About RUR 23.5 million of capital investments were allocated by Chuvashenergo branch of IDGC of Volga, JSC for the 1st quarter of 2008 for the implementation of the company’s investment program.

These funds were mostly spent for the modernization completion of complete outdoor switchgear of 10 kilovolt at “Khmelmash”110/10 kilovolt substation. A part of equipment for the reconstruction of substation “Strelka” and started the reconstruction of OL-10 kilovolt #6 “Shorchekasy” from substation “Broilernaya”, OL-10 kilovolt #3 from Regional Enterprise “Shumshevashi” and OL - 10 kilovolt “Pravda” has been also ordered.

Besides, the part of funds was directed for execution of design and survey works for the reconstruction of OL-10 kilovolt “Chemercheevo”, and OL-0.4 kilovolt in village Torkhany.

We would like to remind that pursuant to the investment program, the business plan of Chuvashenergo Branch of IDGC of Volga, JSC in 2008 is constituted with the volume of capital investments in the amount of RUR 535,078.