Rosseti's 2026 investment program may amount to 857 bln rubles

MOSCOW. May 27 (Interfax) - Financing for Rosseti's investment program this year is planned at 857.1 billion rubles, according to the company's draft annual report posted on its website.

Last year, it amounted to 724.9 billion rubles.

"An 18.2% increase in financing of the investment program is envisaged for 2026. The growth in investment is associated with the need for accelerated renewal and development of the electric grid infrastructure, including modernization of facilities, increasing the reliability of the power supply and ensuring technological connection," the document said.

It is planned that 18 GVA of transformer capacity will be commissioned compared to 15.2 GVA in 2025, along with another 27,800 km of power lines compared to 35,700 km in 2025.

The key projects for this year include the installation of energy storage systems in the south, increasing network reliability in a number of regions including Moscow, and the technological connection of large consumers in the North Caucasus Federal District, Siberia and the Far East. This year the company also plans "to put into operation the final facility of the second stage - the 220 kV Komsomolskaya - Baikal - Oune/t - Kuznetsovsky - Landyshi/t - Vanino transmission line with the 220 kV Baikal substation and the 220 kV Kuznetsovsky substation (to ensure electrification of the Volochayevka 2 - Vanino railway section)."

The financing plan for the investment program stipulates 823.6 billion rubles for 2027, 657.2 billion rubles for 2028 and 584.1 billion rubles for 2029.

"The basis of financing the investment program is the group's own funds, with payments for technological connection also providing a significant share. The share of borrowed funds in recent years has not exceeded 20%," the draft report said.

The head of the company, Andrei Ryumin, previously said that the target for the investment program for this year is around 900 billion rubles.

PJSC Rosseti is an electric grid company whose structures manage backbone and distribution networks. In 2023, the reorganization of the grid holding was completed, during which the former FGC UES (which managed backbone networks) was joined by the previously parent company PJSC Rosseti, as well as JSC DVEUK-UNES, OJSC Tomsk Trunk Grids and JSC Kuban Trunk Grids.

After the reorganization, the Russian state's share in Rosseti's capital amounts to 75% plus one share, 6% is held in treasury shares, 1% in quasi-treasury shares (FGC Assets Management LLC), and 18% of shares belong to minority shareholders.