Tyumenenergo

Last year our country met new challenges, which required qualitatively new solutions.

An uneasy economic situation, which required significant improvement of internal efficiency, influenced the activity of Rosseti group of companies.

This included the matter of import phase-out, which became vitally important for the electrical grid complex. It is gratifying to emphasise that JSC Tyumenenergo primarily works with Russian equipment manufacturers and is the customer and co-author of a number of homegrown innovation developments.

Currently, one of overriding priorities is providing for financial stability of electric grid enterprises.

It is very important to treat any assimilation in a responsible manner and increase total resource effectiveness, which the Company management is successfully achieving. Thus, the long-term Performance Management Program is in effect in JSC Tyumenenergo and, thanks to it, the company reduces operational expenses focusing on the management cost reduction.

The high-level corporate management is one of the factors, assuring effective performance of the Company. In 2014, the Board of Directors held 21 meetings, at which the key strategic issues of the Company development were reviewed. The decisions, made by the Board of Directors and managers, and the work carried out throughout the year, assured sustainable performance of JSC Tyumenenergo.

The Company successfully reaches its primary goal — reliable and high-quality electrical supply to consumers.

JSC Tyumenenergo keeps the lowest loss on grids value among other affiliates of JSC Rosseti, which is 2.55% and shows significant reduction in the number of emergencies.

I would like to give thanks to the members of the Board and managers of the company for the effective and coordinated teamwork that shows high results, and for an affirmative and comprehensive approach to the development of grid infrastructure for the benefit of consumers.

I am confident that, in 2015, JSC Tyumenenergo will secure stable rates of performance indicator growth and capital appreciation for the benefit of the shareholder.