December 5, 2019. Moscow,
Russia. PJSC
RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces
that the Company's Board of Directors held a meeting in absentia on
December 3, 2019.
***
The Board of directors approved the report on the
interim results of the Company's 2019 Business Plan execution
including actual results for nine months of 2019 (including the
report on execution of the Investment program, as well as
Comprehensive modernization program for nine months of 2019).
Financing of investment program for the nine
months of 2019 came in at RUB 31.6 bn including RUB 21 bn for
Comprehensive modernization program. Financing of investment program
of the company’s subsidiaries amounted to RUB 14.8 bn. Following
relabeling of equipment upon the rehabilitation & modernization
program in the first nine months of the year the installed capacity
increased by 45.5 MW. Nizhne-Bureyskaya HPP (320 MW) as well as
peaking boiler plant (300 GCal) at Yakutskaya GRES have been
commissioned in 2019. Actual electricity production and net output
came in at 96% and 96.3%, respectively, of the planned amount.
Certain decrease in electricity production is driven by lower water
inflows to the majority of reservoirs of the hydropower plants in the
first half of the year.
***
The Board of Directors reviewed the report on
compliance with the PJSC RusHydro’s information policy.
Effective cooperation with shareholders, investors
and other stakeholders remains one of the Company’s priorities.
RusHydro seeks to disclose all relevant information, which affects
the Company’s share price in order to provide the maximum level of
trust to the Group.
***
The Board of Directors approved the report on
execution of the annual complex procurement program of the Company
for nine months of 2019. Small and medium size businesses represented
RUB 8.2 bn out of the total number of procurement procedures, in line
with the plan. The effect of carrying out procurement procedures
amounted to RUB 2.7 bn.
The Company has carried out 1,853 procurement
procedures, all in electronic format.
***
The Board reviewed the item on annual information
sharing with the Government of the Russian Federation and the federal
legislative authorities on the volume of procurement procedures of
civilian products for the Fuel and Energy Complex from the Russian
Military Industrial Complex outside of the government’s defense
order.
The Company adheres to all executive orders of the
Government of the Russian Federation regarding this aspect, publishes
planned procurement procedures in the Government’s information
system, information on upcoming purchases of goods and services on
the official government website (www.zakupki.gov.ru)
as well as the company’s website (www.rushydro.ru)
and at www.roseltorg.ru.
***
The Board of Directors approved the updated
version of the Single provision on procurement of products for the
Group’s needs.
The document has been updated according to the
latest changes in the Russian legislation and aims at improving the
Group’s procurement system by enabling effective control systems.
The Government’s instruction on procurement from small and medium
size business as well as predominantly from local manufacturers has
been taken into account as well.
***
The Board of Directors approved the report on
implementation of professional standards in the Group’s activities
for the second and third quarters of 2019. The Corporate Hydropower
University has successfully worked out 12 standard advanced training
programs where 273 employees received continuous professional
education, 151 employees – advanced training and 122 employees –
occupational retraining.
***
The Board also reviewed the results of annual
planned on-site-audits of RusHydro Group’s facilities by Ministry
of Energy of the Russian Federation in 2019.
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