August
9, 2018. 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 07, 2018.
Key highlights:
Yury Trutnev re-elected as Chairman of
the Board of Directors;
The Board of Directors elected all of the
committees and chairmen;
The Board of Directors approved new
edition of RusHydro’s Environmental policy.
The Board of Directors approved signing
of Supplementary Agreement to the Budget Investment Agreement in
regards to construction of TPP in Sovetskaya Gavan’ and
Stage 1 of Sakhalinskaya GRES-2;
The Board of Directors approved Import
substitution roadmap.
***
The Board of Directors re-elected Deputy Chairman
of the Government of the Russian Federation – Plenipotentiary
Representative of the President in the Far Eastern Federal District
Yury Trutnev as its Chairman.
***
The Board of Directors elected Sergey Ivanov as
Deputy Chairman of the Board of Directors of RusHydro.
***
The Board of Directors elected following members
to the Audit Committee:
Maksim Bystrov
|
Member of the Board of Directors of RusHydro,
Chairman of the Management Board of NP Market
Council
|
Sergey Ivanov
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Member of the Board of Directors of RusHydro
|
Vyacheslav Pivovarov
|
Member of the Board of Directors of RusHydro,
President of Altera Capital LLC
|
The Board of Directors took into consideration
information that all members of the Audit Committee have relevant
experience and knowledge in the field of preparation, analysis,
assessment, and audit of financial statements.
The Board of Directors elected Sergey Ivanov as
Chairman of the Audit Committee.
***
The Board of Directors elected following members
to Nominations and Compensation Committee:
Vyacheslav Pivovarov
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Member of the Board of Directors of RusHydro, President of Altera
Capital LLC
|
Sergey Ivanov
|
Member of the Board of Directors of RusHydro
|
Maksim Bystrov
|
Member of the Board of Directors of RusHydro,
Chairman of the Management Board of NP Market
Council
|
The Board of Directors elected Vyacheslav
Pivovarov as Chairman of the Nominations and Compensation Committee.
***
The Board of Directors determined the size of the
Strategy Committee as 14 persons and elected following members to the
Committee:
Pavel Grachev
|
Member of the Board of Directors of RusHydro, President of PJSC
Polyus
|
Sergey Ivanov
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Member of the Board of Directors of RusHydro
|
Vyacheslav Pivovarov
|
Member of the Board of Directors of RusHydro, President of Altera
Capital LLC
|
Nikolay Rogalev
|
Member of the Board of Directors of RusHydro,
Rector, National Research University Moscow
Power Engineering Institute
|
Sergey Shishin
|
Member of the Board of Directors of RusHydro, Senior Vice
President of VTB Bank (PJSC)
|
Aleksander Bogashov
|
Head of the Department for Corporate Governance, Pricing
Environment, and Audit in the Fuel and Energy Sector of the
Ministry of Energy of the Russian Federation
|
Dmitriy Denisov
|
Advisor to the Minister of Economic Development of the Russian
Federation
|
Igor Zadvornov
|
Head of the Secretariat of the Deputy Prime Minister of the
Russian Federation – Plenipotentiary Representative of the
President in the Far Eastern Federal District Yury Trutnev
|
Andrey Kazachenkov
|
Member of the Management Board, First Deputy General Director of
RusHydro
|
Boris Livshits
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Deputy Head of the Competitive Pricing Department at NP Market
Council
|
Vasiliy Nikonov
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Director of Energy Department of Rosneft
|
Yevgeniy Olkhovich
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Deputy General Director for Strategic Development of PJSC Rosseti
|
George Rizhinashvili
|
Member of the Management Board, First Deputy General Director of
RusHydro
|
Pavel Snikkars
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Director of the Department of Electric Power Development of the
Ministry of Energy of the Russian Federation
|
The Board of Directors elected Igor Zadvornov as
Chairman of the Strategy Committee.
***
The Board of Directors elected following members
to Investment Committee:
Maksim Bystrov
|
Member of the Board of Directors of RusHydro,
Chairman of the Management Board of NP Market
Council
|
Sergey Ivanov
|
Member of the Board of Directors of RusHydro
|
Vyacheslav Pivovarov
|
Member of the Board of Directors of RusHydro,
President of Altera Capital LLC
|
Nikolay Rogalev
|
Member of the Board of Directors of RusHydro,
Rector of the National Research University
Moscow Power Engineering Institute
|
Mikhail Bychko
|
Director of the Capital Construction Department of PJSC Rosseti
|
Andrey Gabov
|
Acting Deputy Director of the Department for the State Regulation
of Tariffs, Infrastructure Reforms, and Energy Efficiency of the
Ministry of Economic Development of the Russian Federation
|
Sergey Zhuravlyov
|
Vice President for Governmental Affairs at Management Company LLC
Polyus
|
Denis Milyutin
|
Head of the Fuel and Power Resources Cost Control Office of the
Energy Department of Rosneft
|
Pavel Snikkars
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Director of the Department of Electric Power Development of the
Ministry of Energy of the Russian Federation
|
Andrey Kazachenkov
|
Member of the Management Board, First Deputy General Director of
RusHydro
|
Sergey Kirov
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Member of the Management Board, First Deputy General Director of
RusHydro
|
Viktor Khmarin
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Deputy General Director for Resources and Prospective Development
|
***
The Board of Directors elected Maksim Bystrov as
Chairman of the Investment Committee.
***
The Board of Directors elected following members
to the Committee for Far East Energy Development:
Yuriy Trutnev
|
Deputy Prime Minister of the Russian Federation –
Plenipotentiary Representative of the President in the Far Eastern
Federal District
|
Pavel Grachev
|
Member of the Board of Directors of RusHydro, President, PJSC
Polyus
|
Vyacheslav Kravchenko
|
Member of the Board of Directors of RusHydro, Deputy Minister of
Energy of the Russian Federation
|
Sergey Vasilyev
|
Deputy General Director – Director of the Far East Division
|
Igor Zadvornov
|
Head of the Secretariat of the Deputy Prime Minister of the
Russian Federation – Plenipotentiary Representative of the
President in the Far Eastern Federal District Yury Trutnev
|
Andrey Kazachenkov
|
Member of the Management Board, First Deputy General Director of
RusHydro
|
Denis Konstantinov
|
Acting Head of Electrical Energy Industry and Energy Efficiency
Development Office of the Department for the State Regulation of
Tariffs, Infrastructure Reforms, and Energy Efficiency of the
Ministry of Economic Development of the Russian Federation
|
Denis Pileniyeks
|
Deputy Director for Unified Energy System Development at JSC SO
UES
|
Aleksandr Pyatigor
|
Acting Deputy General Director of PJSC Rosseti for Service
Development and Implementation
|
Aleksey Mol’sky
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Deputy Chairman of the Management Board of JSC FGC UES
|
Vladimir Tupikin
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Deputy Chairman of the Management Board, NP Market Council
|
Sergey Tyrtsev
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Advisor to the Minister of Russian Far East Development
|
Aleksey Chekunkov
|
General Director of JSC Far East and Baikal Region Development
Fund
|
The Board of Directors elected Yury Trutnev as
Chairman of the Committee for Far East Energy Development.
***
The Board of Directors determined the size of the
Reliability, Energy Efficiency, and Innovations Committee as 11
persons and elected the following persons to the Committee:
Nikolay Rogalev
|
Member of the Board of Directors of RusHydro,
Rector of the National Research University
Moscow Power Engineering Institute
|
Vyacheslav Kravchenko
|
Member of the Board of Directors of RusHydro,
Deputy Minister of Energy of the Russian
Federation
|
Oleg Barkin
|
Member of the Management Board – Deputy Chairman of the
Management Board of NP Market Council.
|
Boris Bogush
|
Member of the Management Board, First Deputy General Director –
Chief Engineer of RusHydro
|
Yuriy Vishnevskiy
|
Deputy Director for Unified Energy System Regime at JSC SO UES
|
Viktor Gvozdev
|
Deputy Chief Engineer of RusHydro
|
Dmitry Gvozdev
|
Chief Engineer of PJSC Rosseti
|
Sergey Zhuravlyov
|
Vice President for Governmental Affairs at Management Company
Polyus LLC
|
George Rizhinashvili
|
Member of the Management Board, First Deputy General Director of
RusHydro
|
Mikhail Fedorov
|
President of Peter the Great Saint Petersburg
Polytechnic University, Bureau Chairman of the Scientific and
Technical Council of RusHydro
|
Kirill Frolov
|
Deputy General Director for Research and Development of RusHydro
|
The Board of Directors elected Nikolay Rogalev as
Chairman of the Reliability, Energy Efficiency, and Innovations
Committee.
***
The Board of Directors recognized adequacy of the
current composition of committees and absence of a need in additional
committees.
***
The Board of Directors approved its working plan
for 2H 2018.
***
The Board of Directors approved new addition of
Environmental Policy of the RusHydro Group and determined that
earlier version of RusHydro's Environmental Policy (approved by the
Board of Directors of RusHydro on April 7, 2016, Minutes No. 235
dated April 8, 2016) to be null and void.
The new Environmental Policy sets targets for 2025
against 2015 as the baseline year. The policy provides for
increase in installed low-carbon generating capacity, reduction of
greenhouse gases (GHG) emissions both in absolute terms and in terms
of GHG intensity, protection of biodiversity. Thus, 632,3 MW of
installed low-carbon generating capacity will be added by 2025, GHG
intensity of electricity generation will be reduced by 7.7% and GHG
intensity of heat generation reduced by 6.4%.
In October 2017, public hearings of the
Environmental Policy took place, featuring representatives of
WWF-Russia, RSPP, UC RUSAL, JSC Eurosibenergo, PJSC Rosseti,
Lomonosov Moscow State University etc. It is noteworthy that
compliance with the Environmental Policy will become mandatory for
RusHydro’s contractors as well.
***
The Board of Directors approved signing of
Supplementary Agreement No. 5 (the "Supplementary Agreement")
to Budget Investment Agreement No. 01-08/827 dated December 18, 2012
in accordance with obtained expert opinion of the Main Department of
State Expertise (Glavgosekspertiza of Russia) on construction of the
thermal power plant in Sovetskaya Gavan’ and Sakhalinskaya GRES-2
(stage 1)
***
The Board of Directors approved Import
Substitution Road Map until 2025 and measures aimed at staged
substitution of procurement of foreign products (works, services)
with procurement of Russian products (works, services) with
equivalent technical characteristics and consumer properties.
***
The Board of Directors approved concurrent
positions of Andrey Valentinovich Kazachenkov, member of the
Management Board, First Deputy General Director of RusHydro, as a
member of the Board of Directors of JSC Far East Energy Management
Company and member of the Board of Directors of JSC NPF
LUKOIL-GARANT.
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