On June 9, Alexander Kukhmay within the framework of working groups discussion of the Fuel and Power Complex Coordination Development Board under the Russian Federation Presidential Plenipotentiary in North-West federal district, presented the circumstantial report “On results of the first year work of the united electric grid company of IDGC of North-West.”

Today, on June 9, Alexander Kukhmay, General Director of IDGC of North-West within the framework of working groups discussion of the Fuel and Power Complex Coordination Development Board under the Russian Federation Presidential Plenipotentiary in North-West federal district, presented the circumstantial report “On results of the first year work of the united electric grid company of IDGC of North-West.”

Reference. According to the results of 2008 the amount of the electric power transmission in the grids of “IDGC of North-West” accounted for 42,437 million kWh. The share at the grid services market accounts for 79%, the connected capacity is 17,664 MVA.

Deputy heads of fuel and energy companies of Russian Federation component units took part in the meeting as well as, Heads of the Electric Power Facilities in the North-West Federal District, Economy and Finance Deputy General Director of JSC “IDGC Holding”, Top Managers of Interregional Distribution Grid Company, and “IDGC of North-West” Branch Directors.

Speaking about the principles of the unified company work, the activity of “IDGC of North-West” is based on, the General Director pointed out two basic aspects – it is the regions interests taking into consideration and the regional principle of the costs division. 

“Taking into consideration of the abovementioned principles we provide the balance of the interest of the territories which belong to the zone of our responsibility as well as the grid organization responsibility”, Alexander Kukhmay said. “The money of the region remains in the region. We strictly adhere to the parity of interests” noted he.

As General Director said, unified electric grid company is fully provides the shared responsibility at all the territory modeling and governing the financial condition of IDGC of North-West branches as independent enterprises.

For the year of work in the status of the unified company, “IDGC of North-West” formed the long term investment strategy which includes: plans of the territories development, schemes of the electric grid objects development, plans of technical re-equipment and reconstruction taking into consideration the physical and moral wear of the electric grid complex.

Amount of the capital investments into IDGC of North-West in 2008 exceeded RUR 4 billion which is RUR 881.6 million higher than the indices of the previous year. The amount of the fixed assets implementation concerning the results of the passed year accounted for RUR 3.9 billion which is higher than the achieved results of 2007 for more than RUR 1.1 million.

Drawing up the clear line of the work directed to the structural interaction with all the objects of electric power, IDGC of North-West is sure that the successful implementation of the long term investment strategy depends on all.

The main sources of financing of “IDGC of North-West” investment programs are the considered in the tariff for power transmission, the depreciation and profit, payment for technological connection and the attracted credit recourses.

“Credit resources are a temporary source of the investment program financing, the instrument of outrunning investment program implementation for the guarantees of the regional administration and the regulator”, said Alexander Kukhmay.

In 2007-2008, “IDGC of North-West” due to the loan means implemented the investment projects accounted for RUR 1,444 million. The most important of them: the construction of high voltage lines of 110 kV “Voivozh-Pomozdino” with the substation of 110 kV “Voivozh” (Komienergo), the construction of 110 kV substation “Steklozavod” with the overhangs of power transmission lines of 110 kV (Volgogradenergo), reconstruction of 110 kV “Shuya” (Karelenergo), reconstruction of 25 kV substation No.8 (Arkhenergo), reconstruction of open distribution device of 110 kV Substation No.53 (Pskovenergo).

Together with this, experience accumulated by “IDGC of North-West” during the implementation of the investment projects, due to the loan means shows that from the part of the regional powers the obligations concerning the inclusion of means for services and the return of the attracted credits to the tariff for power transmission, in full and in the discussed terms is not always implemented.

Thus, despite of the agreement signed with the Vologda Region directed to the realization of the object “construction of 110 kV substation ”Steklozavod” due to the loan means with  their further redemption  through the tariff for transmission of 2009 during the tariff settlement, the credit return in the amount of RUR 150 was not taken into consideration.

“We think that the attracted credit recourses shall be redeemed by the tariff sources. This, from our point of view is quite logical within the framework of territories and grid origination principles account”, notes IDGC of North-West General Director, applying to the participants of the meeting organized under the patronage of plenipotentiary in North-West Federal District.

The position of the authority at the meeting was presented by the Russian Federation Component Units Fuel and Energy Companies Deputies as well as the heads of the regulating bodies of North-Western Region.

“Results of the tariff regulation of 2009 let “IDGC of North-West”, increase the investment program from RUR 2.6 billion in 2008 till RUR 3.3 billion. Together with this, the investment projects of the current year will be implemented only due to the current year depreciation and profit, considered by the regulator in the tariff for power transmission in the power sector”, noted Alexander Kukhmay.