5,001-10,000 range, and revenue trajectory through the available period shows peak performance in 2017 followed by compression through 2020 and partial recovery in 2021. Operational signals in 2024 — including the public consultation on liquidation of a hydraulic structure at the TEC-9 site — indicate ongoing thermal fleet rationalization within the EN+ Group portfolio.

Name

Irkutskenergo

Legal name

Иркутское акционерное общество энергетики и электрификации

Website

https://irkutskenergo.ru

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Irkutskenergo is a vertically integrated Russian regional utility, wholly owned by EN+ Group, generating hydroelectric and thermal power, district heating, water supply, and railway freight services for the Irkutsk region of Siberia under government-regulated tariffs.

Ownership category

akta.pro rank

Product category

Electric and Thermal Energy Utilities

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation (22111), Fossil Fuel Electric Power Generation (221112), Steam and Air-Conditioning Supply (221330), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991), Water Supply (4941), Steam & Air-Conditioning Supply (4961), Transportation Services (4700)

akta.pro primary industry

Hydropower Plant EPC (Dam, Run-of-River, Pumped Hydro Civil Works) (EUAEAAAD)

Keywords

• Hydroelectric power generation
• Thermal energy production
• Electricity distribution
• Water supply services
• Railway freight transportation

Headquarters

HQ city

Irkutskaya

HQ country

Russia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Electricity Production and Distribution: Generation of electricity primarily through hydroelectric power stations and distribution through the grid. The company produces electricity (35.11), electricity from hydroelectric stations (35.11.2), and trades electricity (35.14).
2. Heat Production and Distribution: Production of steam and hot water (thermal energy) by boiler houses (35.30.14) and ensuring their operational capability (35.30.4).
3. Water Supply Services: Water withdrawal, purification and distribution services (36.00).
4. Railway Freight Transportation: Railway transport services for freight transportation (49.20).
5. Real Estate Rental: Rental and management of owned or leased non-residential real estate (68.20.2).

Distribution channels1 record

Marketing channels1 record

Core offering

Irkutskenergo is a vertically integrated regional energy utility that generates electricity primarily through hydroelectric power stations, produces thermal energy (steam and hot water) via boiler houses, distributes water, and operates railway freight transportation services. It also provides supporting services including real estate rental, catering, and temporary accommodation, primarily serving the Irkutsk region of Siberia as part of the EN+ Group.

Product overview

Irkutskenergo (Irkutsk Joint Stock Company of Energy and Electrification) is a diversified energy utility company that operates as part of the EN+ Group. The company offers an integrated portfolio of core energy products and services, including electricity generation from hydroelectric and thermal power plants, heat energy production (steam and hot water) via boiler houses, electricity trading, and water supply and distribution. The company also provides supporting services including railway freight transportation, real estate rental and management, catering, and temporary accommodation. The company was established on October 21, 1954, and is headquartered in Irkutsk, Russia.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Generation
• Heat Energy Production

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Non-Independent Registrar Company R.O.S.T. (АО «НРК - Р.О.С.Т.»)minorImplementation/ SI/ Consulting Partner · 15 November 2001AO NRK-R.O.S.T. has been maintaining the shareholder register of Irkutskenergo since November 15, 2001. The company is licensed by the Russian Federal Financial Markets Service (license No. 045-13976-000001 issued December 3, 2002).
• EN+ Trading House LLC (ООО «ЭН+ ТОРГОВЫЙ ДОМ»)coreChannel Partner/ Reseller/ DistributorEN+ Trading House LLC serves as the procurement center for the EN+ group, handling consolidated procurement of materials and equipment, organizing procurement of works and services, and implementing non-core asset sales. It has branches in Krasnoyarsk and Nizhny Novgorod, plus representation in Shanghai, China.

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• En+ Group: Parent company of Irkutskenergo (through EuroSibEnergo), a diversified Russian industrial conglomerate with energy and metals interests. Directly comparable as the controlling shareholder and strategic platform under which Irkutskenergo operates.
• Gazprom Energoholding: Subsidiary of Gazprom Group, controlling major Russian thermal gencos (Mosenergo, OGK-2, TGC-1). Comparable to Irkutskenergo in thermal generation and CHP, with similar regulatory framework and parent conglomerate structure.
• Rosseti (FGC UES): Russian national electricity grid operator managing transmission and distribution infrastructure. Comparable to Irkutskenergo in the regulated electricity infrastructure space within the Russian Federation.

Direct peers

• Unipro: Russian power generation company with a portfolio of thermal power plants. Comparable to Irkutskenergo's thermal generation activity and Russian regulatory framework exposure.
• RusHydro: Russia's largest hydroelectric power generator, operating multiple HPPs across Russia. Directly comparable to Irkutskenergo in core activity (hydroelectric generation) and regulatory environment (Russian hydropower). RusHydro also operates some thermal assets.
• Quadra – Power Generation: Russian power generation company focused on thermal and combined heat and power plants in Central and Northwestern Russia. Closely comparable to Irkutskenergo's thermal generation and heat supply operations.
• Inter RAO: Russian diversified energy company engaged in electricity generation, trading, and export/import. Comparable to Irkutskenergo in electricity trading (OKVED 35.14) and generation portfolio across multiple Russian regions.
• Enel Russia (EL5-Energo): Russian power generation company operating gas-fired and combined heat and power plants. Comparable to Irkutskenergo in thermal generation and CHP operations within the Russian market.
• T Plus: One of Russia's largest private thermal generation and heat supply companies, operating CHP plants across multiple regions. Directly comparable to Irkutskenergo's thermal generation and heat production business (OKVED 35.30.14).

Regional players

• Siberian Generating Company (SGC): Major Russian power and heat generation company operating primarily in Siberia, producing electricity and heat from coal-fired plants. Strong regional overlap with Irkutskenergo's Siberian service territory and thermal generation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/irkutsk-electronetwork-co-ojsc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Irkutskenergo