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    • Introduction
      • The chairman’s statement
      • General director’s statement
      • Key events of 2015
    • Interactive analysis
    • 1. About the company
      • 1.1. Сompany’s profile
      • 1.2. Organisational structure of PJSC RusHydro
      • 1.3. The RusHydro group structure
      • 1.4. Geography activities
      • 1.5. Awards 2015
    • 2. Strategic review
      • 2.1. The company’s strategy
      • 2.2. Risk management
      • 2.3. The financial performance
      • 2.4. Investments
      • 2.5. Innovative development
      • 2.6. The company on the securities market
    • 3. Business review
      • 3.1. Business model
      • 3.2. Electricity and capacity market overview
      • 3.3. Tariff regulation
      • 3.4. Operational results
      • 3.5. International cooperation
    • 4. Corporate governance
      • 4.1. Corporate governance system
      • 4.2. Governing bodies
      • 4.3. External and internal control
      • 4.4. Report on remuneration to the management and control authorities
      • 4.5. Business ethics and anti-corruption
    • 5. Sustainable development
      • 5.1. Sustainable development management
      • 5.2. Interaction with Stakeholders
      • 5.3. Personnel and social policy
      • 5.4. Safety and environmental protection
      • 5.5. Energy efficiency
      • 5.6. Charity
    • Management Viewpoint
    • Contacts
    • Glossary of key terms and abbreviations
    • Responsibility Statement
    • Download Annual Report in PDF
    • 2015 RusHydro Appendices Book

      Chapter 1
      About the company

      1.1. Company’s profile

      The company`s mission is to effectively utilize hydro resources, to create the conditionsrequired for the reliable performance of Russia’s Unified Energy System (UES) and to enhancethe usage of renewable energy sources (RES) for the benefit of shareholders and society.

      RusHydro is one of the largest Russian utility holding companies. The Company is a leader in energy production based on renewable sources and combines heat and power plants in the Far East.

      1.2. Organisational structure of pjsc rushydro

      Organisational structure of PJSC RusHydro consists of the executive office of the Company and 19 subsidiaries:

      1) PJSC RusHydro’s branch

      Bureyskaya HPP

      2) PJSC RusHydro’s branch

      Volzhskaya HPP

      3) PJSC RusHydro’s branch

      Votkinskaya HPP

      4) PJSC RusHydro’s branch

      Dagestan branch

      5) PJSC RusHydro’s branch

      Zhigulevskaya HPP

      6) PJSC RusHydro’s branch

      Zagorskaya PSPP

      7) PJSC RusHydro’s branch

      Zeyskaya HPP

      8) PJSC RusHydro’s branch

      Kamskaya HPP

      9) PJSC RusHydro’s branch

      Cascade of Kubanskiye HPP

      10) PJSC RusHydro’s branch

      Karachay-Cherkessia
      branch

      11) PJSC RusHydro’s branch

      Kabardino-Balkarian
      branch

      12) PJSC RusHydro’s branch

      Sayano-Shushenskaya HPP named after PS Neporozhny

      13) Филиал ПАО «РусГидро»

      Corporate University
      of Hydropower

      14) PJSC RusHydro’s branch

      Nizhegorodskaya
      HPP

      15) PJSC RusHydro’s branch

      Saratovskaya
      HPP

      16) PJSC RusHydro’s branch

      Cascade Verkhnevolzhskih
      HPP

      17) PJSC RusHydro’s branch

      North Ossetian
      branch

      18) PJSC RusHydro’s branch

      Novosibirskaya
      HPP

      19) PJSC RusHydro’s branch

      Cheboksarskaya HPP

      1.3. THE RUSHYDRO GROUP STRUCTURE*

      GENERATION

      JSK Kolymaenergo (98,76%)

      JSK Geoterm (99,65%)

      JSK KamHEK (96,58%)

      JSK Verkhne-Mutnovskaya GeoPP (100%)

      JSK Pauzhetskaya GeoPP (100%)

      JSK MEK (90%)

      CJSC Boguchanskaya HPP (96,67%)

      CJSC Blagoveshchenskaya CHPP (100%)**

      SUPPLY

      JSC Sibenergosbyt (100%)

      JSC Krasnoyarskenergosbyt (65,8%)

      JSC RESK (90,52%)

      JSC Chuvashskaya Power Suooly Company (100%)

      LLC Power Suooly Company of Bashkortostan (100%)

      CONSTRUCTION

      CJCS Sakhalinskaya SDPP-2 (100%)**

      CJCS CHPP in Sovetskaya Gavan (100%)**

      CJCS Yakutskaya SDPP-2 (100%)**

      LLC SHPP of Stavropol Region and KCR (100%)

      JSC Leningradskaya PSHPP (100%)

      LCC Verkhnebalkarskaya SHPP (100%)

      JSC Small HPPs of Altay (100%)

      JSC Zagorskaya PSHPP-2 (100%)

      JSC Renewable Energy Engineering Center (100%)

      JSC Nizhne-Zeyskaya HPP (100%)

      JSC Nizhne-Bureyskaya HPP (100%)

      JSC Sulaksky HydroCascade (100%)

      LLC Fiagdonskaya SHPP (100%)

      JSC Zaramagskye HPPs (99,75%)

      JSC Ust-Srednekanskya HPP (100%)

      CJSC Upper Naryn HPPs (50%)

      JSC SHPP of KBR (95.28%)

      REPAIR AND CONSTRUCTION

      CJSC Construction Contractorof the Boguchanskaya HPP (49%)

      CJSC Developer of the BoguchanskAluminum Smelter (49%)

      CJSC Construction Contractor of the Boguchansk Aluminum Smeſter (51%)

      CJSC Developer of the Boguchanskaya HPP (51%)

      JSC Hydroremont VCC (100%)

      JSC ChirkeyGESstroy (100%)

      LLC Montazhenergo(100%)

      JSC Ust-Srednekanskaya GESstroy (100%)

      JSC ESCO UES (100%)

      INSTITUTE

      JSC NIIES (100%)

      JSC Lengidroproject (100%)

      JSC Hydroproject Institute (100%)

      JSC Vedeneyev VNIIG (100%)

      LLP VNIIG (100%)

      JSC MOSOBLHYDROPROJECT (62,54%)

      NON-CORE

      JSC Yuzhno-Yakutsky HEC (100%)

      JSC SHPP of Dagestan (100%)

      JSC Karachaevo-Cherkesskaya HGC (100%)

      CJSCHydroEnqineering Siberia (100%)

      Ltd. SCC BoHPP (50%)

      Ltd. Hydroproject-Service (51%)

      CJSC Malaya Dmitrovka (100%)

      RUSHYDRO INTERNATIONAL B.V. (100%)

      JSC Hydroinvest (100%)

      JSC TC RusHydro (100%)

      JSC SC SSHPP (100%)

      LLC RusHydro IT Service (100%)

      JSC RBEF (51%)

      JSC Paviodolskaya HPP (100%)

      JSC Dalnevostochnaya WPP (100%)

      CJSC Holding Company BoHPP (100%)

      JSC IESK (42,75%)

      JSC GVC Energetiki (42,53%)

      LLC VolgaHydro (40%)

      LLC SNPG (100%)

      LLC ITSPVE RusHydro (100%)

      LLC Energy Index – Hydro OGK (100%)

      CJSC Holding Company BoAS (100%)

      LLC EZOP (100%)

      Alstom RusHydro Holding B.V. (50%+1 share)

      LLC AlstomRusHydroEnergy (100%)

      LLC ENEKS (100%)

      CJSC Technopark Rumyantsevo (100% +1 share)

      HydroAir Limited (100%)

      RUSHYDRO INTERNATIONAL A.G. (100%)

      RUSHYDRO INTERNATIONAL INDIA PRIVATE LIMITED (51%)

      BALP LIMITED (50%)

      HYDROOGK ALUMINIUM COMPANY LIMITED (100%)

      BOGES LIMITED (50%)

      CJSC BoAS (100%)

      HYDROOGK POWER COMPANY LIMITED (100%)

      MC

      JSC ESK RusHydro (100%)

      JSC MC HydroOGK (100%)

      SC RAOEnergy Systems of the East (84,39%)
      and SDCs of the company

      * As of 31.12 2015
      ** The companies have been transferred to thetrust management of JSC RAO Energy Systems of the East

      1.4. Geography activities

      Operating PPs

      1. Boguchanskaya HPP
      2. Byreyskaya HPP
      3. Cascade of Verkhnevolzhskiye
      4. Cascade of Viluysky HPPs
      5. Volzhskaya HPP
      6. Votkinskaya HPP
      7. Dagestan Branch
      8. Zhigulevskaya HPP
      9. Zagorskaya PSHPP
      10. Zeyskaya HPP
      11. Kabardino-Balkarian Branch
      12. Kamskaya HPP
      13. Karachaevo-Cherkessian Branch HPP
      14. Kolymskaya HPP
      15. Cascade of Kubanskiye HPPs
      16. Nizhegorodskaya HPP
      17. Novosibirskaya HPP
      18. Saratovskaya HPP
      19. Sayano-Shushensky Branch
      20. Sevan-Razdan Cascade
      21. HPPs of the Northern Ossetian Branch
      22. Tolmachyovskiye HPPs
      23. Cheboksarskaya HPP

      Geo PPs

      24. Verkhne-Mutnovskaya GeoPP
      25. Mutnovskaya GeoPP
      26. Pauzhetskaya GeoPP

      HPPs under construction

      27. Zaragizhskaya HPP
      28. Zaramagsky HPPs
      29. Cotsatlinskaya HPP
      30. Zagorskaya PSHPP

      31. Zelenchukskaya PSHPP
      32. Nizhne-Bureyskaya HPP
      33. Ust-Srednekanskaya HPP

      Retail companies

      34. Far-Eastern Energy Company
      35. Krasnoyarskenergosbyt
      36. Ryazan retail energy company
      37. Chuvash retail energy company
      38. Bashkortostan retail energy company

      Thermal PPs

      39. Amurskaya CHPP
      40. Anadyrskaya Gas Engine CHPP
      41. Anadyrskaya CHPP
      42. Artyomovskaya CHPP
      43. Blagoveshenskaya CHPP
      44. Vladivostok CHPP
      45. Kamchatskiye CHPPs
      46. Komsomolskiye CHPPs
      47. Komsomolskaya CHPP
      48. Kyzym (Mobile PP)
      49. Labytnangi (Mobile PP)
      50. Magadanskaya CHPP
      51. Mirninskaya TPP
      52. Nerunginskya TPP
      53. Nikolaevskaya CHPP
      54. Partizanskaya TPP
      55. Primorskaya TPP
      56. Raychikhiskaya TPP
      57. Sakhalinskaya TPP
      58. Urengoy (Mobile PP)
      59. Khabarovskiye CHPPs
      60. Chulmanskaya CHPP

      61. Egvenkinotskaya TPP
      62. Yuzhno-Sakhalinskaya CHPP
      63. Yakutskaya TPP
      64. Arkagalinskaya TPP
      65. Maya TPP
      66. Chaunskaya CHPP

      Thermal PPs under construction

      67. Vostochnaya TPP
      68. Sovgavanskaya CHPP
      69. Sakhalinskaya TPP
      70. Yakutskaya TPP

      Tidal PP

      71. Kislogubskaya Tidal PP

      Wind PPs

      72. WPP in Ust-Kamchatsk
      73. Nikolskoye Wind PP

      Solar PP

      74. Batagai solar PP

      Research and design organizations

      75. Mosoblhydroproject
      76. Vedeneyev VNIIG
      77. Hydroproject institute
      78. Lenhydroproject
      79. NIIES

      1.5. Awards 2015

      The 2015 Platts Top 250 Global Energy Company Rankings

      The agency announces PJSC RusHydro Russia’s best energy company (#137 in the rating – the best result among Russian energy companies).

      An award from System Operator For Significant Contribution into the Assurance of the Reliability of the Unified Power System of Russia

      The award is given to Sayano-Shushenskaya HPP named after P.S. Neporozhnyi, a subsidiary of PJSC RusHydro.

      The Project Olympus all-Russian public sector professional project management competition

      The project on the replacement of hydro power equipment at Zhigulevskaya HPP scores 3rd in the Complex Project Management System category.

      The study of the corporate transparency of the largest Russian companies in 2015 conducted by the Russian Regional Integrated Reporting Network

      PJSC RusHydro is awarded the 1st level of transparency (#12 out of 729 companies).

      The Corporate governance Rating of Russian Institute of Directors

      PJSC RusHydro is awarded level 8 – the Best Practice of Corporate governance.

      The MediaTEK, the first all-Russian competition

      The charity environment protection projects of PJSC RusHydro are awarded in the Environment Protection category.

      The EMEA Finance international magazine

      The magazine announces the lending agreement for the modernisation of Saratovskaya HPP the best sustainable development transaction executed in Central and Eastern Europe in 2014.

      The Environmental Initiatives of Russian Companies in Media. The Fuel and Energy Complex and Metal Industry rating compiled by Modern Media Research Institute in cooperation with Zhivaya Planeta TV channel

      PJSC RusHydro scores 3rd.

      The rating of social reports as of 2014 compiled by RAEX international rating agency

      The report of RusHydro Group on sustainable development is rated 3 stars (8.76 points).

      The Top 25 of Social Responsibility Managers rating compiled by the Russian Manager Association

      Deputy PR Director, Media Secretary of PJSC RusHydro scores 9th.

      The Top 15 Leaders of Corporate Entities of RBC

      PJSC RusHydro reaches the Top 10 of the ring.

      The Crystal Pyramid 2015 human asset management award

      The branch of PJSC RusHydro – “Corporate University of Hydroenergetics” wins the Grand Prix in two categories – the Corporate University of the Year and the HR Project of the Year.

      The All-Russian Competition of Youth Projects and Educational Initiatives in the Energy Industry held under the auspices of the Ministry of Energy of the Russian Federation

      The Development of the Staff Resources of PJSC RusHydro and Summer Energy School educational projects win the competition.

      The Silver Strings national corporate media competition

      The electronic version of the Vestnik RusHydro newspaper receives a certificate in the Best Digital Edition: Innovative Solutions in Corporate Media Communication category.

      The Best Corporate Media 2015 competition organized by the Russian Communication and Corporate Media Director Association

      The Vestnik RusHydro corporate newspaper is awarded in the Souvenir and Graphic Product category.

      The Digital Communications AWARDS

      The following projects of PJSC RusHydro are awarded:

      • the People of Light art project,
      • five video clips on under-construction power plants in the Far East,
      • the virtual energy museum of the Far East.

      2.1.
      The company’s strategy