RusHydro Holds an Annual General Meeting of Shareholders

Today, RusHydro holds the Annual General Meeting of Shareholders (AGM) in absentia.

The agenda of the meeting consists of 13 issues, including approval of the Annual Report and Financial Statements, distribution of the company's profit based on the results of 2021, approval of the amount of dividends, the terms of their payment, etc. The AGM materials can be found on the RusHydro corporate website.

The total amount of dividends for 2021 may amount to 23.3 billion rubles at the rate of 0.05304937 rubles per share. The amount of dividend payments submitted to shareholders for approval is determined at the level of the previous year, when the company paid record-breaking dividends.

The Annual Report proposed for approval by the AGM contains detailed information on the company's production and financial results for 2021. Like a year earlier, the Report is integrated and includes information on corporate social responsibility and sustainable development.

The power generation by the power plants of the RusHydro Group, taking into account the Boguchanskaya HPP, in 2021 amounted to 143.8 billion kWh, the installed capacity of the generation facilities reached 38.2 GW, an increase by 100 MW. Two hydroelectric power plants – Sayano-Shushenskaya and Zeiskaya – set historical records for annual electric power generation: 29.4 billion kWh and 7.7 billion kWh, respectively.

RusHydro again demonstrated strong financial results. Based on the results of 2021, the Group's EBITDA increased by 1.6% to 122.2 billion rubles, according to the International Financial Reporting Standards. Total revenue increased by 7.1% to 460.1 billion rubles. Net profit amounted to 42.1 billion rubles, adjusted for non-monetary items net profit was 78.4 billion rubles (+16.9%). EBITDA margin reached 26.6%.

In 2021, the construction of Ust-Srednekanskaya HPP in the Magadan Region continued, with its capacity increased to 427.5 MW. RusHydro kept on constructing small-HPPы that passed the tender for RES CDA: Krasnogorskiye – in Karachay-Cherkessia, started construction of Cherekskaya – in Kabardino-Balkaria, Bashennaya – in Chechnya, and also designed Verkhnebaksanskaya, Nikhaloyskaya and Mogokhskaya.

The first autonomous renewable energy complex, built on the basis of an energy service contract, was put into operation in the Verkhoyansky District of the Republic of Sakha (Yakutia). Similar energy complexes will be built in 72 settlements in Yakutia and in 7 settlements in Kamchatka. At the same time, the total capacity of new diesel power plants will exceed 90 MW, the capacity of RES power plants will be about 30 MW. All works are planned to be completed in 2023-2024.

Construction of Pevek-Bilibino overhead power line in Chukotka, under extreme natural and climatic conditions, is actively underway. It will replace the worn-out existing power transmission line and increase the reliability of power supply to consumers of the Chaun-Bilibino load node.

The Group has strengthened its ESG profile. Thus, in April, the transfer of Anadyrskaya CHPP from coal to gas was completed, which increased the efficiency of the power plant and significantly reduced the impact on the environment. Gasification of Nikolaevskaya CHPP started, and one more boiler has been switched to the “blue flame gas” at Vladivostokskaya CHPP-2. In November, RusHydro became the absolute leader among the largest Russian generating companies in the first ESG transparency rating of Expert RA.

In the Far East of Russia, within the framework of the state program for modernization of the Russian thermal power industry, preparations for the construction and reconstruction of heat generation facilities were carried out at a faster pace. In particular, work started on the construction sites of Khabarovskaya CHPP-4 and Yakutskaya GRES-2, as well as of Neryungrinskaya GRES. Natural gas was selected as the fuel for at least four out of six facilities, which meets the goals of decarbonizing the economy.

In 2021, RusHydro replaced and reconstructed nine hydroelectric units with a total capacity of 835 MW at six hydro power plants. In particular, the replacement of all hydro turbines of Volzhskaya HPP, the largest HPP in Europe, was completed. Over the entire period of implementation of the Program, which turned 10 years old in December, the increase in the installed capacity of HPP amounted to 465 MW.

The network of fast electric charging stations of RusHydro more than doubled in 2021 — by the end of the year, 52 stations had already been installed in seven regions of the Far Eastern Federal District, and preparations for the “Silk Road” program implementation have begun, under which the RusHydro electric charging stations will connect Moscow and Vladivostok. RusHydro's electric charging network connected the capital of Primorye with Nakhodka, the third largest city of the Primorsky Krai. Together with Sollers Group, a project for the development of electric vehicle carsharing was launched in Vladivostok.

Since July 1, 2021, the Far-Eastern Energy Company assumed energy sales functions in the area of activity of Yakutskenergo, becoming the largest energy sales company in Russia in terms of operation area.

Within the framework of the project for the development of industrial tourism in Russia, RusHydro opened two hydro power plants for visits by organized groups: Sayano-Shushenskaya, the largest in Russia, and Chirkeyskaya, the most powerful in the Caucasus.