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Information about legal entities controlled by the Company that are of material significance


In the IFRS financial statements of RusHydro Group, information about material subsidiaries is disclosed by particular segments arranged into groups by activity areas. [1] RusHydro Group performs its activities in three main reporting segments.

1. Joint-Stock Company RAO Energy Systems of the East (JSC RAO ES of the East)

The role performed for RusHydro Group and key activity areas:


The company owns stakes in energy companies operating in the United Energy System of the East (Primorye, Khabarovsk Territory, Amur Region, Jewish Autonomous Region and the Republic of Sakha (Yakutia)), as well as in isolated energy systems and territories technologically unconnected to the United Energy System of Russia and isolated energy systems (northern Yakutia, Sakhalin Region, Magadan Region, Kamchatka Territory, Chukotka Autonomous District).


Mechanisms ensuring accountability and dependence within the Group:


  • RusHydro owns 86,98% of the voting shares of JSC RAO ES of the East, and 99.98% of voting shares are consolidated in the ownership of RusHydro Group;
  • RusHydro exercises the powers of the sole executive body of JSC RAO ES of the East;
  • the Board of Directors of JSC RAO ES of the East is entirely made up of representatives of RusHydro Group.


Information about functional relations between key companies of the Group:


in its activity, JSC RAO ES of the East interacts with RusHydro and electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the Far East energy companies segment [2].



2. Public Joint-Stock Company Far East Electricity Company (PJSC FEEC)


The role performed for RusHydro Group and key activity areas:


The share of PJSC FEEC in the consolidated proceeds of RusHydro Group is 23.44%.


The Company is the main guaranteeing supplier of electricity for the public and enterprises of non-price zone II of the wholesale electricity market and has the status of a Single Purchaser performing the function of purchase and sale of electricity (capacity) to participants of the wholesale market of non-price zone II.


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro controls PJSC FEEC through a controlled organizations, JSC RAO ES of the East and JSC FEGC.
  • JSC RAO ES of the East owns 51.03% of voting shares of PJSC FEEC, JSC FEGC owns 42.35% of voting shares of PJSC FEEC, and 94.51% of voting shares are consolidated in the ownership of RusHydro Group.
  • JSC ESC RusHydro, 100% of whose voting shares are owned by RusHydro Group, exercises the powers of the sole executive body of the Company.
  • the Board of Directors of PJSC FEEC is entirely made up of representatives of RusHydro Group.


Information about functional relations between key companies of the Group:


in its activity, PJSC FEEC deals with electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the Supply companies segment" [3].


Significant change of control of controlled entity occurred in 2020. Following asset swap with SUEK and submission of required offer to PJSC FEEC’s minority shareholders RusHydro Group’s share in the share capital of PJSC FEEC increased from 52.17% to 94.51%.


3. Joint-Stock Company Far East Generating Company (JSC FEGC)


The role performed for RusHydro Group and key activity areas:


The share of JSC FEGC in the consolidated proceeds of RusHydro Group is 8.64%.


The Company produces heat and electricity and provides centralized heat supply for consumers in areas where power plants are located in the Khabarovsk and Primorsky Territories, Amur Region, Jewish Autonomous Region and the southern region of the Republic of Sakha (Yakutia). JSC FEGC is also assigned the function of heat sales to end consumers.


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro owns 79.52% of the voting shares of JSC FEGC, and 100% of voting shares are consolidated in the ownership of RusHydro Group;
  • the Board of Directors of JSC FEGC is entirely made up of representatives of RusHydro Group.


Information about functional relations between key companies of the Group:


in its activity, JSC FEGC interacts with electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the Far East energy companies segment.


Change of type of control of controlled entity occurred in 2020. Following capitalization of JSC FEGC’s intragroup debt before PJSC RusHydro for RUB 40.5 bn, PJSC RusHydro’s direct share in the authorized capital of JSC FEGC amounted to 99.99%, RusHydro Group’s share at 100%.


4. Public Joint-Stock Company Krasnoyarskenergosbyt (PJSC Krasnoyarskenergosbyt)


The role performed for RusHydro Group and key activity areas:


The share of PJSC Krasnoyarskenergosbyt in the consolidated proceeds of RusHydro Group is 7.10%.


The Company is the main guaranteeing supplier of electricity for the public and enterprises on the territory of the Krasnoyarsk Territory.


PJSC Krasnoyarskenergosbyt also offers services for the sale, maintenance and repair of energy accounting meters, high-voltage testing of electrical equipment, and energy audit of facilities, and renders services under agency contracts.


Starting December 1, 2009, the Company renders services for management of multi-unit residential buildings.


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro controls PJSC Krasnoyarskenergosbyt through the controlled companies JSC ESC RusHydro and JSC Hydroinvest.
  • JSC ESC RusHydro owns 66.33% of voting shares of PJSC Krasnoyarskenergosbyt, and 69.4% of voting shares are consolidated in the ownership of RusHydro Group.
  • JSC ESC RusHydro, 100% of whose voting shares are owned by RusHydro Group, exercises the powers of the sole executive body of the Company.
  • 7 out of 9 members of the Board of Directors of Krasnoyarskenergosbyt were elected by the votes of RusHydro Group.


Information about functional relations between key companies of the Group:


in its activity, PJSC Krasnoyarskenergosbyt interacts with electricity companies of the Group, including JSC ESC RusHydro, which organizes electricity sales in RusHydro Group.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the Supply companies segment.


5. Joint-Stock Company Zagorskaya PSHPP-2 (JSC Zagorskaya PSHPP-2)


The role performed for RusHydro Group and key activity areas:


The share of JSC Zagorskaya PSHPP-2 in the value of consolidated assets of RusHydro Group is 5.79%.


The Company implements measures for the organization of construction of Zagorskaya PSHPP-2.


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro owns 100% of voting shares of JSC Zagorskaya PSHPP-2;
  • JSC MC HydroOGC, 100% of whose voting shares are owned by RusHydro, exercises the powers of the sole executive body of the Company.
  • The Board of Directors of JSC Zagorskaya PSHPP-2 is entirely made up of delegates of RusHydro Group.


Information about functional relations between key companies of the Group:


in its activity, JSC Zagorskaya PSHPP-2 interacts with JSC MC HydroOGC, which performs the functions of the sole executive bodies of the majority of controlled companies of RusHydro Group that are customers of construction, and with design organizations of RusHydro Group.


Supplementary information: In the IFRS financial statements of RusHydro Group, JSC Zagorskaya PSHPP-2 is placed in RusHydro generation segment.[4]


6. Public joint stock company «Kamchatskenergo» (PJSC «Kamchatskenergo»)


The role performed for RusHydro Group and key activity areas:


The share of PJSC Kamchatskenergo in the consolidated proceeds of RusHydro Group is 6.38%.


The Company is the main guaranteeing supplier on the territory of the Kamchatka territory.


The company operates within an isolated electric power system. The main market for the products of PJSC "Kamchatskenergo" is the territory of the Kamchatka territory limited by the infrastructure capacities of the Company within the Central power unit.


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro controls PJSC Kamchatskenergo through a controlled organization, JSC RAO ES of the East.
  • JSC RAO ES of the East owns 84.78% of voting shares of PJSC Kamchatskenergo, RusHydro owns 13.93% of voting shares of PJSC Kamchatskenergo, and 98.76% of voting shares are consolidated in the ownership of RusHydro Group.
  • The Board of Directors of PJSC Kamchatskenergo is entirely made up of representatives of RusHydro Group.


Information about functional relations between key companies of the Group:


in its activity, PJSC Kamchatskenergo interacts with electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the the Far East energy companies segment.



[1] More detailed information about material companies is provided in the IFRS financial statements in the Section "Reporting".

[2] Far East energy companies segment consists of the Group`s subsidiaries that generate and distribute electricity and generate, distribute and sell heat in the Far East region of the Russian Federation and render transportation, construction, repair and other services.

[3] Supply companies segment includes the Group’s subsidiaries which sell electricity to final customers. All the entities included in this segment with the exception of JSC ESC RusHydro have the guaranteeing supplier status and are obliged to sign contracts on supplies with all final consumers of their region upon their request.

[4] RusHydro generation segment is represented by the Group’s parent company – PJSC RusHydro and its subsidiaries that produce and sell electricity and capacity, as well as hydroelectric power plants under construction