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Annual Report 2015

2015 Events

Development Strategy; Investment Programme;
Corporate Governance; Sustainable Development
January February March

The first stage of technical re-equipment of 220 kV Soviet-Sosniskaya substation was completed as part of the facility supplying electricity to oil companies in the North of the Tomsk region.

The international credit agency Standard &Poor’s lowered the credit rating of Federal Grid Company to ‘BB+’ following its downgrade of the Russian Federation sovereign credit rating.

The Consumer Council discussed with the major consumers the main provisions of the Long-Term Development Programme of Federal Grid Company for the period of 2015–2019 approved by the Government of the Russian Federation.

Following the downgrade of the Russian Federation sovereign rating, the Federal Grid’s credit ratings according to the scales of two international credit agencies was subsequently lowered one notch to the sovereign level: to ‘BBB-‘ (Fitch Ratings) and ‘Ba1’ (Moody’s)..

Federal Grid Company joined the Anti-Corruption Charter of the Russian Business and was included in the Consolidated Register of the parties to the Charter.
April   May    June 

Federal Grid connected one of the isolated energy regions of Yamalo-Nenets Autonomous Okrug and several energy supply facilities of the Vankor Field to UNEG.

The Company completed the construction and reconstruction of more than 20 km of sections of 110–500 kV transmission lines for power delivery to Novovoronezh NPP-2.

A 330 kV Zelenchuk HPPCherkessk in Karachai- Cherkess Republic was energised – an energy facility of 56.3 km in length that provides power delivery of the Zelenchuk HPP to the energy system of the North Caucasus Federal District to support the economic development of the region.

The Company completed the preparation of UNEG to flood season of 2015.

The Annual General Meeting of Shareholders of Federal Grid Company resolved to approve the revised Articles of Association and several internal documents and to pay dividends for 2014 in the amount of RUB0.0006647883 per share for the total amount of RUB847.383 million.
July August September

415 km of fiber-optic network were commissioned in the area between the cities of Surgut and Noyabrsk – the final section of telecommunication networks Tyumen – Surgut – Nizhnevartovsk – Noyabrsk with total length over 2 thousand km, covering more than 50 of electric grid facilities in Western Siberia.

Implementation was completed of the environmental management system in accordance with the requirements of the international standard ISO 14001:2004 in all branches of Federal Grid Company, which has been carried out in stages since 2011: in the year, the system was implemented in Siberia, Western-Siberia, Ural and Volga branches.

The Ministry of Energy of the Russian Federation and the Russian National Committee of the International Council on Large Electric Systems (CIGRE) out for the strengthening of positions of national sectoral research abroad: the Head of Federal Grid, Andrey Murov, became a President of the Russian National Committee of CIGRE.

A 500 kV Kurgan-Vityaz- Voskhod transit line was commissioned connecting the IPS of Siberia and Ural through the Russian territory and thus strengthening the energy security of Russia.

A new 220 kV Blagoveschensk – Varvarovka transmission line in Amur Oblast was put into operation thus improving reliability of electricity supply to Blagoveschensk and its region.

The Company’s name JSC FGC UES was changed into PJSC FGC UES – Public Joint Stock Company “Federal Grid Company of Unified Energy System”.
October November December

The Company completed the total reconstruction of 330 kV Belgorod – Lebedi overhead transmission line passing through the territory of Belgorod Oblast and providing electricity supply to, among others, one of the largest local industrial enterprises – Lebedinsky GOK.

Preparation of main energy facilities to winter maximum loads of 2015–2016 was completed.

A new 330 kV Parnas substation was commissioned in Saint Petersburg providing electricity supply to the industrial area Parnas.

Federal Grid acquired a share in the capital of a newly set up Analytical Credit Rating Agency among the other founders – 27 Russian companies that are the leaders in banking, insurance, metallurgical and other industries.

The Russian Ministry of Energy approved adjustments of the Federal Grid’s Investment Programme for 2015 and an Investment Programme for 2016–2020.

The Federal Grid’s Project on energy saving aimed at improving energy efficiency of substations and reducing losses for own needs was recognised as one of the best at the International Forum ENES 2015 and awarded a Diploma of the Russian Ministry of Energy.

The Federal Grid’s environmental management system was certified for the compliance with the requirements of the international standard ISO 14001:2004: an independent audit was conducted during three months in the Executive Office and four branches – MES Ural, MES Siberia, MES Western-Siberia and MES Volga.

Events after the Reporting Date

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January February March

A meeting was held with the representatives of designers and manufacturers of electrical equipment of Chuvash Republic concerning development prospects of industrial and innovative potential of the region for the implementation of the import substitution programme.

The Company completed the construction of approaches of 220 kV transmission lines from Volgodonsk-2 distribution substation and Kotelnikovo to Rostov NPP, as well as reconstruction of the existing 220 kV transmission lines to Gorodskaya-2 substation and Volgodonsk-2 distribution substation.

The power transmission capacity was increased to 220 kV Proton substation delivering to the FSBI State Scientific Centre of the Institute of High Energy Physics in Protvino (Moscow oblast) to provide additional 8 MW for the reconstruction of U-70 proton accelerator, ranked among the ten largest accelerators in the world.

Federal Grid took part again in a worldwide event Earth Hour, in which lighting was turned off at a number of the Company’s facilities and administrative buildings throughout the country. The participation in the event did not affect the reliability of electricity supply to customers and security of the Federal Grid’s facilities.