On June 20, within the Investment forum of VTB Capital "RUSSIA CALLING!", which is taking place in London, the Director General of PJSC “Rosseti” Oleg Budargin has participated in the panel session "Economic Trends and Economic Policy — a Look of Corporate Sector".
“Establishing order in networks was the main global task set by the country leaders for the team of “Rosseti” in 2012, and it means increase in reliability, availability and efficiency. In spite of the fact that we had to operate in rather difficult macroeconomic conditions, in short term we have managed to achieve the decrease in specific accident rate by 51% and the decrease in average duration of technological violations by 28%,” – the head of Rosseti has emphasized.
According to the research of the World Bank published in 2016, Russia was among 18 countries with the highest index of power supply reliability.
Continuing the conversation on important factors of successful development of Russian economy, including the increase in appeal of conditions for business in the country, the Head of “Rosseti” has especially noted availability of electrical grid infrastructure.
“Over the last 5 years the Russian Federation has risen in the World Bank's rating of business comfort for 72 points, and on the indicator of "connection to system of power supply" – for 153 points. Such result is achieved by reducing costs for technological connection by half, considerable reduction of connection terms and simplification of the procedure itself. From 2012 till 2016, new consumers are connected almost on 60 gigawatts,” – Oleg Budargin has noted.
The Head of “Rosseti” has also told investment community about financial results of PJSC “Rosseti”, including the dividend history of the company.
Payment of dividends following the results of the first quarter of 2016, the first in the history of the company, became a considerable event. Total amount of payment has made 1 billion 785 million rubles.
In 2017, the Board of Directors of “Rosseti” recommended to the General Meeting of Shareholders to approve payment of final dividends following the results of 2016 in the sum of 3.8 billion rubles.
“Rosseti” is the only state company to relation of which in 2017 a separate Government Executive Order establishing the principles of dividend payouts and assuming the direction on payment of dividends not less than 50% of net profit is issued.
In the context of strategic priorities, Oleg Budargin has noted strengthening and development of relationship with representatives of investment community in order to increase the investment attractiveness of the company, to increase its market capitalization and depreciation of the involved loans.