Acting for the benefit of its shareholders, OAO RAO "UES of Russia" seeks to ensure that the value of shares of both the parent company and the companies to be established during the reform years is constantly increasing in the long term. This aim is achieved by means of reforming the electricity industry and enhancing efficiency and transparency of the company's activities and activities performed by entities created in the course of the reform.
With this end in view, the key strategic goals of the company include:
Ensure that the company management focuses primarily on the reform and concrete steps to be taken to implement all reform plans;
Protect the rights of all minority shareholders during corporate reorganization;
Focus on the development and implementation of a fair and transparent regulation system for the operation of transmission and distribution grids;
Improve corporate governance principles and ensure their compliance with the most advanced Russian and foreign standards;
Maintain and further develop the company's position in heat and electricity markets;
Improve the company's cost structure;
Develop professional skills of employees and labour environment;
Improve the company's investment policy.
Restructuring of the electric power industry is the key challenge for RAO "UES of Russia". The reform process is regulated by a whole range of statutory acts. The main goals of the reform are:
Increasing efficiency of energy companies;
Creating opportunities for the development of the sector on the basis of private investments.
OAO RAO "UES of Russia" seeks to achieve the above-mentioned goals, at the same time trying to:
Ensure reliable and sustainable power and heat supply to bona fide consumers in the short and long term;
Maintain a healthy balance between the interests of the company owners, the State and other interested parties, including consumers of goods and services produced in the power sector and the company employees.
OAO RAO "UES of Russia" is one of the largest and most important entities in the electricity industry, which is also subject to restructuring during the reform years. Thus, the company will be actively assisting executive authorities in promoting the reform and developing basic models and mechanisms for its implementation.
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