30 March 2017, a meeting of the Board of Directors of IDGC of Centre (hereinafter – the Company) was held. The meeting approved the draft of amendments entered into the Company’s Investment Program for 2016-2020, approved by Order of the Ministry of Energy of Russia dated 22.12.2016 ¹ 1386, with the extension of the planning period up to 2022. The main reasons for adjusting the Investment Program are: adoption of tariff and balance decisions for 2017, updating of commitments for grid connection and taking into account actual results of the Company’s Investment Program in 2016.

The indicators of the Company’s adjusted Investment Program for 2017-2022:

* IDGC of Centre’s Investment Program for 2016-2020, approved by Order of the Ministry of Energy of Russia dated 22.12.2016 ¹ 1386.

The volume of financing of the adjusted Investment Program of the Company for 2017-2022 at the expense of the Company’s own funds will amount to 95.5%, including with depreciation at 82.4%, borrowed funds will be 4.5%. 38.6% of capital investments are planned to be spent on new construction and expansion, 61.4% on technical re-equipment and reconstruction. About 32% of the adjusted Investment Program for 2017-2022 is planned to be spent on financing facilities of preferential grid connections.

Based on the results of implementation of the adjusted Investment Program of the Company in 2017-2022, the Company will achieve its main goals: reliable and uninterrupted power supply to consumers in the company’s service area, as well as fulfillment of the Company’s obligations for connection of customers to the Company’s electric grid facilities in accordance with the current legislation.

Other IR pieces of the Company’s news can be found on the website: https://www.mrsk-1.ru/en/investors/presentations/ir_news/.