FSK YeES : Head of FGC Andrey Murov discussed results of 1H 2017 with branch managers

During the meeting with branch managers the Chairman of the Management Board of FGC UES Andrey Murov noted the positive dynamics of key indicators for 6 months of 2017. The number of accidents decreased almost by 15%, the revenues and net profits increased. The Head of the Company directed to fully eliminate the controllable risk of accidents and ensure the complete implementation of the investment program.

FGC UES's key priority is to ensure reliable power supply to consumers. On the average across the country, the specific accident rate for 7 months decreased by 12%. The Center and the Volga regions saw the greatest progress. Branch managers were instructed to carefully analyze all technological violations and preserve the tendency of accident rate reduction.

In the first half of 2017, the growth of key financial and economic indicators preserved. Revenues increased by 8% (RUB 92.8 bln as compared to RUB 85.9 bln in 1H 2017), net profits increased by 13.8% (RUB 18.6 bln as compared to RUB 16.4 bln for the same period last year).

As for the work with consumers, revenues for power supply increased by 8.9%, ahead of the tariff growth by almost 1.5 percentage points.

The half-year plan for the commissioning and financing of investment program projects were implemented. In total, almost 7.2 thousand MVA of transformer capacity and 2,1 thou. km of new power transmission lines have to be commissioned by the end of the year.

The major activities include the macro project for strengthening of connections between the Unified Power System of the North-West and the Center, power delivery from the Rostov NPP, as well as technological connection projects in Western Siberia and strengthening of the system reliability in the Far East.