En+ continues its multi‑year modernization and sustainability program across its energy and metallurgical assets, strengthening international partnerships and advancing dozens of initiatives aimed at improving environmental and social conditions in the regions where it operates. The company maintains unwavering momentum in upgrading its facilities and expanding its global footprint, despite external headwinds in the year 2023. A centerpiece remains the ongoing modernization of the New Energy hydroelectric complex, with the project pace and investment levels kept intact. The program is guided by a planned total investment of about 300 million dollars through 2026. Early results show the upgrades lifting generation by around 2 billion kilowatt hours while conserving a volume of water comparable to the amount used, delivering moreAffordable electricity to Siberian consumers and industry and reducing reliance on coal powered plants.
A key strategic focus in 2023 has been deepening cooperation with China. En+ and the State Energy Investment Corporation have signed a joint development agreement for the Zashulan coalfield, enabling output to reach up to 5 million tons of thermal coal by the end of 2027. This collaboration underlines the companys intent to expand energy supply options while reinforcing mutual investment signals in the broader energy corridor between Russia and China.
En+ continues to advance renewable energy projects, including the construction of a wind power plant in the Amur region. The facility is planned to have a capacity of 1,058 MW with investments estimated at 60 billion rubles. This initiative aligns with the companys broader transition strategy that blends traditional energy assets with scalable clean energy Development to meet growing demand across the region.
Environmental stewardship remains a core investment priority. En+ published its second progress report on carbon neutrality, reaffirming the ambitious target to achieve net zero emissions by 2050. The mid‑term revision for 2023 calls for a 35 percent reduction in emissions by 2035. In conjunction with the report, En+ hosted its inaugural Carbon Neutrality Day at the Skolkovo Technopark site to highlight its climate actions and long‑term targets to stakeholders.
Respect for ecological integrity is also demonstrated through ongoing efforts around Lake Baikal. In August, more than 1,500 company volunteers gathered and removed 60 tons of waste. In October, over 770 volunteers collected litter across 14.4 hectares during three weekends, with more than 14 tons collected on the October 3 campaign day alone. These campaigns illustrate the companys commitment to regional environmental quality and community engagement.
En+ continues to build its talent pipeline and improve education access. In 2023, the group participated in the federal Vocation program aimed at training skilled professionals to satisfy business needs and accelerate regional development. Two educational institutions, Ust-Labinsk Social Pedagogical College and Irkutsk Energy College, joined the effort to cultivate specialists in computer systems and programming, heating engineering, electrical disciplines, and related trades. The company advocates broadening the federal program to include more teachers and professors, expanding the reach of this workforce initiative.
In addition, the year saw the opening of four Multilab competence centers focused on digitalization and robotics for schoolchildren in Divnogorsk, Bratsk, Angarsk, and Nizhny Novgorod. Equipped with modern computer gear, digital tools, photo and video equipment, and ergonomic furniture, these spaces aim to boost digital literacy among students, their families, and educators. To date seven Multilabs have been launched, with plans to inaugurate three more in 2024, reinforcing a long‑term talent strategy through hands‑on learning.
Industry observers continue to recognize En+ leadership in Russian corporate rankings. The company remained a major investment player in the country in 2023, placing 11th in Forbes with an investment volume of 118.5 billion rubles. En+ has also earned a leading position in ESG transparency among Russian firms and banks per Expert RA and was awarded Gold as one of Russia’s top employers by Forbes, underscoring its strong governance and people practices. [citation: En+ press release]