Rosseti : CEO of Russian Grids Meets Chief Engineers of Company’s Subsidiaries

The information to which this gatepost gives access is exclusively intended for persons who are not residents of the United States and who are not physically present in the United States. This information does not constitute an offer or invitation to tender or exchange any securities of JSC Federal Grid Company of Unified Energy Systems or to subscribe for or participate in an offer for securities of JSC Russian Grids in the United States or in any other jurisdiction in which such offer or invitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. Potential users of this information are requested to inform themselves about and to observe any such restrictions.

Securities in JSC Russian Grids cannot be offered or sold in the United States without registration under the United States Securities Act of 1933, as amended, or pursuant to an exemption from such registration. JSC Russian Grids has not registered, and does not intend to register, any of its securities under the Securities Act or to conduct a public offering of securities in the United States.

By proceeding to view the materials to which this gatepost gives access, you warrant that you are not located in the United States and you agree that you will not transmit or otherwise send any information contained in this website to any person in the United States or to publications with a general circulation in the United States.

You have confirmed your disagreement to observe the access conditions. Unfortunately, we cannot provide you an access to the information.

The CEO of JSC Russian Grids Oleg Budargin as part of a staff meeting of technical managers of the company's subsidiaries met the chief engineers of the subsidiaries and associates of the company in St. Petersburg.

The head of JSC Russian Grids was briefed on electrical injury situations and the rate of accident risks in specific companies and in the Group companies as a whole. He pointed out the general positive trend, but noted that a reduction in showings in a number of subsidiaries is unacceptable.

In order to tackle injury situations on production facilities Oleg Budargin instructed to hold regular meetings of the heads of production units with transmission facility employees, to organize counselling with personnel and to build up dialogue. He also demanded the introduction of a mandatory daily medical examination of the company's energy experts before each working shift.

In connection with the continuing occurrence of third parties entries on power supply facilities, which often lead to serious injury and even death, the head of JSC Russian Grids demanded to intensify security control over the substations and power transmission lines (PTL) of all voltage classes. He stressed the need for applying the toughest sanctions on company authorities who are to blame for such accidents.

Also pointed out to the need to install special lighting equipment on power transmission lines situated near airports and airways, including those of light aircraft.

When discussing the reduction of accidents in the subsidiaries of the Group companies the CEO of JSC Russian Grids recalled the crucial importance of maintaining the operating state of the existing power supply assets and the need to first and foremost to pay particular attention to operating activities (timely repair works, acquisition of necessary emergency supplies and reserved supplies. He also stressed the need to provide salary support for industrial personnel on a high and competitive level.

To reduce the risk of technological failures due to trees falling on power transmission lines, Oleg Budargin proposed considering the possibility of replacing the poles with higher ones which will also help to contribute to the protection of the environment by reducing the area of protected land zones and the number of trees set to be cut down. This will also help to reduce costs of operating the power lines.

In conclusion, the CEO recalled that at present the electrical power grid network is operating in harsh economic conditions, that is why it is crucial to conduct management enhancement. "This has nothing to do with staff reduction, it is more about the rational assignment of duties," he stressed.