News

11/27/2020 Rosseti FGC (Federal Grid Company) Announces IFRS Results for the 9 months of 2020 Federal Grid Company of Unified Energy System (“Federal Grid Company” or “Company”; Moscow Exchange and LSE: FEES), part of PJSC ROSSETI Group, and the operator of the Unified National Electricity Grid (“UNEG”) of Russia, announces its condensed unaudited consolidated interim financial results for the three and nine months ended 30 September 2020 under the International Financial Reporting Standards (IFRS).

11/19/2020 Repair of switching equipment complete at Nizhny Novgorod region's two biggest power centers Rosseti FGC UES has finished repairing disconnectors and breakers at Nizhegorodskaya and Luch 500 kV substation in the Nizhny Novgorod Region. The work will allow raising the reliability of power supply to inhabitants of the region, including the city of Nizhny Novgorod where more than 1.2 mn people live.

11/12/2020 ACRA ranks Rosseti FGC UES as highest at national credit rating scale Analytical Credit Rating Agency (ACRA) has confirmed the credit rating of Rosseti FGC UES and its bonds at the highest level AAA(RU) of the national scale. This is at par with the financial obligations of the Russian Government. The forecast to the rating is 'Stable'.

11/10/2020 Rosseti FGC UES declared ready for 2020/2021 cold season The Russian Ministry of Energy signed an order confirming the readiness of the power facilities of the Unified National Power Grid (UNPG) controlled by FGC UES (Rosseti Group) for the autumn and winter season of 2020/2021. The certificate was received on time.

11/09/2020 Elbrus-based relay protection packages commissioned at Rosseti facilities first time in Russia For the first time in our country, relay protection packages based on the Russian 'Elbrus' microprocessor have been put into operation at Rosseti facilities. The equipment was developed by NIPOM Co. and Avtomatika Concern by Rostec, with the project led by the Bruk Institute of Electronic Control Machines.

11/05/2020 Rosseti FGC UES switches to remote control the substation that feeds power to LafargeHolcim plant in Kaluga Rosseti FGC UES jointly with the System Operator (SO UPS JSC) have implemented remote control at the 220 kV Stany distribution point in the Kaluga Region, from which the Ferzikovo Cement Plant is fed. It is part of the international group LafargeHolcim and is a unique enterprise involved in the solid waste recycling.

10/30/2020 Federal Grid Company Announces 9M 2020 RAS Results Federal Grid Company of Unified Energy System (“Federal Grid Company” or “the Company”; Moscow Exchange, LSE: FEES) owner and operator of the Unified National Electric Grid announces its financial results for 9M 2020 under the Russian Accounting Standards (RAS).

10/27/2020 Rosseti FGC UES connected Russia's unique Amursky Oil Crushing Plant - anchor resident of Belogorsk TOR - to UNPG Rosseti FGC UES (FGC UES, PJSC) expanded the 220 kV Belogorsk substation in the Amur Region. Now the Amursky Plant, a resident of Belogorsk territory of advanced development (TOR) can be supplied with up to 7.24 MW capacity from the Unified National Power Grid (UNPG). The company plans to replace by 75% the import of protein isolate, a soybean processing product which is used in the dairy and meat industries.

10/21/2020 Rosseti FGC UES introduced remote control system for three power supply centers in Vologda and Cherepovets The Rosseti FGC UES (FGC UES, PJSC) in cooperation with the System Operator (JSC SO UES) has introduced a remote control system for the first three 220 kV backbone network facilities in the Vologda Region - Vologda-Yuzhnaya, RPP-1 and RPP-2. The use of modern engineering aids made it possible to move to a qualitatively new level of control: the routine switching time is reduced by 10 times as compared with the execution of dispatchers voice commands. The project enabled to increase reliability of power supply for the consumers in regions with a total population of almost 1,2 million people.

10/19/2020 Rosseti FGC UES provides up to 165 MW to Afipka Oil Refinery – one of the biggest oil processing enterprises in southern Russia The project of process connection of Afipka Refinery to the Unified National Power Grid has been implemented. The consumer has received up to 165 MW, which will allow to accomplish production upgrade and increase oil processing capacity from 6 to 9 mn tons per year, deploy production of the new oil products and improve their quality.

10/14/2020 Rossetti FGC UES provided 32 MW of capacity from the UNPG for the development of two gold deposits in the north of the Krasnoyarsk Territory The project of process connection of Sovrudnik power units to the 220 kV Taiga substation located in the Severo-Yeniseisky District was accomplished. The output of 32 MW of capacity was provided for power supply of Vysokoye and Zolotoye fields in Neubinskaya area. They are included in the integrated investment project (IIP) Yenisei Siberia, which is being implemented in three regions - Krasnoyarsk Territory, Republic of Khakassia and Tyva Republic.

10/05/2020 Rosseti FGC UES to add 250 MVA of capacity to Zapadnaya 500 kV substation in Moscow Energy Ring Rosseti FGC UES (FGC UES, PJSC) has commenced to expand Zapadnaya 500 kV substation that feeds the western areas of Moscow and Krasnogorsk urban district with total population over 1.8 mn people. The cost of work is more than 1.3 bn rubles. This project will raise the capacity by 22%, up to 1376 MVA. Power supply will be provided to three high-rise building complexes, with conditions created to connect new consumers to the network.

10/01/2020 Fitch confirms Rosseti FGC UES ratings as "BBB" with forecast "stable" Fitch Ratings international agency has confirmed long-term issuer default ratings in foreign and local currency of Rosseti FGC UES (FGC UES, PJSC) at the level of "BBB", with forecast "stable". The rating of the company is on a par with the sovereign rating of the Russian Federation.

09/22/2020 Rosseti FGC UES upgrades substation in Jewish Autonomous Region that feeds power to Trans-Siberian railway and ESPO pipeline infrastructure Rosseti FGC UES (FGC UES, PJSC) has completed the upgrade of Obluchye 220 kV substation, one of the main power centers in the Jewish Autonomous Region. New 220 kV switching equipment has been installed and emergency protection enhanced at the facility. This has resulted in better reliability of power delivery to consumers in the north of the Jewish Autonomous Region, including traction substations of the Trans-Siberian railway and facilities of the Eastern Siberia – Pacific Ocean pipeline system.

09/16/2020 Russia's first 500 kV substation to run without round-the-clock duty personnel A remote control project implemented by Rosseti FGC UES and System Operator (SO UPS) at Preobrazhenskaya 500 kV substation allows switching the utility to run with no round-the-clock duty personnel to attend. Such service scheme of EHV 500 kV substation is applied in Russia for the first time.

09/14/2020 Rosseti FGC UES supports the Hermitage to open "Lk 15, 11 – 32. Rembrandt. A tribute. Alexander Sokurov" exhibition The project combines video works, sculpture, painting and music. At the center of the exhibition space is a multimedia installation on the theme of the painting "The Return of the Prodigal Son" by Rembrandt Harmenszoon van Rijn, which is one of the symbols of the museum. The opening ceremony was attended by Alexander Sokurov, the author of the project and film director, Mikhail Piotrovsky, Director of the State Hermitage Museum, and Andrey Murov, First Deputy General Director and CEO of Rosseti.

09/11/2020 Rosseti FGC UES to dole out over 1.67 bn rubles to upgrade 400-km power transit in North Caucasus Rosseti FGC UES has commenced a large-scale project of upgrading the Budyonnovsk – Chiryurt 330 kV transmission line almost 409 km long – an interconnection linking the Stavropol Territory and the Republic of Dagestan. It is planned to install 4095 surge arresters, relocate transmission towers in the flood area of the Terek River and fortify the tower foundations in the flood area of the Sulak River. The project will increase reliability of power supply to consumers in regions with a total population of almost 6 million people.

09/04/2020 Rosseti FGC UES completes works for Amur Gas Plant power supply – Svobodnenskaya TPP is connected to the grid Rosseti FGC UES has completed the construction of feeds from Amurskaya – Novokievka 220 kV transmission line to Svobodnenskaya TPP. The connection project cost was 1.8 bn rubles. Amur Gas Processing Plant (GPP) will receive electricity from independent sources: Svobodnenskaya power station and UNPG facilities, which will ensure continuous production cycle.

09/04/2020 Rosseti FGC UES supplies electrical power to Avangard Industry Park, resident of Khabarovsk PDA Rosseti FGC UES has connected to Vostok 220 kV substation the power receivers of Avangard Industry Park, one of the biggest residents of Khabarovsk Priority Development Area. Pursuant to the contract, the consumer received 5 MW of power from the Unified National Power Grid. In the future, the company plans to provide 52.2 MW of power to the residents of Khabarovsk PDA.

08/28/2020 Rosseti FGC (Federal Grid Company) Announces IFRS Results for the 6 months of 2020 Federal Grid Company of Unified Energy System (“Federal Grid Company” or “Company”; Moscow Exchange and LSE: FEES), part of PJSC ROSSETI Group, and the operator of the Unified National Electricity Grid (“UNEG”) of Russia, announces its condensed unaudited consolidated interim financial results for the three and six months ended 30 June 2020 under the International Financial Reporting Standards (IFRS).