Results of the Board of Directors Meeting on January 20, 2022
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on January 20, 2022.
Resolutions passed on Items of the agenda:
Item 1. On potential areas of RusHydro Group's technological development.
Adopted Resolution:
To consider information about potential areas of RusHydro Group's technological development (Schedule 1 to the Minutes).
Item 2. On the Power Industry Development Program to foster economic growth of the Far Eastern Federal District.
Adopted Resolution:
- To consider the Power Industry Development Program to foster economic growth of the Far Eastern Federal District for the period from 2021 to 2031 (Schedule 2 to the Minutes).
- To take into account the resolutions adopted in the Master Plan for Placement of Power Industry Facilities for the period up to 2040, when updating the Power Industry Development Program to ensure economic growth of the Far Eastern Federal District for the period from 2022 to 2032.
Item 3. On Consideration of Issues Material Importance for the Company:
3.1. On the implementation RusHydro Group's of energy service activities.
Adopted Resolution:
To consider information about implementation of RusHydro Group's energy service activities (Schedule 3 to the Minutes).
3.2. On the progress status of priority projects for the construction of facilities in the Far East.
Adopted Resolution:
To take into consideration the information on the progress status of priority projects for the construction of facilities in the Far East as of December 31, 2021 (Schedule 4 to the Minutes).
About RusHydro
RusHydro is Russia's largest power company by installed capacity. It is the country's largest hydrogenerating company and the third in the world with over 400 generating facilities. RusHydro Group is the leading producer of renewable energy in Russia with total electricity generation capacity of 38.2 GW.
For more information:
Investor Relations Department
Tel. +7 (495) 122 0555 ext. 1304
ir@rushydro.ru
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
