2.4
Key Events in 2020

Development Strategy

January

Sale of Krasnoyarskaya GRES-2

OGK-2 JSC (Gazprom Energoholding Group) and Yenisei TGС JSC, a subsidiary of Siberian Generating Company (part of SUEK Group), entered into a sale agreement for Krasnoyarskaya GRES-2 on December 31, 2019.

August

Renewal of CHPP at Kirishskaya GRES

On August 13, Mr. Alexander Drozdenko, Governor of the Leningrad Region, visited Kirishskaya GRES of OGK-2 JSC. In the scope of his working visit, he inspected the progress in renewal of the CHPP, a part of the power plant. A large-scale project to reconstruct and renew the CHPP will ensure a reliable heat supply to the region’s petrochemical cluster in the long term.

August

Troitskaya GRES will build a new start-up and heating boiler plant by September 2021

The boiler plant needs to be built due to the scheduled decommissioning of the inefficient first stage of the power plant, at which the equipment has been in operation for more than 60 years. The design of the start-up and heating boiler plant has passed an expert review by Glavgosekspertiza of Russia FAO.

November

Acquisition of Adlerskaya TPP’s property complex from Gazprom Energoholding LLC under a sale and purchase agreement dated November 16, 2020.

December

Start of technological gas supply from “Power of Siberia” for pre-commissioning works at Svobodnenskaya TPP

Natural gas from “Power of Siberia” pipeline was provided to Svobodnenskaya TPP. Once completed, it will supply electricity and heat to the Amur Gas Processing Plant, one of the world’s largest natural gas processing plants. Moreover, the power plant will provide for additional conditions for the development of the industrial potential of the Amur Region.

Investment attractiveness

June

50% of net profit are dividend payments subject 2019 annual results

Following the results of the Company’s operations in 2019, the amount of dividends was 50% of the net profit according to IFRS. Thus, the Company allocated 6,013 million rubles for the payment of dividends.

October

Upgrading of OGK-2 credit rating from Fitch Ratings

On October 27, Fitch Rating Agency upgraded the outlook of OGK-2 JSC from Stable to Positive for long-term IDRs in foreign and local currencies at BBB- level.

Corporate Social Responsibility and Sustainable Development

December

A new Collective Agreement was signed

A new Collective Agreement for the period from 2021 to 2023 was signed in order to create the most comfortable working environment for each employee, help them fulfil their professional potential and provide a decent level of welfare and benefits.

December

One of the leaders in the World Wildlife Fund’s rating of openness

Following the results of the materials submitted to the World Wildlife Fund (WWF), OGK-2 JSC ranked third with a total score of 1.4 points. The industry rating was calculated on the basis of three sections: environmental management, environmental impact and information disclosure.

Investment Projects

September

Overhaul of Power Unit No. 2 at Novocherkasskaya GRES was completed

As part of the main boiler and turbine equipment parameters recovery, works were performed to repair heating surfaces, renew the turbine generator, repair the boiler unit burner arrangements and replace defective sections of pipelines.

December

Surgutskaya GRES-1 completed the overhaul of Power Unit No. 14

The technical measures were taken to improve the reliability of generating equipment operation subject to the approved repair schedule.

Energy Management System

February

ISO 50001:2018

OGK-2 JSC was successfully certified for implementation of international standard of energy management system ISO 50001:2018 and its domestic counterpart, GOST R ISO 50001-2012.

Awards and Bonuses

  1. Projects of OGK-2 JSC were among the best at the Grand National Corporate Media Contest “Silver Threads of 2020”. The Company’s special project “With Energy through Life”, dedicated to OGK-2 employees, won the Grand Prix in the “Best Corporate Video/Film” nomination category. Video clip “You Don’t See Us, But We’re Always Around”, made in the course of the 2019 Energy Worker’s Day celebrations, was awarded in “Best Corporate Video/Film. Company Image” category. In addition, interactive Annual Report of OGK-2 JSC for 2019 “We are Proud of the Results! We Work for the Future” took the third place in “Best Annual Report” category.
  2. Interactive Annual Report of OGK-2 JSC for 2019 “We are Proud of the Results! We Work for the Future!” received the highest platinum award at the MarCom Awards, one of the largest and most prestigious international contests in marketing, corporate communications and PR.
  3. Projects of OGK-2 JSC won the ConTEKst award. OGK-2 JSC won the award at the 11th All-Russian Contest of Communication Projects of Fuel and Energy Complex Companies “ConTEKst”, supported by the Russian Ministry of Energy. Charitable inclusive festival “I am like everyone else” was awarded the second-degree diploma in “Best communication projects of companies in the fuel and energy sector and industry” category. Corporate video “You Don’t See Us, But We’re Always Around”, commemorating the professional celebration of the Energy Worker’s Day, took the third place. The winners were selected by a large jury composed of leading experts in the communications and energy sectors and in journalism.
  4. OGK-2 JSC won “The Best Legal Departments of Russia – 2020” contest in “Effective Real Estate Management” category. The Company’s major achievements included measures to optimize land payments, as well as costs related to the maintenance of immovable property, and the implementation of a generating company’s corporate geoinformation system.
  5. In 2020, the Company was ranked in the top three of the World Wildlife Fund’s (WWF) rating of environmental openness.
  6. OGK-2 JSC took the second place in International Engineering Championship “CASE-IN” (special league of Energy Shift) held in a remote format among generating companies of the Russian Federation. The team of young professionals from OGK-2 JSC developed and presented to the contest committee a case study on “Renewal of Generation Facilities Based on Energy-Efficient and Digital Technologies”, which was highly praised by industry experts.