- Federal Grid Company – Ten-year results
- Operations overview
- Social responsibility and sustainable development
- Financial performance overview
- Corporate governance report
- Share capital
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APPENDICES
- Information on compliance with the FCSM corporate code of conduct
- Implementation of the assignments of the president and the government of the Russian Federation
- Information on transactions performed by JSC Federal Grid Company in 2012, recognized by russian federation laws as interested party transactions, and which are subject to the approval of the company’s authorized management body
- Audit Commission Conclusion on the Audit of Operational and Financial Activities of Federal Grid Company for 2012
- 2013 investor calendar
The Company’s Mission and Strategy
Federal Grid Company is a strategically important, reliable, efficient and dynamically developing company focused on maintaining the UNEG integrity, providing uninterrupted and high quality services to consumers and promoting both shareholder and investor prosperity.
Our Mission
The Company’s mission is to ensure reliable Unified National Electric Grid (UNEG) operation and development for the economic growth of Russia and uninterrupted power supply to consumers across all Russian regions.
Our Strategy
| Company Priorities | Results |
|---|---|
| Reliability | A 19.5% decrease in the specific accident rate
(for every 1,000 cases) compared with 2008 Upgrading reliability |
| Quality of services | An increase in the number of consumers for
energy transmission services and in the
number of technological connection contracts
with customers and distribution grid
companies by 50% respectively, compared
with 2011 Technological Connection |
| Development of PGC scientific potential | RUR 2.9 billion invested in R&D in 2012 R&D |
| Grid infrastructure development | Commissioning 3,643 km of overhead power
transmission lines and of 17,827 MWA of
transformer capacity in 2012 Investment Activities |
| Competitive tariff rates | Conservative 11% tariff growth in 2012
(starting 1 July) and by 9% in 2013-2014
(annually starting 1 July). Tariff Regulation |
| Adequate ROI for investors | The return on initially invested capital grew
from 3.9% in 2010 to 6.5% in 2012 Tariff Regulation |
The Company’s strategic goals to upgrade reliable UNEG operation include the following:
- Ensuring the preparedness of power transmission lines and UNEG equipment for reliable consumer power supply; provisions for the functioning of the wholesale electricity and capacity market, and for the parallel operation of the UNEG of Russia and foreign energy systems;
- Ensuring the UNEG reliability and efficiency due to the visibility and controllability of all grid elements;
- Developing the structure for operating and engineering control over UNEG facilities;
- Overcoming the tendency for the aging of power grids and power grid equipment via modernization of the above, the optimization of re-construction work and technical re-equipment, and by using extended service life of equipment;
- Upgrading operation processes, maintenance and repair; providing occupational training for operations and repair personnel, taking into account the implementation of new technologies and innovative equipment;
- Ensuring efficient UNEG operation due to the justified optimization of main electrical connection schemes and a reduction in areas occupied by facilities, as well as a decrease in auxiliary power consumption;
- Increasing the response and reducing the time required to eliminate accidents and other extraordinary conditions at UNEG facilities;
- Accomplishing the automation of UNEG substations, the implementation and development of advanced technical condition control systems, of automated systems for diagnostics and the monitoring of process equipment and of relay protection and emergency automatics;
- Developing a diagnostic system for UNEG facilities;
- Implementing the Unified Technical Policy in the PGC of the UNEG, to improve power supply reliability to end consumers, to cut capital invested in facilities, and to reduce costs associated with achieving the Company’s strategic goals.
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