Investment principles

RusHydro’s investments are governed by the Regulations on Managing Investing Activities Performed in the Form of Capital Investments.

Investment programs are approved by the Company’s Board of Directors and respective boards of directors in RusHydro Group’s subsidiaries, with the programs of electricity supplying subsidiaries additionally reviewed by the authorized government agencies. The draft investment programs of subsidiaries are based on the Group’s consolidated investment program, which is approved by the Management Board and presented to the Board of Directors of PJSC RusHydro. As far as electricity suppliers are concerned, the drafts are submitted to the authorized government agencies after being reviewed by the boards of directors in respective subsidiaries.

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