SES (South Verkhoyansk Power Grid)

History

2024: Polymetal became a co-owner of SES LLC

In August 2024, it became known that Polymetal became a co-owner of the power grid company Yuves LLC (Yuzhno-Verkhoyansk Energy Networks), which serves one of the largest gold ore deposits in Russia - Nezhdaninskoye. Polymetal acquired a 33% stake in Yuves LLC from the founder of the company Dmitry Silyutin, which is confirmed by changes made to the Unified State Register of Legal Entities (USRUL).

According to AK&M, YUVES LLC owns assets worth ₽4,9 billion, including high-voltage power lines located in Yakutia. Financing for the construction of these lines was provided with the support of VEB.DV at a rate of 5% per annum. As of the beginning of 2024, the company's debt to VEB.DV amounted to ₽4,5 billion. At the same time, the company, which employs only 5 people, does not directly service its facilities.

source = Polymetal

UVES LLC was founded in 2019 by Dmitry Silyutin, General Director. From 2020 to the beginning of 2024, the company was 99% owned by the Cypriot offshore company, the beneficiary of which was Peter Bartash. A week before the deal with Polymetal, the entire company was re-registered with Dmitry Silyutin, who became the seller of a 33% stake.

The Nezhdaninskoye field is located in the northeastern part of Yakutia, in the Tomponsky district, at a distance of about 480 kilometers east of the city of Yakutsk, where about 350 thousand people live. 110 km from the field is the nearest federal highway, which connects with the river port of Khandyga (170 km) and the railway in Nizhny Bestyakh (540 km).^[1]

Notes