Rosseti

Rosseti, officially known as PAO Rosseti, is a Russian power company that operates in the electricity industry. It was established in 2008 as a result of the reorganization of RAO UES (Unified Energy System of Russia). The company is involved in the distribution of electric power and operates through interregional and regional distribution grid companies (IDGCs/RDGCs), research and development institutes, design and construction institutes, and construction and sales entities.

Rosseti's property portfolio includes interests in 44 joint-stock subsidiaries and affiliates, including 11 IDGCs and 5 RDGCs. The government is the controlling shareholder, owning 53.69% of the company as of March 31, 2011. The company's operations cover a wide range of voltage types, from 0.4 kV to 220 kV, and its power network spans over 2.1 million kilometres, making it one of the world's largest electric grid companies in terms of network spread and customers.

In terms of financials, Rosseti reported revenue of $15.9 billion, operating income of $2.34 billion, net income of $1.63 billion, total assets of $103 billion, and total equity of $24.5 billion in 2019.

The history of Rossetti can be traced back to the reorganization of RAO UES (Unified Energy System of Russia), which occurred in 2008. RAO UES was a vertically integrated energy holding company that controlled the majority of Russia's electricity generation, transmission, and distribution assets. As part of the restructuring process, RAO UES was divided into several separate companies, including Rosseti.

Rosseti was established as a Russian power company with a focus on electricity distribution. Its full name is PAO Rosseti, where "PAO" stands for Public Joint Stock Company. The company operates through interregional and regional distribution grid companies (IDGCs/RDGCs), research and development institutes, design and construction institutes, and construction and sales entities.

The purpose of creating Rosseti was to enhance the efficiency and reliability of electricity distribution in Russia by separating the distribution function from the generation and transmission segments of the energy industry. This reorganization aimed to promote competition, improve infrastructure, and modernize the country's electricity system.

As a result of the reorganization, Rosseti became responsible for the distribution of electric power in various regions of Russia. The company comprises interregional and regional distribution grid companies, which are subsidiaries located in different constituent entities of the Russian Federation.

Since its establishment, Rosseti has focused on expanding and modernizing the electricity distribution grid. The company has invested significant funds in developing electric grid facilities, including the construction of new substations, power transmission lines, and other infrastructure. Rosseti has also emphasized the implementation of technological innovations to improve the efficiency, reliability, and quality of electricity distribution.

Rosseti has become one of the leading electric power companies in Russia and globally. It is recognized for its extensive network spread, serving millions of customers, and its commitment to energy conservation, efficiency, environmental protection, and occupational safety.

In terms of ownership, the Federal Agency for State Property Management holds the majority stake in Rosseti, with an 88% ownership share. The company is also listed on the Moscow Exchange, the primary stock exchange in Russia, under the ticker symbol MCX: RSTI.

Throughout its history, Rosseti has played a crucial role in ensuring the reliable transmission and distribution of electricity in Russia, supporting economic development and improving the quality of life for people across the country.

The mission of Rosseti is to provide reliable and high-quality electricity transmission and distribution services, ensuring the accessibility of the distribution network infrastructure. 

The company aims to utilize energy-efficient technologies and innovations while maintaining international quality standards for its services and adhering to the best practices of corporate management. Rosseti strives to contribute to the economic development and well-being of the regions it serves by ensuring a stable and secure supply of electricity.

Rosseti envisions itself as a leader in the electric power industry, both in Russia and globally. The company aims to be recognized for its technological advancements, operational excellence, and commitment to sustainability. Rosseti seeks to continuously improve the reliability and efficiency of its electricity transmission and distribution systems, while actively pursuing energy conservation, environmental protection, and occupational safety measures. 

The vision of Rosseti is to contribute to the development of a modern and sustainable energy sector, supporting the needs of customers, communities, and the overall growth of the Russian economy.

Rosseti primarily offers products and services related to the transmission and distribution of electrical power. As a major Russian power company, it plays a crucial role in ensuring the reliable supply of electricity to consumers across various regions. Here are some key products and services provided by Rosseti:

• Electric Power Distribution: Rosseti operates an extensive network of distribution grids, comprising interregional and regional distribution grid companies (IDGCs/RDGCs). These distribution grids are responsible for delivering electricity from transmission lines to end consumers, including residential, commercial, and industrial customers.
• Grid Connection Services: Rosseti provides grid connection services to customers who require access to the electricity distribution network. This includes establishing new connections, expanding existing connections, and facilitating the integration of distributed generation sources, such as solar or wind power, into the grid.
• Power Transmission: While Rosseti's primary focus is on distribution, it also plays a role in power transmission. The company collaborates with transmission system operators to ensure the smooth transfer of electricity from generation sources to distribution grids. This involves the management and maintenance of high-voltage transmission lines and substations.
• Infrastructure Development: Rosseti invests in the construction and development of electric grid facilities, including substations, power transmission lines, and other infrastructure. These investments are aimed at improving the efficiency, reliability, and capacity of the distribution network, catering to the growing demand for electricity in Russia.
• Technological Innovations: Rosseti places a strong emphasis on technological advancements in the electricity distribution sector. The company actively explores and implements innovative solutions to enhance grid performance, energy efficiency, and operational management. This includes the integration of smart grid technologies, advanced metering infrastructure, and digital monitoring systems.
• Energy Conservation and Efficiency: Rosseti is committed to promoting energy conservation and efficiency measures. The company implements programs and initiatives aimed at reducing energy losses during transmission and distribution, optimizing network operations, and promoting sustainable energy practices.
• Consulting and Expertise: Rosseti leverages its expertise and knowledge in the energy sector to provide consulting services and support to government bodies, industry stakeholders, and other organizations. This includes offering guidance on energy policies, regulations, technical standards, and best practices related to electricity distribution and grid management.