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RusHydro

March 2, 2022

Results of the Board of Directors meeting on February 28, 2022

March 2, 2022, Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on February 28, 2022.

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The Board of Directors approved PJSC RusHydro’s business plan and investment program for 2022 as well as RusHydro Group’s consolidated business plan and consolidated investment program for 2022-2026 and took into consideration the Company’s business plan and investment program for 2023-2026.

The Group’s investment program for 2022-2026 includes commissioning over 2,700 MW and 2,900 GCal/h of new electric and heat capacity, respectively.

In accordance with the Comprehensive plan of modernization and expansion of trunk infrastructure approved by the Government of the Russian Federation, the investment program includes financing of the following projects: Khabarovskaya CHP-4, Artemovskaya CHP-2, second phase of Yakutskaya GRES-2 modernization of Vladivostokskaya CHP-2, 110 kV Pevek-Bilibino power lines (both phases) as well as expansion of Neryungrinskaya GRES and Partizanskaya GRES.

During 2022-2026 RusHydro Group plans to complete construction of the first phase of 110 kV Pevek-Bilibino power lines, finalize construction of Ust-Srednekanskaya HPP and a number of small HPPs (Krasnogorskaya 1 and 2, Cherekskaya and other).

PJSC RusHydro’s investment program for 2022-2026 includes financing of construction of new generating capacities, rehabilitation and modernization of existing hydropower facilities to improve their safety and reliability. In the course of five years, the Company will bring online 344.3 MW of additional electric capacity and 258 GCal/h of heat capacity excluding construction of new facilities.

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The Board of Directors approved the annual KPIs of the members of PJSC RusHydro’s Management Board for 2022 and the KPIs of PJSC RusHydro’s long-term motivation program as well as the new provision on PHSC RusHydro’s KPI system.




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