PJSC Polyus
PJSC Polyus (LSE, MOEX: PLZL) ( Polyus , the Company ) announces that an agreement for the supply of environmentally friendly electricity generated by the Sayano-Shushenskaya hydropower plant to Polyus Krasnoyarsk Business Unit ( KBU ) has been signed with PJSC RusHydro, a major Russian hydroelectricity supplier. The agreement assumes the provision of approximately 1 billion kWh of energy to KBU in 2021. Once supplies under this contract commence, 100% of the electricity consumed by Polyus largest producing assets, Olimpiada and Blagodatnoye, will be renewable. Based on this estimate, KBU expects to reduce greenhouse gas ( GHG ) emissions in 2021 by almost half, while company-wide GHG emissions may decrease by a third compared to the previous year. As a result, up to 90% of the electricity demand of the Company s operating assets will now be met by renewable sources.