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RusHydro

December 27, 2019

Results of the Board of Directors meeting on December 24, 2019

December 25, 2019. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in joint attendance on December 24, 2019.

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The Board of directors approved PJSC RusHydro’s business-plan for 2020 including Investment program and consolidated business-plan including consolidated investment program of RusHydro Group for 2020-2024 and took into consideration PJSC RusHydro’s business-plan for 2021-2024.

Investment program for 2020-2024 includes commissioning 640 MW of new electric capacity, 250 GCal of heat capacity, construction and modernization of over 139 km of heat networks and 5.9 km of electric grids. In 2020-2024 RusHydro Group will inaugurate CHP in city of Sovetskaya Gavan, commence construction of Ust-Srednekanskaya HPP,  commission small hydropower plants (Barsuchkovskaya, Verhnebalkarskaya, Krasnogorskaya HPP-1 and HPP-2) and first phase of two single-circuit 110 kV Pevek-Bilibino overhead lines in Chukotka region. Total investment program funding including priority projects in the Far East amount to RUB 347.7 bn (incl. VAT). The investment program is balanced from the point of view of financing sources.   

Investment program of PJSC RusHydro for 2020-2024 provides for financing of technical rehabilitation and modernization of operating facilities, aimed at improved safety and technical reliability, in the amount of RUB 137.8 bn (incl. VAT). During the five years, the program will enable commissioning of 133.4 MW of additional capacity without construction of new generation facilities.

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The Board of Directors approved and decided to put in place since 01.01.2020 the new provision on key performance indicators (KPIs), the list and values of KPIs of members of the Management Board for 2020, the methodology for their calculation as well as KPIs of long-term incentive program of PJSC RusHydro and its targets.






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