The company’s investment programme is based on an integrated system of ranking in which projects are ranked by how effective they are in terms of cost, whether or not they are technologically relevant and how they align with the strategic vision of the Company.
There are 5 types of projects:
They are ranked on a scale from 0 to 100.
Upon preparation of supporting materials, the rank value gets adjusted so as to reflect the cost efficiency, technological and strategic relevance of the project, with all factors contributing equally to the resulting rank.
The maximum value for each criteria is 10 points. Technological and strategic relevance is assessed by JSC FPC experts; cost effectiveness is determined through analysis of the project’s IRR. The greater the rank, the higher the priority of the project and the greater the chance that it will be included in the investment program.
| Project type | Project status | Initial rank |
|---|---|---|
| Projects in progress | In progress | 90 |
| Replacement of retiring fixed assets, resulting in an economic impact | New | 70 |
| Cost effective projects | 50 | |
| Replacement of retiring fixed assets, resulting in a technological impact | 30 | |
| Technological and social projects | 10 |