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General Information

Federal Grid Company of the Unified Energy System was established in 2002 in accordance with Russias power sector reform as an organization to manage the Unified National Electric Grid (UNEG) for its maintenance and development.

The Companys headquarters are located at 117630, Moscow, Academic Chelomeya Street, 5A.

In accordance with Federal Law 35-FZ "On Electric Power Industry" dated 26.03.2003, Federal Grid Company is a natural monopoly that provides services for the electricity transmission of electricity though the Unified National Electric Grid (UNEG) and is responsible for the reliable reliability of the supply of electricity supply in the territory of the Russian Federation.

Federal Grid Company of the Unified Energy System was established in 2002 in accordance with Russias power sector reform as an organization to manage the Unified National Electric Grid (UNEG) for its maintenance and development.

The Company operates almost on the entire territory of the Russian Federation. The Companys electric grid facilities are located in 75 Russian regions.

Companys geographical scope

The number of consumers with which the Company signed agreements for electricity transmission through the UNEG has significantly increased during the 2008-2012 period. Growth in the number of consumers is due to:

  • Implementation of new technological connections to the UNEG;
  • Step-by-step termination of the "last mile" mechanism etc

The main consumers of technological connection to the Companys grids are:

  • Large-scale business (oil and steelmaking industries, manufacture of construction materials, etc.)
  • Construction and reconstruction of integrated real estate facilities;
  • Distribution grid companies.

Number of the Company's Consumers

Major Consumers of Technological Connection to Federal Grid Company's Grids

The structure of major consumers of the UNEG-based electricity transmission services is as follows:

  • Distribution grid companies (DGC);
  • Independent grid companies (IGC);
  • Retail suppliers (RS);
  • Large power consumer companies;
  • Exporters of electricity.

onsumer breakdown by category (share in the total quantity)

The share of the Company's largest consumers in 2012 revenues from UNEG electricity transmission services

Key Operational Indicators 2008 2009 2010 2011 2012
Number of substations, pcs 800 804 805 854 891
Length of power transmission lines, total, thousand km 121,5 121,1 121,7 124,6 131,6
Electric energy supplied to the grids of the distribution grid companies, to direct consumers and to the independent JSC-Energo, net (kWh, million) 471 958,118 452 662,172 470 648,072 484 663,552 498 287,684
Electric energy supplied via UNEG grids to bordering states, net (kWh, million) 16 704,763 13 628,309 15 716,33 19 284,808 15 768,826
Capacity demand (MW) 90 042 94 636 91 179 90 937 90 492
Electric energy losses in the UNEG grids (kWh, million) 21 866 22 121 22 526 22 553 21 946

Shares and Shareholding Structure

In accordance with the Companys Articles of Association, as of 31 December 2012, the share capital of Federal Grid Company stood at RUR630,193,329,370, divided into 1,260,386,658,740 ordinary registered non-documentary shares with a nominal value of RUR0.50 each share.

The Company has more than 400,000 shareholders.

The Russian Federation, represented by the Federal Agency for State Property Management (Rosimushchestvo), which owns 79.55% of the share capital, is the largest shareholder.

Shareholding Structure

For the purpose of improving shareholders relations, the Company analyzed the shareholders database and identified key shareholder groups, ordinary shares and DRs holders. The Companys free float stood at 20.45%. The main minority shareholders of the Company are institutional investors and holding structures, with retail investors accounting for 2.14%.

The Companys largest minority shareholders, owning more than 1% of Federal Grid Company shares, are:

  • Tsentrenergokholding (2.6534%);
  • Rusenergo Fund Limited (1.6922%) - Russia's largest fund in the energy sector, whose funds are invested in stocks of Russian electricity generators and electric grid companies;
  • Sberbank of Russia (1.1252%) - a professional securities market participant that deals with securities of the most reliable and investment-attractive issuers;
  • Index of Energy FGC UES company (1.0891%).

20% of the Companys free float includes: foreign institutional investors, such as major funds focused primarily on Russia, whose assets under management exceed USD 1 billion: Market Vectors ETF Trust Russia ETF (USD 1.8 billion), East Capital Russian Fund (USD 1.5 billion), Swedbank Robur (USD 1.2 billion) and BlackRock funds.

Investor Breakdown by Geography

The Companys shareholders are predominantly long-term investors, with low portfolio turnover exceeding two years.

On November 22, 2012 Russian President Vladimir Putin signed Decree "On Open Joint Stock Company Russian Grids. The Decree stipulates re-naming JSC IDGC Holding as JSC Russian Grids and contributing to the share capital of Russian Grids 79.55% State-owned shares in Federal Grid Company as the Russian Federation contribution.

MES CENTER

Territory covered: 870,000 square km with 39.6 million population

Transmission lines length: 28,555 km

192 35-750 kV substations with 95,832.76 MVA of total capacity

Average headcount: 5,443 employees

MES SOUTH

Territory covered: 440,000 square km with a population of more than 19 million

Transmission lines length: 10,842.09 km

124 110-500 kV substations with 27,104.57 MVA of total capacity

Average headcount: 2,620 employees

MES NORTH-WEST

Territory covered: 2,446,000 square km with 14.93 million population

Transmission lines length: 13,988.54 km

99 35-750 kV substations with 39,784.12 MVA of total capacity

Average headcount: 2,552 employees

MES VOLGA

Territory covered: 500,000 square km with 17 million population

Transmission lines length: 11,598 km

88 220-500 kV substations with 33,947.50 MVA of total capacity

Average headcount: 2,268 employees

MES URALS

Territory covered: 801,500 square km with an approximately 17 million population

Transmission lines length: 16,007.68 km

106 35-500 kV substations with 45,838.63 MVA of total capacity

Average headcount: 2,844 employees

MES WESTERN SIBERIA

Territory covered: 1,435,200 square km with a population of more than 3.2 million

Transmission lines length: 12,752.9 km

83 220-500 kV substations with 35,461 MVA of total capacity

Average headcount: 1,997 employees

MES SIBERIA

Territory covered: 500,114.8 square km with 20.5 million population

Transmission lines length: 23,032.08 km

114 35-1150 kV substations with 42,603.4 MVA of total capacity

Average headcount: 3,982 employees

MES EAST

Territory covered: 2 million square km with 4.8 million population

Transmission lines length: 14,807.33 km

85 220-500 kV substations with 14,225.4 MVA of total capacity

Average headcount: 1,933 employees

Total area spanned 75 Russian regions
square km
The length of our transmission lines is 131.6 thousand km.
This is equivalent to a spaceship orbiting the Earth four times.
A reliable energy sector
for Russias
economic growth
3 643 km
transmission lines
put into operation
in 2012
25 103
PEOPLE
Total number
of corporate
employees as of
31 December 2012
26%
over-fulfillment
of commissioning
plans for
substations