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FGC UES to improve quality of control over technical condition of substations

In 2019, FGC UES, PJSC (PJSC ROSSETI) will take a package of measures aimed at improving control over the technical condition of thirty-one 220-750 kV substations in St. Petersburg and Leningrad region, the company informed.

The company has purchased equipment for testing power units using new frequency analysis methods, arranged a chemical laboratory for testing transformer oil samples, trained 700 employees of the FGC UES branch Main Power Transmission Lines of Northwest. These measures will improve reliability of power supplies to the region with a population of more than 7 million people.

Federal Grid Company of Unified Energy System, Public Joint-Stock Company (FGC UES, PJSC, tax number: 4716016979) is the owner and operator of the Federal Grid. FGC UES operating 142.4 thousand kilometers of transmission lines, 944 substations with the total installed transformer capacity over 345.1 thousand MVA is the world's largest grid company in terms of the length of power transmission lines and the transformer capacity of 220 kV and more. Pursuant to the RF President's Decree dated June 14, 2013, the state-owned 80.13% stake in FGC UES, PJSC was contributed to the authorized capital of Russian Grids (now called PJSC ROSSETI) to complete the key stage of the structural reorganization process for the bulk transmission and distribution grid assets.

IFRS profit of FGC UES, PJSC for Q1 2019 increased by 35% to RUB 20.3 billion from RUB 27.4 billion. Revenue decreased by 5.3% to RUB 60.7 billion from RUB 57.5 billion, adjusted EBITDA increased by 4.8% to RUB 35.2 billion from RUB 36.9 billion.

Adjusted RAS net profit of PJSC FGC UES for H1 2019 increased by 12.7% to RUB 22.936 billion from RUB 20.345 billion a year earlier. Net profit decreased by 0.2% to RUB 28.668 billion from RUB 28.732 billion, revenue increased by 6.7% to RUB 112.994 billion from RUB 105.850 billion, adjusted EBITDA by 6.1% to RUB 73.452 billion from RUB 69.233 billion.

"AK&M", 08.08.2019 13:32


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