PJSC Inter RAO 2016 Annual Report

PJSC Inter RAO 2016 Annual Report

PJSC Inter RAO 2016 Annual Report Informational translation Preliminarily approved by the Board of Directors Of PJSC Inter RAO on May 05, 2017 (Minutes No. 198 of the meeting of the Board of Directors dated May 05, 2017) Going the extra mile Chairman of the Management Board Boris Kovalchuk Chief Accountant Alla Vainilavichute 1 Contents 1 Address of the Chairman of the Board of Directors of PJSC Inter RAO. ....................................................................................................... 6 2 Address by the Chairman of the Management Board of PJSC Inter RAO ..................................................................................................... 8 3 Inter RAO Group today ................................................................................................................................................................................ 10 3.1 Key results 2016 ..................................................................................................................................................................................... 12 3.2 History of Inter RAO Group .................................................................................................................................................................. 16 3.3 Inter RAO Group foot print ................................................................................................................................................................... 18 3.4 Group structure ..................................................................................................................................................................................... 19 3.5 Key indicators of the Group for 2014–2016 .......................................................................................................................................... 21 3.6 Position and main competitive strengths of Inter RAO Group in the energy market ........................................................................... 22 3.7 Investment advantages .......................................................................................................................................................................... 28 3.8 Electric power industry development prospects until 2035 .................................................................................................................. 34 4 Inter RAO Group development strategy and its implementation ................................................................................................................ 38 4.1 Strategy and long-term development programme ..................................................................................................................................... 38 4.2 Group business model ................................................................................................................................................................................ 41 4.3 System of key performance indicators ....................................................................................................................................................... 43 4.4 Investment activities .................................................................................................................................................................................. 50 4.5 Innovative development ............................................................................................................................................................................. 55 4.6. Energy efficiency enhancement ................................................................................................................................................................ 57 5 Inter RAO Group operations ........................................................................................................................................................................ 59 5.1 Key business results of the Group ............................................................................................................................................................... 59 5.2 “Generation in the Russian Federation” segment ...................................................................................................................................... 62 5.3 “Supply in the Russian Federation” segment ............................................................................................................................................. 78 5.4 “Trading” Segment ..................................................................................................................................................................................... 93 5.5 “Engineering” Segment ............................................................................................................................................................................ 102 2 5.6 Segment “Foreign assets” ......................................................................................................................................................................... 107 6 Corporate governance ................................................................................................................................................................................. 128 6.1 Following the high standards of corporate governance ...................................................................................................................... 128 6.2 Corporate governance model ................................................................................................................................................................ 131 6.3 General meeting of shareholders ......................................................................................................................................................... 132 6.4 Board of Directors .................................................................................................................................................................................135 6.5 Management Board ............................................................................................................................................................................. 163 6.6 Corporate control and risk management ............................................................................................................................................. 178 6.7 Information Disclosure and External Communications ..................................................................................................................... 195 7 Company on the capital markets and investor relations ............................................................................................................................ 205 8 Corporate social responsibility ................................................................................................................................................................... 218 8.1 Approach to sustainable development ................................................................................................................................................ 218 8.2 Contribution to the development of the regions of the Group’s operation ......................................................................................... 219 8.3 HR management .................................................................................................................................................................................. 225 8.4 Occupational Health and Industrial Safety ......................................................................................................................................... 238 8.5 Environmental policy .......................................................................................................................................................................... 245 8.6 Asset security ....................................................................................................................................................................................... 257 9 Key risks of Inter RAO Group ..................................................................................................................................................................... 260 10 Procurement ........................................................................................................................................................................................... 275 11 Analysis of Financial Results .................................................................................................................................................................. 282 12 Annexes ................................................................................................................................................................................................... 288 12.1 Associations and partnerships ............................................................................................................................................................. 288 12.2 Report of the revision commission ...................................................................................................................................................... 292 12.3 IFRS statements ..................................................................................................................................................................................

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    459 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us