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Rosseti Centre

September 17, 2015

IDGC of Centre, PJSC held a meeting of the Board of Directors, the adjusted Investment Program for 2015 was approved

September 14, 2015 a meeting of the Board of Directors of IDGC of Centre, PJSC was held. The meeting approved the adjusted Investment Program of the Company for 2015. The need for adjustment arose because of taking into account the results of approval of the Investment Programs with the executive authorities of the regions of the service area, as well as the inclusion of additional facilities under a concession agreement with the administration of the Tambov region.

The volume of financing of capital investments of the adjusted Investment Program amounts to 14,4 billion rubles. During the implementation of the adjusted Investment Program it is planned to commission 1022 MVA of transformer capacity and 3870 km of overhead and cable lines. Within the framework of the signed concession agreement the grid infrastructure for businesses in growing and processing of poultry meat will be created. The project is carried out in the form of public-private partnership and is of great importance for the economic development of the Tambov region.

All companies within the Group "Rosseti" pay special attention to the development of the agro-industrial complex and contribute significantly to the Food Security Doctrine of the Russian Federation, the development of rural areas, ensuring the restructuring of agriculture from inefficient to modern innovative productions. In addition, the development of the largest agricultural enterprises is the task of import substitution and the implementation of the state program of development of agriculture in 2013 - 2020.

Other IR-news of the Company can be found at: https://www.mrsk-1.ru/ru/investors/presentations/ir_news/




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