Long-term investment program of IDGC of the North-West has been approved by the Board of Directors of the Company
2014–2019 long-term investment program of IDGC of the North-West (subsidiary company of Russian Grids, JSC) has been generated and approved by the Board of Directors of the Company as amounting to 26.082 bln RUB.
22.156 bln RUB will be allocated for technical re-equipment and reconstruction, 3.890 bln RUB – for new construction, 14 mln – for fixed assets procurements and 22 mln RUB – for R&D.
The amount of fixed assets launch will exceed 27.6 bln RUB. The Company plans to commission 4,256 km of transmission lines and 1,983.93 MVA of capacities. The increment will make 1,293.1 km of overhead lines and 673.52 MVA respectively. The planned volume of funding amounts to 30.009 bln RUB. Among the most critical facilities of 2014–2019 investment program are 23 major investment projects.
By March 15, the investment program will have been forwarded for consideration to the authorized bodies of executive power of the constituent entities of the Russian Federation within the territory whereof IDGC of the North-West operates.