Strategy
Our strategy is focused on optimizing distribution of available financial resources and ensuring maximum technological innovation in order to secure reliable supply of heat and electricity.
To improve operational and financial performance, we are trying to pursue efficient sales policy, optimize our pricing, enter system services market, and reduce our cost base.
To ensure efficient implementation of this policy, we launched a series of initiatives in a number of areas:
Electricity generation:
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We work on deploying an equipment lineup and load optimization system, increasing efficiency of power generating units, reducing internal energy consumption, upgrading commercial fuel usage and power delivery meters.
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OGK-1 works on transition to planned repair and maintenance from formal schedule of repairs on a need-driven basis where appropriate and permitted by industry regulations. These activities will also help us address other important challenges, in particular to increase equipment availability for power generation from 84.5% to 85.8%, and to improve workflow reliability by keeping process breakdowns and damage from them within acceptable limits.
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We are committed to reducing atmospheric emissions, minimizing our impact on water bodies and reducing amount of gold mine tailings.
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We develop a balanced portfolio of accounts with open bilateral energy and power supply agreements, design individual offerings for each customer segment, develop our analytical businesses, automate sales management processes and expand geography of our sales to maximize our profit and diversify our risks.
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We established individual payee accounts, introduced claim management process and develop consumer-specific individual debt settlement frameworks.
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One of the objectives of Russian energy industry reform was to attract private capital to finance upgrades of core generating equipment at existing power plants and to build new generating facilities. OGK-1 works on bringing external financing to investment program.
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Our financial policy is focused on maintaining balanced debt to equity ratio, ensuring sufficient liquidity and maintaining attained credit ratings, debt/EBITDA ratio and optimal capital structure.
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We are committed to protecting rights of all shareholder groups, developing corporate governance structure, improving internal audit and risk management systems and disclosure procedures, and reinforcing control of insider trading.
