December 20, 2019 Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces completion of assets consolidation in Kamchatka. The restructuring included merging of JSC Geotherm and PJSC KamGEK with PJSC Kamchatenergo.

The restructuring has been implemented in two stages: the first stage included merging of geothermal assets into JSC Geotherm, while second stage envisaged merging of JSC Geotherm and PJSC KamGEK with PJSC Kamchatenergo.

Nikolai Shulginov, Chairman of the Management Board – General Director commented: ‘Assets consolidation allows to reduce operating costs, increase efficiency of investments and make energy supply in the region more reliable”.

Today, RusHydro Group is represented in the region by only two companies instead of nine earlier: PJSC Kamchatenergo and JSC YuESK (100% subsidiary of PJSC Kamchatenergo, responsible for energy supply to isolated communities of Kamchatka Peninsula).