The total of "Pskovenergo's" financial investments into implementation of the investment program within five years will be almost RUR 7.5 billion.

The Administration of the Pskov Region approved the long-term investment program of IDGC of North-West's branch "Pskovenergo" for 2011-2015. The program includes several blocks aimed to modernize and develop the power system of the region. Key lines of the investments are construction of new energy facilities, modernization and reconstruction of the existing grids.

The long-term strategy of development of "Pskovenergo" covers the growing needs of the region for new capacity and potential investors’ interests to the maximum. The program provides for construction of new energy facilities and increase in the transmission capacity of the existing feeding centers for the purposes of realization of the investment projects appearing in the Pskov Region.

Beginning of construction of the new 110/10 kV substation "Stupnikovo" in the Pskov District is scheduled for 2011. This substation will supply electricity to the like-named industrial estate, the territory of which should room a number of production sites - machine building, instrument making, food processing, medical equipment industries, etc. 

One more 110/10 kV "Moglino" substation is planned to be constructed from 2013 through 2015 to supply electricity to the industrial estate in Moglino.
Besides, the investment program of "Pskovenergo" provides for construction and reconstruction of electric grids actually in all districts of the region. This will allow for elimination of deficiency of capacity and covering of prospective loads when commissioning new facilities of agricultural complex, industrial estates, tourist recreation zones and other investment sites.

As a whole, realization of the actions of the electric grid facilities development program till 2015 assumes commissioning of 325 MVA of transformer capacity and reconstruction of over 500 km of overhead and cable power lines of various voltage classes. Renovation of abandoned unattended grids is also planned to be carried out within the framework of the investment program implementation.
The program has been developed in view of adoption by "Pskovenergo" of the long-term tariff RAB regulation method since 1 January 2011. The total of the company's financial investments into the investment program implementation within five years will be almost RUR 7.5 billion.