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RusHydro

December 28, 2018

Results of the Board of Directors Meeting on December 25, 2018

December 28, 2018. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on December 25, 2018.

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The Board of Directors approved business plan (including investment program) of PJSC RusHydro for 2019 and consolidated business-plan (including consolidated investment program) of RusHydro Group for 2019-2023, as well as took note of the business plan for 2020-2023.

Investment program of RusHydro Group for 2019-2023 provides for commissioning of approximately 1.4 GW of new electric capacity, 565 Gcal/h of heat capacity, construction and modernization of more than 130 kilometers of heat transmission lines and more than 7,600 of electric transmission lines. During 2019-2023, RusHydro Group is planning commissioning of facilities, including Sakhalinskaya Gres-2, CHP in Sovetskaya Gavaní, completion of Ustí-Srednekanskaya HPP, Nizhne-Bureskaya HPP, Zaramagskaya HPP-1 as well as a number of small HPPs: Barsuchkovskaya,  Verkhne-Balkarskaya, Krasnogorskaya HPP-1 and HPP-2, first phase of two single-circuit 110 kV electric lines Pevek-Bilibino and others. The total funding of the investment program, including priority projects in the Far East, amounts to RUB 382.9 bn (incl. VAT). The investment program is balanced from the point of view of financing sources.  

Investment program of PJSC RusHydro for 2019-2023 provides for financing of technical rehabilitation and modernization of operating facilities, aimed at improved safety and technical reliability, in the amount of RUB 132.2 bn (incl. VAT). During the five years, the program will enable commissioning of 163.7 MW of additional capacity without construction of new generation facilities.

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The Board of Directors approved and decided to put in place since 01.01.2019 the list and values of KPIs of members of the Management Board for 2019, KPIs of long-term    incentive plan of PJSC RusHydro for the third term for 2019-2021. In addition, the Board of Directors approved adjustment of KPIs of long-term incentive program of PJSC RusHydro for the first and second terms.





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