Key operational risks realised in 2023

Realised risk Indicator Risk realisation in the reporting period (amount of actual deviation of the risk‑underlying indicator from the planned (target) value) Reasons for risk realisation
% abs.

KOR‑003

Risk of deviation of the grid connection scope from the target value set in the business plan

Execution of grid connection agreements −42% −1,934 MW

In 2023, it was planned to execute 135 agreements for a total maximum capacity of 4,571 MW. In fact, 179 agreements were executed, with the maximum capacity amounting to 2,637 MW.

Decrease in the volume of connected maximum capacity by 1,934 MW is due to rescheduling of certificate singing under grid connection agreements for the following reasons:

1. Unpreparedness of applicants, including:

  • Grid connection of recycling CHPP‑2 (PJSC NLMK, agreement No. 754/TP dated 30.11.2021, 300 MW)
  • Grid connection of power plant No.1, Ivanovo CCPPs (JSC InterRAO — Electric Power Plants, 364.5 MW)
  • Grid connection of Roschinskaya 110 kV substation (PJSC Rosseti Lenenergo, agreement No. 233/TP‑M7 dated 16 March 2011, 191 MW)

2. Absence of grid connection fees established by the FAS of Russia, including:

  • Grid connection of Prokat 220 kV substation, Stal 220 kV substation (LLC RNC, 358 MW)
  • Grid connection of Nergen 500 kV substation (LLC Amur Minerals, 250 MW)
  • Grid connection of Novoshakhtinskaya 220 kV substation (JSC Novoshakhtinsky Oil Products Plant, 120 MW)

3. Rescheduling of certificate singing under agreement No. 286/TP‑M6 dated 18.11.2019 with JSC Vyksa Metallurgical Plant, 240 MW in accordance with Additional Agreement No. 2 dated 13.09.2023 (grid connection of GPP-10)

Revenue from grid connection services + 55% + RUB 10,223 mln
Number of executed agreements, signed grid connection certificates + 33% + 44 pcs.