June 27, 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
June 25, 2018.
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The Board of Directors approved the report on
interim results of business plan execution for 2018, including the
actual results of the first quarter, of PJSC RusHydro (excluding
subsidiaries included in RusHydro Group), as well as the report on
execution of investment program and comprehensive modernization
program of generating facilities.
In the first quarter of 2018 PJSC RusHydro’s
electricity generation increased by 12.6% and reached 17.7 TWh.
Revenue increased by 45% and reached RUB 40 bn while EBITDA increased
by 11% to RUB 20.7 bn.
PJSC RusHydro’s electricity output was 15.5%
above plan in the first quarter.
Investment program and comprehensive modernization
program financing amounted to RUB 4.04 and RUB 2.61 bn, respectively.
The installed capacity of Novosibirskaya HPP
increased by 5 MW following rerating of the equipment in the scope of
comprehensive modernization program.
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The Board of Directors approved the report on
execution of PJSC RusHydro’s comprehensive procurement program for
the first quarter of 2018. The Company has carried out 833
procurement procedures in the first quarter, 99% in electronic
format.
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The Board of Directors approved the report on the
results of the committees for the period of 2017-2018:
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The Board of Directors also took into
consideration the update on progress status of three priority
projects in the Far East (Yakutskaya GRES-2 (1st phase), CHPP in
Sovetskaya Gavan’ and Sakhalinskaya GRES-2 (1st phase)) as of March
31, 2018.
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The Board of Directors approved signing the
agreement on transfer of the automobile bridge over the river Khussa
without compensation to Zelenchuksky Municipal District of
Karachay-Cherkessia. Having no effect on the Company’s operational
performance, the facility is classified as a none-core asset. It was
built during construction of Zelenchukskaya HPP and is now a part of
the public transportation infrastructure of the region.
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The Board of Directors approved the Provision on
the updated version of PJSC RusHydro’s business planning system.
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