rushydro-sp gdr 144a (RSHRL) Key Developments
JSC Rushydro Announces Executive Elections; Approves Dividend
Jun 29 15
JSC RusHydro announced that it has approved dividend payment in the amount of RUB 0.01561855 per share, at its AGM held on June 26, 2015.
At the meeting shareholders have elected Artem Avetisyan, New business' division, Agency for Strategic Initiatives to Promote New Projects; Sergey Ivanov, General Director, JSC Russian Energy Company; Alexander Osipov, First Deputy Minister of Development of the Far East of Russia; and Yuri Trutnev, Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District as Board of Directors. Natalya Annikova, First Deputy General Director for Finance and Economics of JSC Construction Department No. 308; and Andrei Kharin, Deputy Head of department, Ministry of Energy of Russia are elected as members to the Audit Commission.
JSC RusHydro Amends Articles of Association
Jun 26 15
JSC RusHydro announced that AGM was held on June 26, 2015, the shareholders approved the amended Articles of Association of the company.
JSC RusHydro Signs Loan Agreement with VTB Bank
Jun 26 15
JSC RusHydro announced that it has signed a 5-year loan agreement in the amount of RUB 30 billion with VTB Bank. The agreement allows RusHydro to secure credit facilities in the shortest period of time on the best possible terms in case the Company requires credit resources and provided that VTB Bank offers the most favorable
financing. The facility may be used to finance the Company's current operating and investment activities.
Open Joint-Stock Company Federal Hydro-Generating Company - RusHydro, Board Meeting, Jun 19, 2015
Jun 8 15
Open Joint-Stock Company Federal Hydro-Generating Company - RusHydro, Board Meeting, Jun 19, 2015. Agenda: To consider the company's priorities; to consider amendments to the annual procurement plan for 2015; to consider interim results of 2015 business-plan execution in the first quarter of 2015; to consider review of the report on the company's management performance in 2014; to consider approval of the company's transactions; to consider stationing positions of RusHydro on the agenda of the governing bodies of the company's subsidiaries and affiliates; to consider review of the performance reports of chairmen of committees of the company's board of directors for 2014 corporate year; to consider approval of the amended corporate governance Code of RusHydro; to consider execution of the board of directors commissions; and to consider improvement of the efficiency of RusHydro's procurements.
RusHydro Approves Investment Program
Jun 1 15
The 2015 investment program of RusHydro minus subsidiaries but including VAT, has been approved at RUB 65.2 billion. The program will grow a further 12% above the 2015 plan to RUB 73.2 billion in 2016. Financing for the investment program will start to decrease after 2016 and the commissioning of key projects in the Far East. The board of directors of the company has approved the 2015-2019 investment program at RUB 289 billion (including VAT). The plan stipulates adding 1,039.48 megawatts of electricity capacity and 875.8 Gcal/hr of heat capacity. The program allocated RUB 206.6 billion for technical re-equipment and reconstruction of existing facilities. The program provides RUB 3.7 billion in financing for the Zelenchuksky hydropower plant and pumped storage hydropower plant (which will contribute 140 MW of new capacity in 2015) and RusHydro projects in the Far East: four hydropower plants. Their cost is estimated at RUB 72 billion.