ABOUT THE COMPANY

RAO "UES of Russia" is the world's largest electricity holding company.

 

Company's Mission:

In the interests of its shareholders, RAO "UES of Russia" seeks to ensure a long-term growth of the market value of its shares and shares of the companies that are to be established in the course of restructuring through a successful implementation of the sector reform and increased efficiency and transparency of the Company's operations.

 

The key elements of the Company's strategy are:

  • making the reforms and steps for their implementation a priority for the Company's management;
  • improving the corporate governance principles which take into account the rights of all shareholders, and ensuring that these principles comply with the advanced standards of Russian and foreign companies;
  • maintaining and further developing the Company's foothold in the heat and electricity markets;
  • optimizing the Company's cost structure;
  • enhancing the professional skills of the Company's employees and improving the social and labour relations;
  • improving the Company's investment policy.

The Company's Structure

RAO "UES of Russia" is the most important part of Russia's electricity industry. Structurally, it is comprised of the Company, the Holding Company, and the Group.

Company the Parent Company of RAO "UES of Russia".
Holding Company the Company together with its subsidiaries and dependent companies (SDCs) directly engaged in the generation, dispatching, transmission, and sales of electricity and heat.
Group the Holding Company and all other subsidiaries and dependent companies, including those involved in design, research and development, construction, and ancillary services, as well as organizations engaged in non-core activities.

 

RAO "UES of Russia" plays a key role in the national economy.

The Holding Company of RAO "UES of Russia" ranks among Russia's top three companies in terms of sales. In 2003, the sales revenue of the Holding Company's entities reached RUB724.9 billion.

The Company is one of Russia's major taxpayers. The Holding Company's enterprises paid RUB99.5 billion to the consolidated budget of the Russian Federation in 2003.

RAO "UES of Russia" is the largest employer in Russia, with the average number of employees working in the Holding Company's entities making 577,600 people.

 

 

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