“Vologdaenergo” plans to spend 815 million rubles, or 69,3% of total investments on modernization and reconstruction of power facilities in 2011.

The investment program for 2011 of “ Vologdaenergo” is approved. Total capital investment in the implementation of investment projects, aimed at reducing of the power shortage in the region, will be 1 billion 175 million rubles.

“Vologdaenergo” plans to spend 815 million rubles, or 69,3% of total investments on modernization and reconstruction of power facilities in 2011. The amount of costs for new construction of substations and power lines  - 360 million rubles.

Within the approved investment program of “Vologdaenergo” were identified the key power objects. In accordance with this list in the current year will continue the reconstruction of the substation 110 kV "Iskra" in the district of the Cherepovets (Vologda region). Capital investment will be about 228 million rubles.

In May 2011 "Vologdaenergo also plans to begin reconstruction of the substation 110 kV" Antushevo in Vytegra district. There will be replaced the transformer and will be  installed a second power transformer with  capacity 6.3 MVA. Cost for the investment project will be  approximately 171.7 million.

Also the company will continue the reconstruction of 35 kV "Belousov-Annenskiy  Bridge" with the transition to a higher voltage - 110 kV. On the implementation of investment project "Vologdaenergo will spend 93.5 million.

One of the priority projects is  construction of the  distribution point of 110 kV and 110 kV overhead transmission line on the territory of the Vologda CHP  to transmit power from the station located on the combined cycle gas turbine 110 MW to the grids of Vologda region. The cost of the project will amount to 159 million rubles.