Federal Grid Company - Rosseti - Company Profile

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Federal Grid Company - Rosseti: Segment Analysis

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Business Description

Federal Grid Company - Rosseti (FGC Rosseti) is primarily engaged in electricity transmission services and grid connections. The company operates within the energy sector, focusing on the transmission of electricity across its extensive grid network. It transmits electricity to distribution grid companies, large commercial end customers and retail electricity supply companies; and provides connection services. FGC Rosseti operates its business through three segments: Electricity Transmission, Technological Connection, and Other. The company has 46 regional branches which include 7 branches for main power systems, one branch of the Centre for Technical Supervision, 37 branches of Main Power Grid Enterprise and Bely Rust specialized production base. In FY2023, the company incurred a capital expenditure of RUB468,698 million which was 33.9% of the company's total revenue and grew 29.2% YoY.

R&D Overview

FGC Rosseti undertook several R&D initiatives in 2023, focusing on key areas such as the transition to digital substations, smart grids, integrated efficiency of business processes, and the application of new technologies and materials in the electric power industry. Notable projects included the development of a software and hardware complex for digital substations, a digital RPA complex with a substitute digital panel, an automatic control system for power storage systems, and an automated machine learning-based classification system for information security incidents. Additionally, the company was also involved in the development of energy-efficient transformer cooling control systems. The company's R&D units include the MPG Centre, which is responsible for the development and piloting of new technologies and systems. Voronezhenergo, a branch of PJSC Rosseti Centre, also plays a role in implementing R&D prototypes. In FY2023, the Research and Development Expenditure was RUB1,130 million which was 0.1% of the company's total revenue and grew 10.8% YoY.

Business Segments

Overview

Provides energy connection services to devices from power generation facilities and electric grid facilities to the electric grid system.

Performance

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Overview

Involved in the transmission of electricity to and from the grid, through its subsidiaries across the distribution grid complex. Focuses on loss reduction measures such as preventing off-the-meter electricity consumption and improving the efficiency of grids and power facilities through the renovation and reconfiguration of grids, along with the reduction of power consumption for operational needs.

Performance

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Overview

Includes revenue generated from various services rendered to non-tarrif areas.

Performance

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