Key events of 2016

  • The Russian Institute of Directors confirmed the corporate governance rating of PJSC RusHydro – Level 8 “Good Corporate Governance Practices”
  • The Board of Directors of PJSC RusHydro approved a new version of the Environmental Policy of PJSC RusHydro
  • Builders of Nizhne-Bureyskaya HPP dammed the river Bureya
  • The Board of Directors of PJSC RusHydro approved the Development Strategy of the RusHydro Group for the period up to 2020 with a perspective up to 2025
  • The heads of RusHydro and Voith Hydro laid a symbolic stone in the foundation of a new factory in the city of Balakovo
  • Annual General Meeting of Shareholders of PJSC RusHydro approved a record dividend (for 2015) – 15.01 billion rubles
  • RusHydro Group completed the forced redemption of RAO ES EAST shares. Now up to 100 % of the RAO ES EAST shares are on the RusHydro Group balance sheet
  • RusHydro completes the deal to sell the dams of the Angarsk cascade to the EuroSibEnergo Group
  • President of the Russian Federation V. V. Putin approved implementation of measures to refinancing of debt of the enterprises of the RAO ES EAST Holding by raising 55 billion rubles equity capital from Bank VTB (PJSC)
  • RusHydro sold to “Inter RAO” Group a block of shares of the Energy Retail Company of Bashkortostan
  • Zaragizhskaya HPP was commissioned in Kabardino-Balkaria
  • Zelenchukskaya HPP-PSPP was launched in Karachay-Cherkessia
  • The Bank of Russia completed the state registration of an additional issue of 40,429,000,000 ordinary shares of RusHydro for the purpose of refinancing the debt of the enterprises of the RAO ES EAST Holding.

Events after report date (January – APRIL 2017)

  • PJSC RusHydro was included into the new FTSE2
  • After the five years of Complex Modernization program implementation the overall capacity of HPPs increased by 267 MW as a result of the installation of more efficient hydroelectric generators
  • V. I. Markin was appointed as a Member of the Management Board, First Deputy CEO of PJSC RusHydro
  • VTB (PJSC) and PJSC RusHydro signed an agreement on the provision of 55 billion rubles equity finance. The raised funds were fully directed to pay off the debt load of the Far Eastern operating companies. PJSC RusHydro and VTB (PJSC) signed a non-deliverable forward contract for shares of PJSC RusHydro for a 5-year period
  • The International Rating Agency S & P Global Ratings has raised the long-term credit rating of PJSC RusHydro on the international scale to the sovereign level «BB +» (outlook «Positive») and on the national scale to the level of «ruAA +»

In 2016, a number of important state decisions were adopted aimed at further development of the Far Eastern energy sector. In particular, the mechanism for refinancing debts of the enterprises of RAO ES East Holding was approved.