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Vladimir Putin: RusHydro has a very important role for the country's energy sector - EastRussia | Far East

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Vladimir Putin: RusHydro has great importance for the country's energy industry

Russian President Vladimir Putin held a working meeting with the chairman of the board, the general director of the public company RusHydro, Nikolai Shulginov.

Vladimir Putin: RusHydro has great importance for the country's energy industry
The new head of the holding informed the President about the current tasks of RusHydro, the progress of a number of projects, the development potential of the company and plans for the near future, according to on the website President of Russia.

The President congratulated Nikolai Shulginov on his appointment as the head of one of our largest energy companies, adding that in terms of hydropower, this is probably one of the largest hydropower companies in the world, and expressed the hope that all his experience, knowledge and skills holding company uses to ensure that the company has developed further.

"The RusHydro company has very great importance for the energy industry of the country, there are also problems, of course, but there are obvious advantages and obvious achievements of recent years. And plans, most importantly, serious, big, if not to say - grandiose development plans. So I congratulate you on this appointment. I expect effective, energetic work, "the president said.

For his part, Nikolai Shulginov thanked the president for the high confidence and confirmed that there are large-scale tasks, serious state tasks facing the company.

"Need to work. There is a task on which we are working in accordance with your instructions - the creation of a mechanism for refinancing debts of RAO ES of the East, said the head of the holding.

"This debt on loans and loans was inherited from RAO" UES ", part of it was formed because the tariffs were economically unjustified, did not cover the costs of investment and repair programs. Tariffs covered only the current operation, emergency recovery works. Today, debts are big, the debt load is high.

Therefore, I would like to emphasize once again that as part of your order, a mechanism has been developed that provides for the additional issue of RusHydro shares and the redemption of this issue by VTB Bank, the direction of these funds to pay off these debts.

Still need to consolidate in the "East" all assets, there is such a task. Of course, this mechanism will work if there is still a state guarantee, at least part of these obligations of RusHydro and its subsidiaries. I hope that you support this approach.

The draft decree has been prepared, now it is being approved by the Government, then it will be submitted to you. He provides all these points, including there is a very important point, which envisages the development of a program of measures to increase the value of the company, because this is important for current investors.
There are advances in the station in Blagoveshchensk, this is the second stage of the Blagoveshchensk CHP. I think that this year we will definitely include the launch complex; the rest of my predictions are 2016-2017 hours. There is a criticism in our address on the organization of construction, on the backlog, ”said Nikolai Shulginov.

In general, with regard to RusHydro, the task is to ensure the reliability and safety of generating facilities. As it is known, non-observance of such rules leads to serious accidents, man-made disasters, the management of RusHydro knows this, so the campaign [to ensure reliability and safety] has been developed, the innovation program, modernization is being carried out, we need to update it, we will also deal with it.