Polyus PJSC (MOEX — PLZL) («Polyus», or the «Company») has fully covered its electricity needs in 2024 with renewable energy from hydroelectric power plants («HPPs») through Russian national certification system of electricity origin.
Under the agreement with PJSC RusHydro, the Company acquired renewable energy attributes equivalent to approximately 1.8 billion kWh generated by the Sayano-Shushenskaya HPP. The transaction has been recorded in the registry by the electricity origin certification system operator — LLC Energy Certification Center.
Alexey Kaplun, Energy Development Director at Polyus, commented:«Since 2021, Polyus has been covering 100% of its electricity consumption with renewable energy. Maintaining this practice remains a key priority within our Climate Strategy and Sustainable Development Goals. That is why we are pleased to be able to leverage the green tools provided by the national certification system».
Polyus
Polyus is the fourth largest gold producer in the world in terms of production and has one of the world’s largest gold reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk Territory, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
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Forward-looking statements
This announcement may contain «forward-looking statements» concerning Polyus and/or Polyus group. Generally, the words «will», «may», «should», «could», «would», «can», «continue», «opportunity», «believes», «expects», «intends», «anticipates», «estimates» or similar expressions identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the corresponding forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus’ and/or Polyus group’s operations. Many of these risks and uncertainties relate to factors that are difficult to predict accurately and which are beyond the control of Polyus/or Polyus group. Therefore, undue reliance should not be placed on such statements, which speak only to the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.