Long‑term development programme

To achieve strategic goals, the Company implements the Long‑Term Development Programme (LTDP)Approved by the Company’s Board of Directors (Minutes No. 526 dated 30 December 2020). for the period of 2020–2024 with an outlook until 2030.

Every year, the Company compiles LTDP progress reports and report on the achievement of key performance indicators. These reports are sent to the Board of Directors of the Company after being reviewed by an independent auditor. Annual reports are then submitted to the MED, Minenergo of Russia and Rosimushchestvo. Representatives of the professional community and federal executive authorities participate as members of the Strategy Committee in discussing the LTDP progress as part of the review of its progress reports.

The auditor issued an opinion dated 27 April 2024 on the reliability of the information reflected in the LTDP Progress Report on the implementation of planned activities, achievement of key performance indicators and correctness of conclusions on the reasons for deviation of actual results from those planned for 2023, as well as on the Company’s compliance with the requirements and recommendations for the preparation of the LTDP progress report.

In 2023, pursuant to the decision of the Board of Directors of PJSC Rosseti (Minutes No. 615 dated 17 April 2023) adopted in compliance with the directives of the Government of the Russian Federation No. 991p‑P13 dated 31 January 2023, the LTDP was amended to include the target KPI values for 2023, 2024, and 2025Resolution of the Board of Directors dated 14 April 2023 (Minutes No. 615 dated 17 April 2023)..

The Company plans to develop a new LTDP after the completion of the current LTDP in 2024.