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PM Mishustin praises active work of government, Rossetti in Donbass and Novorossiya

The Prime Minister noted that stable operation of power grids had a direct impact on the dynamics of the Russian economy

MOSCOW, December 18. /TASS/. The Russian government and Rosseti are working together to solve the problem of power supply in Donbass, Novorossiya, and the border regions, Russian Prime Minister Mikhail Mishustin said at a meeting wih CEO of Rosseti Group Andrey Ryumin.

"A very important issue is our new regions, the power supply. I know that you personally monitor all issues related to Rosseti's work there. We are actively cooperating with you on power supply to the border regions. These are the Kursk, Bryansk, and Belgorod regions. We have talked with you about restoring emergency situations and building new facilities," Mishustin said.

The Prime Minister also noted that stable operation of power grids has a direct impact on the dynamics of the Russian economy, the positive trend must be maintained next year. "The stable dynamics of the Russian economy is largely due to our power grid complex and its stable operation. Undoubtedly, it is very important to continue so that this positive trend continues in the coming 2025," the Prime Minister said.

In turn, Ryumin said that 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). "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.

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