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April 15, 2021

Results of the Board of Directors meeting on April 14, 2021

April 15, Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on April 14, 2021.

The Board of Directors approved the report on execution of PJSC RusHydro’s business plan for 2020 including the report on execution of investment program for as well as comprehensive rehabilitation and modernization program.

PJSC RusHydro’s RAS EBITDA for 2020 increased by 18% as compared with 2019 and amounted to RUB 92.3 bn, while net profit came in at RUB 35.96 bn.

Financing of PJSC RusHydro’s investment program and controlled companies engaged in construction of the Company’s facilities amounted to RUB 31.7 bn and RUB 15.8 bn respectively.

In 2020, 25 MW have been commissioned following rerating of equipment in the scope of comprehensive modernization program of PJSC RusHydro’s facilities.

Total electricity production in 2019 exceeded plan by 12.2% and reached an all-time high record of 97.2 GWh. The increase came on the back of effective water regime planning amidst increased water inflows to the HPPs on the Volga-Kama cascade, in Siberia and in the Far East, modernization of existing facilities and increase in electricity demand following consumption growth in the Far Eastern Federal District.


The Board of Directors approved the report on execution of RusHydro Group’s consolidated business plan for 2020 including the report on execution of consolidated investment program.

The Group’s IFRS EBITDA increased by 23.3% in 2020 and reached an all-time historic high of RUB 120.3 bn, its net profit reached a record high of RUB 46.6 bn.

In 2020, the Group has inaugurated 126 MW and 200 GCal/h CHPP in Sovetskaya Gavan in the Khabarovsk region and three small HPPs in the Northern Caucasus under the DPM for renewables agreement: 10 MW Verkhnebalkarskaya, 5.6 MW Ust-Dzhegutinskaya and 5.25 MW Barsuchkovskaya small HPPs.

Over 17.6 thousand consumers with total capacity of 616 MW have been connected to grids including major consumers such as JSC Polyus Magadan, LLC Oil Extracting Plant Amurskiy and LLC Maloruminskiy mine.


The Board of Directors approved the reports on execution of KPIs for 2020.


The Board of Directors took into consideration the information on improvement of reliability of electricity supply to consumers and liquidation of emergencies in electric grid facilities the Far Eastern Federal District. PJSC RusHydro is taking measures to increase the reliability of electricity supply to the consumers in the Far East.

Following liquidation of consequences of the inclement weather conditions in 2020 in Primorsky Krai, the Company put together the Program for modernization and reconstruction of electric grids in the Primorsky Krai (MIREK) including reconstruction of 35-110kV grids and modernization of equipment. MIREK pays extra attention to 4 kV, 6 kV and 10 kV distribution facilities.

In the course of modernization and reconstruction of distribution grids, the reliability of electricity supply to consumers in Partizanskiy, Nadezhdenskiy, Shkotovskiy, Khasanskiy, Artemovskiy and Pervomayskiy districts of Vladivostok as well as in Bolshoi Kamen’ and Fokino will improve significantly. The above-mentioned places suffered the most during the freezing rain in 2020.

For consumers in the Sakhalin, a modernization program of sustainable development of the electric grids of the Sakhalin region (POUREK) in under way as well. Additional comprehensive programs with focus on accident decrease and improvement of reliability of electricity supply for execution in 2021-2025 are in place for other controlled entities in the Far East.


The Board of Directors approved the report on execution of the Program of innovation development of RusHydro Group for 2020. Financing of the program including R&D activities amounted to RUB 3 bn in 2020. The Group reviewed 18 innovative proposals via “single window” system and eight were selected for possible inclusion into the Group’s R&D program.

RusHydro has carried out procurement procedures for the purchase of innovative technological products for RUB 1,214 mn, out of which RUB 595 mn were purchased from small and medium sized businesses. RusHydro procured all innovative products from local manufacturers.

Integrated KPI for innovation activity was fulfilled by 98% with a target fulfillment rate of 85%.

In 2020, the Company brought online the following facilities: Verkhnebalkarskaya small HPP (10MW), Ust-Dzhegutinskaya small HPP (5.6 MW), Barsuchkovskaya small HPP (5.25 MW), hybrid wind-diesel project in arctic village Tiski in Yakutia (3.9 MW) and a unique hybrid-renewables project at Nizhne-Bureyskaya HPP (1.3 MW). Moreover, RusHydro’s engineering center began operating at the Russkiy Island and the network of electric vehicle charging stations grew twofold expanding into Khabarovsk, Kamchatka and Sakhalin regions.

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