MOSCOW, December 18. /TASS/. Rosseti Group's revenues by the end of 2024 will exceed 1.5 trillion rubles ($14.49 bln), the company's investment program this year increased to a record 650 bln rubles ($6.28 bln), the group’s CEO Andrey Ryumin said at a meeting with Russian Prime Minister Mikhail Mishustin.

"We expect that by the end of 2024 Rosseti Group's revenues will exceed 1.5 trillion rubles," he said.

At the same time, the company's investment program will amount to 650 bln rubles ($6.28 bln). "In general, when we talk about our investment program, it increases from year to year, and this year it will be about 650 bln rubles. This will be another record for Rosseti," Ryumin added. Last year, the company's investment program amounted to 540 bln rubles ($5.22 bln).

"In general, based on the expected results for the year, I can say that we see positive dynamics in almost most of our key indicators," he noted.

According to the results of the first half of the year, the group's revenues increased by 6% to 720 bln rubles ($6.95 bln), Ryumin reported.

Rosseti is one of the world's largest power grid companies. The group includes 45 subsidiaries and affiliates, including 19 grid companies.