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Memorandum of the controlling shareholder PJSC Rosseti regarding controlled electric grid companies

PJSC Rosseti is a public holding company with the state’s share in the authorized capital of 88.04%, created in accordance with Decree of the President of the Russian Federation of 22 November 2012 No. 1567 in order to increase the efficiency and development of the electric grid complex of the Russian Federation, as well as coordinate work on management of this complex through subsidiaries and affiliates.

PJSC Rosseti owns a controlling stake in 14 distribution electric grid companies1 (PJSC Kubanenergo, PJSC Lenenergo, PJSC MOESK, PJSC IDGC of Volga, PJSC IDGC of North-West, PJSC Rosseti Northern Caucasus, PJSC IDGC of Siberia, JSC IDGC of Urals, IDGC of Centre, PJSC, IDGC of Centre and Volga Region, PJSC, PJSC Rosseti South, PJSC TRK, JSC Rosseti Tyumen, JSC Yantarenergo) and 1 transmission electric grid company (PJSC FGC UES). The disposal of these assets is not considered.

PJSC Rosseti identified the strategic development priorities of the group of companies:

  • provision of reliable, high-quality and affordable power supply in the new digital environment;
  • ensuring further increase in the efficiency of the core business for electric energy transmission;
  • promotion of legislative initiatives aimed at developing the industry;
  • maintaining a balance of interests for all parties: the state / consumers / shareholders / investors;
  • development of new areas of activity (non-tariff services and consumer services) through digital transformation to ensure the company’s resilience to changes in the industry.

PJSC Rosseti manages the companies of the group in accordance with common corporate standards aimed at ensuring the efficiency of business processes, controlling their quality, minimizing all types of corporate risks, and maintaining information disclosure and transparency of their activities.


[1] PJSC Kubanenergo provides services under the brand Rosseti Kuban

PJSC Lenenergo provides services under the brand Rosseti Lenenergo

PJSC MOESK provides services under the brand Rosseti Moscow Region

PJSC IDGC of Volga provides services under the brand Rosseti Volga

PJSC IDGC of North-West provides services under the brand Rosseti North-West

PJSC Rosseti Northern Caucasus

PJSC IDGC of Siberia provides services under the brand Rosseti Siberia

JSC IDGC of Urals provides services under the brand Rosseti Urals

IDGC of Centre, PJSC provides services under the brand Rosseti Centre

IDGC of Centre and Volga Region, PJSC provides services under the brand Rosseti Centre and Volga Region

PJSC Rosseti South

PJSC TRK provides services under the brand Rosseti Tomsk

JSC Yantarenergo provides services under the brand Rosseti Yantar

PJSC FGC UES provides services under the brand Rosseti FGC UES