March 2, 2022, Moscow, Russia. PJSC RusHydro (ticker
symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's
Board of Directors held a meeting on February 28, 2022.
The Board of Directors approved PJSC RusHydro’s
business plan and investment program for 2022 as well as RusHydro
Group’s consolidated business plan and consolidated investment
program for 2022-2026 and took into consideration the Company’s
business plan and investment program for 2023-2026.
The Group’s investment program for 2022-2026
includes commissioning over 2,700 MW and 2,900 GCal/h of new electric
and heat capacity, respectively.
In accordance with the Comprehensive plan of
modernization and expansion of trunk infrastructure approved by the
Government of the Russian Federation, the investment program includes
financing of the following projects: Khabarovskaya CHP-4,
Artemovskaya CHP-2, second phase of Yakutskaya GRES-2 modernization
of Vladivostokskaya CHP-2, 110 kV Pevek-Bilibino power lines (both
phases) as well as expansion of Neryungrinskaya GRES and
During 2022-2026 RusHydro Group plans to complete
construction of the first phase of 110 kV Pevek-Bilibino power lines,
finalize construction of Ust-Srednekanskaya HPP and a number of small
HPPs (Krasnogorskaya 1 and 2, Cherekskaya and other).
PJSC RusHydro’s investment program for 2022-2026
includes financing of construction of new generating capacities,
rehabilitation and modernization of existing hydropower facilities to
improve their safety and reliability. In the course of five years,
the Company will bring online 344.3 MW of additional electric
capacity and 258 GCal/h of heat capacity excluding construction of
The Board of Directors approved the annual KPIs of
the members of PJSC RusHydro’s Management Board for 2022 and the
KPIs of PJSC RusHydro’s long-term motivation program as well as the
new provision on PHSC RusHydro’s KPI system.