This forecast was presented by Deputy General Director for Capital Construction at the meeting of the company's heads.

IDGC of North-West's Deputy General Director for Capital Construction Vladimir Bloshchitsyn at the meeting of heads which was held in the Komi Republic, delivered a report on the course of implementation of the company's investment program (IPR) in the 1st half of the year 2009.

As a whole in IGDC of North-West, the indicators for disimbursed capital investments and input of the fixed capital will be executed. The expected target of the half of the year for disimpursement of the fixed capital will equal 896.7 million rubles or 109%; input of the fixed capital will be 536.4 million rubles (135%).

According to Vladimir Bloshchitsyn, the reason for the IPR exceeding as to its all main parameters for the 1st half of the year 2009 are connected, basically, with realization of projects for technological connection of consumers.

Thus, the input of the fixed capital in "Pskovenergo" will considerably exceed the targets and will be 194% or 66.7 million rubles, "Vologdaenergo" - 172% (53.4 million rubles), "Novgorodenergo" - 155% (226.6 million rubles, "Karelenergo" - 144% (13.2 million rubles), "Kolenergo" - 113% (25.6 million rubles).

According to the statistics, the share of the technological connection in the total amount of the disimbursed capital investments in IGDC of North-West constantly grows and compared to 2006 it has increased 4 times (2006 - 6%; 2007 - 17%; 2008 -19%. The 2009 target is 24%).

At the same time, in connection with a growth of non-payments of the marketing companies, it is assumed that as a whole in IGDC of North-West the target for the 1st half of the year 2009 on financing the investment program will be 88% executed and total 1,365.2 million rubles. 

Among the united company's branches following the results of 6 months of the current year, "Pskovenergo" exceeded all planned parameters of the investment program, including IPR financing will equal 126% or 1,216.7 million rubles.

According to Vladimir Bloshchitsyn's report, the volume of construction-in-process at 1 July 2009 in IGDC of North-West will be 1.7 billion rubles. In comparison with Q 1 2009, the growth of the construction-in-process will be 5.7%.

These are assumed figures. They were provided by the Capital Construction Directorate for participants of the meeting of heads of IGDC of North-West which was held in the Komi Republic.