print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line

Get updates

Home  Issuers' Corner  Press Releases  RusHydro REGISTER LOG IN

Press Releases > RusHydro  all about the company

company search
all press releases
all RusHydro press releases


August 27, 2021

Results of the Board of Directors meeting on August 26, 2021

August 27, 2021. 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 August 26, 2021.

The Board of Directors approved the report on divestment of RusHydro’s none-core assets for the first half of 2021. RusHydro Group has also fulfilled its plan on divestment of non-core assets in the reporting period saving over RUB 38 mn in annual maintenance.


The Board of Directors approved the report on execution of PJSC RusHydro’s annual complex procurement program for the first half of 2021.  In the reporting period PJSC RusHydro has carried out 1,341 procurement procedures out of which 99.9% were in electronic format. The effect of carrying out procurement procedures amounted to RUB 814.45 mn (excl. VAT).  


The Board of Directors approved the updated methodology on determination of RusHydro Group’s risk appetite. The methodology stipulates for efficiency improvement of internal control functions and risk management at RusHydro Group and provides for an action plan to enhancing internal control system and risk management in 2021 following approval of the new Strategy until 2025 with outlook until 2035 by the Board of Directors.


The Board of Directors took into consideration information on the execution status of construction of priority projects in the Far East.

The Group is carrying out construction of the first phase of 110 kV Pevek-Bilibino power lines in extreme Arctic conditions. Over 200 people and 90 pieces of equipemtn are employed in the construction. Currently 572 out of 2,483 power transmission poles have been erected and 80 out of 490 km of power lines have been mounted. Preparation works for reconstruction of 110/35/6 Komsomolsky substation and construction of new 110/6 kV Bilibino distribution center are under way.

The new overhead lines will provide reliable power transmission between Pevek, where earlier this year the floating nuclear power plant Akademik Lomonosov has been commissioned, and Bilibinskaya nuclear power plant. The necessity to implement the project is driven high wear and tear of the existing power lines and decommissioning of Bilibinskaya nuclear power plant. In addition, a number of mining projects requiring reliable electriiciity supply are currently under way in Chaun-Bilibino power complex.

The Group is also engaged in the four projects under the governmental program on modernization of thermal power of the Russian Federation with guaranteed return on investment – construction of Khabarovskaya CHPP-4, Artemovskaya CHPP-2, second phase of Yakutskaya GRES-2 and modernization of Vladivostokskaya CHPP-2. The technical documentation and engineering studies for Khabarovskaya CHPP-4 have been approved by the Russian Federation’s State Expert Evaluation Department. The documentation for the second phase of Yakutskaya GRES-2 has been submitted to the authority already, while the documentation for construction of Artemovskaya CHPP-2 and modernization of Vladivostokskaya CHPP-2 will be submitted in the current year.

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index


Site Map
Privacy Statement | Disclaimer