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IDGC of the North-West

December 22, 2010

The IDGC North-West Board of Directors has approved the “Investment Program 2011” of $ 4,861 million rubles (VAT is not included)

The share of new construction will be 23,5% of total investments.

21 December 2010 ,the Board of Directors IDGC North-West approved the Company's investment program for 2011. Preliminarily, investment program was approved by the Committee for Strategy and Development.

Capital investments in 2011 will amount to 4,861 rubles (VAT is not included). Fixed assets is planned in the amount of 4,064 rubles. The input power - 329.04 MVA.

Investment program in 2011 is 1,2 times more than in 2008, 1,8 times more than  in 2009, 1,9 times more than  in 2010, due to the fact, that several branches of the Company were switched to  the long-term RAB-based tariff regulation.

The share of new construction will be 23,5% of total investments. In the frames of the consolidation of power grid assets is planned acquisition in the amount of 35.7 million rubles.

 

 

 

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