OREANDA-NEWS. May 24, 2007. In the 1st quarter of 2007 JSC “IDGC of Centre and North Caucasus” exceeded the planned figures of Investment Programme: the actual investments amounted to 1 689 115 thousand roubles against the planned 1 228 215, 3 thousand roubles.

Among the investment sources in the 1st quarter this year were the Company internal funds - 1 445 608 thousand roubles, profit - 362 970, 8 thousand roubles, depreciation - 1 071 765, 5 thousand roubles, and attracted funds - 238 546, 6 thousand roubles.

The major part of investments in the 1st quarter was spent on production development:  892 430 thousand roubles –on technical re-equipment and modernization, 772 534   thousand roubles – on new construction and the expansion of operating enterprises, etc.

In the 1st quarter among the priority projects of Investment Programmes carried out by RNCs operating under “IDGC of Centre and North Caucasus” were:

“Tsarevskaya” substation reconstruction of JSC “Astrakhanenergo”, the estimated cost of which is  240 080 thousand roubles. The re-equipment of  “Tsarevskaya” substation as the key link of the Astrakhan city network system and the source of power supply to Sovetsky district in Astrakhan will facilitate the security of power supply in the city.

The power supply of poultry and livestock farms in Belgorod region.

The construction of 110 Kv lines is 31 km long from the 220 Kv “Orbita” substation to the 110 Kv “Volkswagen” substation in Kaluga region. This will help to provide the “Volkswagen” factory with power by using the main circuit and will best facilitate the factory production capacity. The project is estimated at 140 000 thousand roubles.

The construction of the 110 Kv “Nestles” substation and 1,5 km lines in view of power supply to the “Nestles Purina Petker” factory specializing in pet food production (Kaluga region). More than 90 000 thousand roubles shall be assigned to the project.
 
The construction of “Terbunskaya” substation for "Terbun pottery" factory in Lipetsk region. The factory is an enterprise of a special economic zone. In the nearest future there shall be a modern steel construction plant and one of the largest sugar factories in the world with a capacity of 12 thousand tonnes a day. 3 pharmaceutical factories are under construction at the moment. They shall cover ј of the pharmaceutical market.

The complex construction of “Ankudinovka”, “Kuznechikhinskaya”, “Mordvintsevo”, “Varvarskaya”, “Sennaya’ substations in  Nizhny Novgorod region. 4 substations shall be reconstructed: “Sverdlovskaya”, “Kuznechikhinskaya “, “Varya” and “Kovalikhinskaya”.

The total estimated cost of these sites is 2076, 133 thousand roubles.