Investment Committee

Dear Shareholders,


The Committee’s actions are intended to assist the Board of Directors in effectively resolving matters pertaining to investment activities, reliability, energy efficiency, and innovative development of the Company and the Rosseti Group in general.

In the reporting period, the Committee reviewed the progress of the Company’s Investment Programme for 2020–2024, as well as its adjustment, and dealt with the issues of price audit and technological audit of investment projects. It can be separately noted that the Company has fulfilled tasks of strategic importance, including the activities under the Comprehensive Plan for Modernisation and Expansion of Backbone InfrastructureApproved by Executive Order of the Government of the Russian Federation No. 2101-r dated 30 September 2018..

Special attention was paid to studying the development of the production asset management system, import substitution issues at the Rosseti Group, as well as deliverables of the Innovative Development Programme and grid connection activities.

All of these areas will see continued effort in the upcoming corporate year.

Recommendations developed by the Committee during the consideration of issues contributed to the effective fulfilment of the Board of Directors’ tasks and achievement of the Company’s goals in the field of investment improvement.

Chairman of the Investment Committee


The activities of the Committee are regulated by the Regulations on the Investment Committee of the Board of Directors of the Company as amended and approved by the resolution of the Board of Directors dated 7 April 2022Minutes of meeting of the Company’s Board of Directors No. 570 dated 8 April 2022..

Members of the Investment Committee

Full namePosition and place of employment are as of the date of the last election to the Committee., position Composition of the Committee from 01.01.2023 to 07.06.2023Resolution of the Board of Directors dated 19 August 2022 (Minutes No. 587 dated 22 August 2022). Composition of the Committee from 07.06.2023 to 20.12.2023Resolution of the Board of Directors dated 7 June 2023 (Minutes No. 620 dated 7 June 2023). Composition of the Committee from 20.12.2023 to 31.12.2023Resolution of the Board of Directors dated 20 December 2023 (Minutes No. 637 dated 22 December 2023). Participation in Committee meetings in 2023
Director 2‑10
Chairman of the Committee
Independent Director 		+ + + 12/12
Grigory Gladkovskiy
Company’s Deputy Chief Engineer 		+ 4/4
Vladimir Gritsenko
Member of the Presidium of OPORA RUSSIA 		+ 4/4
Ivan Kunets
Deputy Director of the Department of Operational Management in the Fuel and Energy Complex of the Ministry of Energy of Russia 		+ 4/4
Elena Medvedeva
Director of the Department of OperationalManagement in the Fuel and Energy Complex of the Ministry of Energy of Russia 		+ + 8/8
Alexey Molsky
Deputy General Director for Investments and Capital Construction of PJSC Rosseti 		+ + + 12/12
Sergey Pavlushko
First Deputy Chairman of the Management Board of JSC SO UPS 		+ + + 12/12
Director 1‑6 + + 8/8
Ivan Selivakhin
Financial Director of JSC ATS, Council of the Chairman of the Management Board of NPP Market Council Association 		+ 4/4
Vyacheslav Skulkin
Deputy Director of the Electricity Development Department of the Ministry of Energy of Russia 		+ + + 9/12
Artem Chesnokov
Assistant to the Minister of Construction, Housing and Utilities of the Russian Federation 		+ resigned 5/7
Natalya Chukicheva
Deputy Director of the Capital Investment Department of the Ministry of Construction, Housing and Utilities of the Russian Federation 		+ 1/1

Activities in 2023

In 2023, the Investment Committee met 12 times and considered 22 issues.

Meeting form Number of meetings Number of issues considered
In person 2 5
In absentia 10 17
Matters reviewed by the Investment Committee, %
Key Focus Areas of the Investment Committee Key Issues Reviewed
  • Discussion of the investment programme and its progress reports
  • Discussion of innovative development programmes, R&D and technological development
  • Development of the UPS of Russia and programmes for the development of power distribution grids
  • Consideration of individual key projects

On recommendations to the Board of Directors of PJSC Rosseti on matters related to:

  • Adjustment of the investment programme of PJSC Rosseti for 2020–2024
  • Review of progress reports on the Plan for the Development of the Production Asset Management System of PJSC Rosseti
  • Consideration of reports on audits of investment projects
  • Consideration of the progress report on investment programme, including projects of federal significance
  • Approval of the Quality Policy of the Rosseti Group
  • Results and plans aimed at import substitution at the Rosseti Group
  • Approval of the progress report on innovative development programmes
  • Results of grid connection activities
All the decisions proposed by the management were approved by the Committee members.