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Social responsibility and corporate sustainability report 2015
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2015 Key Events

JANUARY

  • The Company completed the first stage of technical re-equipment of 220 kV Sovetsko-Sosninskaya substation which is a part of the facility that supplies electricity to oil producing companies in the north of Tomsk Oblast.

FEBRUARY

  • Federal Grid Company was put on a list of systemically important Russian organisations approved by the Government of the Russian Federation. The list includes 199 companies that account for more than 70% of GDP and employ more than 20% of the total workforce in the national economy.
  • We commissioned a 362-kilometre 500 kV line Rostovskaya NPP – Tikhoretskaya (chain 2) to deliver 1 GW from the third power unit of Rostovskaya NPP to the Kuban energy system. The Company invested RUB8.6 billion in this project.
  • The Chairman of the Management Board of Federal grid Company, Andrey Murov, and the Governor of Krasnodar Krai, Alexander Tkachev, signed a cooperative agreement about the development of the regional energy complex through 2020.

MARCH

  • The Company energised a new 330 kV electricity transmission line Nalchik – Vladikavkaz-2 in the North Caucasus Federal District. The new PTL (140.5 kilometres) will increase the capacity of the 330 kV grid by 250 MVA and optimise the transit of electricity to the Republic of Dagestan.
  • Within the partner agreement with Professional Football Club CSKA (PFC CSKA) the Company arranged a football master class at the National Research University Moscow Power Engineering Institute (MPEI).
  • The Company completed the construction of electric grid facilities for the delivery of capacity from the 4th power unit of Cherepovets HPP. Additional capacity of 420 MVA will open up new opportunities for economic development of Vologda Oblast, and supply power to the new industrial, residential and social facilities in Cherepovets City.
  • Federal Grid Company joined the Anti-Corruption Charter of the Russian Business.
  • The Company and JSC Russian Railways (RZD) signed a long-term agreement about strategic co-operation in the field of coordination of perspective development of electric grid and railway facilities including an upgrade of the railway and energy infrastructure of the Baikal-Amur and Transsiberian railways.
  • The Company took part in a worldwide event Earth Hour.
  • The Company held the fourth meeting of its Consumer Council that discussed the key provisions of the Long- Term Development Programme for 2015–2019 with forecasts until 2030, which had been approved by the Government.

APRIL

  • Cable and overhead lines 500 kV from the South Ural HPP-2 to Troitsk HPP and substation Shagol were connected to the transit system. The new lines deliver capacity to the energy districts in Chelyabinsk Oblast that have shortage of energy and where many industrial enterprises are located.
  • The Company commissioned a new substation 330 kV Ilienko for enhancing reliable power supply to Stavropol Krai in the Caucasian Mineral Waters resort area and raising the level of economic development in the region.
  • Andrey Murov, Chairman of the Management Board, and Rustam Minnikhanov, Acting President of the Republic of Tatarstan, held a working meeting. They summarised the preliminary results of the autumn/ winter season, outlined stages of co-operation toward improvement of quality and reliability of electric power supply to the customers, and discussed the prospects of co-operation in import substitution between Federal Grid Company and producers of electrical equipment that operate in the republic.
  • Federal Grid Company successfully went through the 2014–2015 autumn/winter period. The action plan implemented as part of its investment programme and the 2014 repairs season helped to reduce the total accident rate in UNEG and ensure reliable power supply to customers.

MAY

  • A competition of drawings “The Energy of Victory” was held among children of Federal Grid Company’s employees. More than 450 children participated.
  • War veterans participated in special ceremonies and events that the Ministry of Energy held to celebrate the 70th anniversary of victory in the Great Patriotic War. Federal Grid Company sent gifts and best wishes to the war veterans.
  • Competitions of professional mastery dedicated to the 70th anniversary of Victory in the Great Patriotic War were held. The winners were recommended for awards by the Ministry of Energy.
  • The Company’s volleyball and indoor soccer teams participated in competitions for the “Energy of the Great Victory” cup.
  • The Company organised a 70-kilometer bike ride dedicated to the 70th anniversary of victory in the Great Patriotic War. The bike ride commemorating heroes of the Great Patriotic War was held in the cities of the Caucasian Mineral Waters. The participants visited the only memorial site dedicated to heroic deeds of power engineers during and after the war.
  • A traditional annual Day of Federal Grid Company was organised, involving more than 1,500 students from 40 higher education institutions and 8 specialised secondary schools.

JUNE

  • Andrey Murov, Chairman of the Management Board, visited Tytärsaari Island (one of the outer islands in the Gulf of Finland). The visit was part of the project “Gogland Complex Expedition” which Federal Grid Company has been supporting since 2014. Andrey Murov saw unique historical artefacts and military equipment, and met with the members of the “Search Movement of Russia.”
  • A traditional annual Day of Federal Grid Company was organised in all branches and enterprises for children of the Company’s employees. More than 1,500 children attended and learned how equipment operates and what the main production processes are.
  • Georgy Poltavchenko, Governor of St. Petersburg, and Andrey Murov, Chairman of the Management Board, held a working meeting. They discussed co-operation in implementation of actions targeted at ensuring reliable operations and the development of the trunk electric grid complex.
  • A delegation of Federal Grid Company took part in the 2015 St. Petersburg International Economic Forum. Andrey Murov, Chairman of the Management Board, spoke at a panel session “Russian Regions: Creation and Development of Growth Points.”
  • Andrey Murov, Chairman of the Management Board, took part in the opening of a unique exhibition “War Geography: De-Classification” held in the Central Army Museum of the Russian Federation. The exhibition was organised by the Russian Geographic Society and the Ministry of Defence. It is part of the project “Gogland Complex Expedition” with support from Federal Grid Company.
  • A traditional annual Day of Federal Grid Company was organised in all branches and enterprises for children of the Company’s employees. More than 1,500 children attended and learned how equipment operates and what the main production processes are.
  • Georgy Poltavchenko, Governor of St. Petersburg, and Andrey Murov, Chairman of the Management Board, held a working meeting. They discussed co-operation in implementation of actions targeted at ensuring reliable operations and the development of the trunk electric grid complex.
  • A delegation of Federal Grid Company took part in the 2015 St. Petersburg International Economic Forum. Andrey Murov, Chairman of the Management Board, spoke at a panel session “Russian Regions: Creation and Development of Growth Points.”
  • Andrey Murov, Chairman of the Management Board, took part in the opening of a unique exhibition “War Geography: De-Classification” held in the Central Army Museum of the Russian Federation. The exhibition was organised by the Russian Geographic Society and the Ministry of Defence. It is part of the project “Gogland Complex Expedition” with support from Federal Grid Company.

JULY

  • Andrey Murov, Chairman of the Management Board, visited the National Research University Moscow Power Engineering Institute (MPEI) that had celebrated its 85th anniversary. He met with MPEI Principal Nikolay Rogalev and discussed with him the development of co-operation under the new multi-level agreement signed in late 2014.
  • Federal Grid Company’s student construction teams began their summer construction season at the energy facilities that the Company is building in Krasnodar Krai – substation 500 kV Taman and Kubanskaya-Taman electricity transmission line.
  • Federal Grid Company connected several residential housing compounds to the Unified National Electric Grid. Technological connection works were conducted in the Russian Far East, Siberia and the Central Federal District. Commissioned compounds as well as those under construction were connected to UNEG. One of the largest in terms of connected capacity was technological connection of “Emerald Hills” residential compound (5,700 flats) which is being built in the Moscow Oblast. The customer received 27.5 MW of electric capacity.
  • Andrey Murov, Chairman of the Management Board, met with Ildar Khalikov, Prime Minister of Tatarstan. They discussed operations of the regional electric grids and signed a cooperative agreement.
  • Power transit 500 kV via the Kurgan – Vityaz – Voskhod connection was commissioned in order to ensure energy safety of Russia. The new transit line (631 kilometres) connected the unified energy systems of Siberia and Ural on the Russian territory.

AUGUST

  • The Company completed implementation of an environmental management system consistent with the international standard ISO 14001:2004 in all its branches.
  • The Company completed technological connection of the third power unit of Berezovskaya HPP to substation 1150 kV Itatskaya in Krasnoyarsk Krai. As a result, the Integrated Energy System of Siberia will additionally receive 800 MVA of electric power capacity.

SEPTEMBER

  • Federal Grid Company took part in the 2015 Eastern Economic Forum as a partner. The Chairman of the Management Board, Andrey Murov, told about the projects that are scheduled for implementation in the region until 2020, and synchronisation of plans to build electric power infrastructure with the customers in Siberia and the Russian Far East.
  • The Chairman of the Management Board, Andrey Murov, was elected as Chairman of the Russian National Committee of CIGRE (the Council for Large Electric Systems), the leading international organisation in the global electricity industry.
  • Federal Grid Company’s executives met with the representatives of the largest investment banks and companies. The executives commented on the financial results for the first six months of 2015 and described medium-term plans.
  • Andrey Murov, Chairman of the Management Board, met with the executive team of Togliatti Transformers and discussed supplies of high voltage equipment.
  • Federal Grid Company and JSC Russian Railways met to discuss implementation of the project for modernisation of the Eastern Poligone railways with respect to priority electrification actions. The parties also discussed prospects for electrification of the Moscow – Kazan – Yekaterinburg high-speed railway. They signed an agreement on co-operation under joint projects to develop railway and power supply infrastructure.

OCTOBER

  • The project “Gogland Complex Expedition” which is held with support from Federal Grid Company was presented at the Second Festival of the Russian Geographic Society in the Central House of Artists.
  • Federal Grid Company’s delegation took part in the Sochi-2015 International Investment Forum to discuss issues pertaining to the infrastructure support of social and economic development of the southern Russian regions.
  • The Tenth Conference of Young Specialists “Dispatch and Management in the Electric Power Industry” was held with support from Federal Grid Company in Kazan State University of Power Engineering.

NOVEMBER

  • Federal Grid Company took part in the opening of the Sixth International Conference “Electric Power Industry through the Eyes of the Young People” in Ivanovo State University of Power Engineering.
  • Andrey Murov, Chairman of the Management Board, held a working meeting in the Government of Bashkortostan with the heads of the regional electric grid companies. The meeting focused on the interaction between the regional power system and the Unified National Electric Grid.
  • Andrey Murov, Chairman of the Management Board, took part in the meeting of BRICS ministers of energy that was held during the ENES 2015 International Forum in Moscow.
  • Federal Grid Company, together with JSC R&D Centre of FGC UES, held the Fifth Open Chess Tournament in memory of Mikhail Botvinnik, a great chess player and outstanding electrical engineer.

DECEMBER

  • Federal Grid Company held a round table session “Import Substitution: Boundaries of Energy Safety” as part of the exhibition “Russia’s Electric Grids in 2015” in Moscow.
  • Leading research and engineering partners of R&D subcommittees of the Russian National CIGRE Committee held a working meeting chaired by Andrey Murov, Chairman of the Management Board of Federal Grid Company. Representatives of the Company’s core subsidiaries, non-profit partnership Market Council, JSC SO UES and largest producers of equipment for the electric power industry.
  • The consistency of Federal Grid Company’s environmental management system with the international standard ISO 14001:2004 was certified.
  • Federal Grid Company signed an agreement with the Russian Chess Federation whereby the Company will be the general sponsor of the Russian national chess teams.
  • The Company organised traditional celebrations for war veterans dedicated to the Victory Day and the Power Engineers’ Day.
  • The Company commissioned a new 330 kV substation Parnas in St. Petersburg. The substation will supply electricity to Parnas industrial zone, thus enhancing reliability of power supply to the customers and connecting new residential compounds in Vyborg District to the electricity transmission lines.
  • The Ministry of Energy approved adjustments to Federal Grid Company’s investment programme for 2015 and 2016–2020. The amounts of debt will not exceed the targeted levels. The programmes will be financed largely by the Company’s own funds with regard of tariff decisions and the approved fee for technological connection.

2015 outcomes: all key indicators improved for the third year in succession

The number of accidents reduced by 17.3%. The Company received a certificate of readiness for operation during the 2015–2016 autumn/winter periods without any critical comments and separate opinion of the Commission. The preliminary outcomes of the autumn/winter period indicate higher reliability of the trunk grids as compared to the previous period.

The investment programme was implemented in full and on time.

The Company met the investment cost reduction targets relative to the 2012 levels ahead of schedule: by almost 26% for overhead lines and by 36% for substations (the target is 15%) The unit operational costs were reduced by 40% relative to the 2012 reference year.

Net profit under RAS increased by 3.5 times to RUB17.9 billion, and to RUB44 billion under IFRS as compared to negative values in the previous periods; revenues from technological connection increased by twofold.

Key Priorities of Federal Grid Company for 2016

  • The key vector for the Company remains the improvement of operational effectiveness (i.e. reliability, quality of repairs) and financial efficiency
  • The key objective has traditionally been reliable operation and development of the network. All strategic facilities must be commissioned on time
  • The Company should become a customer-oriented entity to the utmost extent, i.e. ensure high quality and pricing attractiveness of electricity transmission and technological connection services
  • The unquestionable priority is cost optimisation of operations and investments, as well as profit growth
  • Given the labour productivity targets, it would be important for the Company to enhance employee loyalty, provide good remuneration, and implement skills and development measures

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