Iren

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Iren’

a river in Perm’ Oblast, RSFSR; a left tributary of the Sylva River (basin of the Kama Reservoir). Length, 214 km; basin area, 6,110 sq km. There are karst phenomena in the Iren’ basin. The river, fed mainly by snow, has a mean annual flow rate of 35.5 cu m per sec near its mouth. It freezes in November; the ice breaks up in April. It can be used for floating logs. The city of Kungur is situated at the mouth of the Iren’.

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Iren is exposed to the potential changes, as almost 25% of its expected 2018-2023 EBITDA and more than 30% of capex is related to the water regulated network.

Concession Renewal Risk: Apart from water, Iren continues to have concession renewal risk in gas distribution and waste collection (in some districts) and around half of the installed hydro capacity.

Iren would benefit from high prices for its hydro production (around 1.3TWh per year).

Fitch Affirms Iren S.p.A. at 'BBB'; Outlook Stable

Iren notes: "These are the same pumps as used in the Burj Khalifa - two of them from Unibeton and two from Unimix.

"As you go higher, pressure is a problem, and you face blocking of the pumps or bursting of the pipeline during casting - so at certain stages we have to change the mix to reduce the pressure or to increase the workability," says Iren.

Iren notes: "This is with the supplier: they have their own quality control checks, laboratories and quality checks.

Damac Towers project defies gravity

Iren expects to deleverage to 2.3x net debt/EBITDA in 2022 (based on the company's definition), compared with target leverage of up to 3.0x.

Regulated Activities, EBITDA Mix: Iren operates in electricity, gas and water distribution.

Concession Renewal Risk: Iren has concession renewal risk in gas distribution, water distribution and waste collection (in some districts) and around half of the installed hydro capacity.