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Rosseti Volga

June 24, 2010

The Annual General Shareholders Meeting of «Interregional Distribution Grid Company of Volga», Joint Stock Company took place in Saratov

During the meeting the shareholders of IDGC of Volga, JSC have considered the basic results of financial and economic activity of the Society. In the performance the General director of the company Vladimir Ryabikin has noted: «The year 2009 became a serious test for IDGC of Volga because of negative influence of the financial crisis which consequence was reduction of demand for services in transfer of the electric power and technological joining. However the measures taken by our management to increase the efficiency of financial and industrial resources have allowed to execute all planned investment and financial plans, to provide accident-free passage of the period of an autumn-winter period».
Following the output of work the positive financial result has been received for 2009 of IDGC of Volga, JSC on net profit at a rate of 141,6 million rbl. Growth of capitalisation of the company in 2009 has made 93 % in relation to 2008 (as of 12/31/2009). During 2009 448 km of transmission lines and 396 ĢVĄ transformer capacity for a total sum of 3,730 billion rbl are commissioned.
On Annual General Shareholders Meeting also was confirmed the new edition of the Charter of the decision on a choice of the auditor accepted, new structures of Board of directors and the Society Revision committee were selected.

 

 

 

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