Federal Grid Company is the operator and manager of Russia’s unified electricity transmission grid system, including high voltage transmission lines, and holds the status of a natural monopoly.
The Company’s assets include more than 139 thousands km of transmission lines with capacity up to 1,150 kV (PTL) and 931 substations with more than 334 GVA. Based on the length of transmission lines and installed transformer capacity, Federal Grid is the largest publicly traded electricity transmission company in the world.
Federal Grid’s business is to provide electricity transmission and technological connection services. It maintains and develops the grid system and supervises grid facilities and infrastructure in 77 Russian regions, covering a territory of 15.1 million square kilometres. Its customers are regional distribution companies, electricity suppliers and large industrial enterprises.
The Company is a natural monopoly with 80.13% stake controlled by Russian Grids.
Federal Grid Company’s common shares are included on Moscow Exchange under the ticker FEES and the Company’s GDRs are listed on the London Stock Exchange and traded under the same FEES symbol.
In 2015 the Company’s IFRS consolidated revenue was RUB 187,041 million, while adjusted EBITDA was RUB 109,700 million, and profit for the period was RUB 44,098 million.