State support
Pursuant to the Budget Code of the Russian Federation, PJSC Rosseti was granted federal budgetary investments in the form of a contribution to the authorised capital of PJSC Rosseti in the amount of RUB 1,294,025,600 (One billion two hundred ninety-four million twenty-five thousand six hundred) under the agreement between PJSC Rosseti, the Minenergo of Russia and Rosimushchestvo No. 022-18-2023-002 dated 26 December 2023.
On 28 December 2023, the Russian Federation represented by Rosimushchestvo placed 2,588,051,200 new ordinary shares of PJSC Rosseti with a par value of RUB 0.5 each at a offering price of RUB 0.5 for the total amount of RUB 1,294,025,600.
In accordance with the Budget Code of the Russian Federation, subsidiaries of PJSC Rosseti were granted subsidies from the federal budget in 2023 as follows:
- PJSC Rosseti Northern Caucasus in the amount of RUB 1,208.182 million to reimburse expenses related to the maintenance and repair of distribution grids in the Republic of Dagestan, as well as the completing of an emergency reserve with necessary equipment and materials, under the terms of agreement No. 022‑11‑2023‑026 dated 28 December 2023 between PJSC Rosseti Northern Caucasus and the Minenergo of Russia
- JSC Chechenenergo in the amount of RUB 818.124 million to reimburse expenses related to the measures to improve the reliability of the power grid complex of the Chechen Republic under the terms and conditions of agreement No. 022‑11‑2023‑025 dated 22 December 2023 concluded between JSC Chechenenergo and the Minenergo of Russia.