OREANDA-NEWS. The All-Russia conference opened today at JSC “Belgorodenergo”, in the course of which the power grid company top managers will discuss financial and economic items as well as problems concerning investment programs implementation.

Anton Kolesnikov, Deputy Head of Economics and Finance of JSC “FGC UES” of IDGC Management Center, Yuri Pankstyanov, Head of the Tariffication Department of IDGC JSC “FGC UES” as well as financial executives of Russian power grid companies participated in the conference. JSC ‘IDGC of Center and North Caucasus” organized the forum.

A panel discussion was held on the first day of the conference. Key aspects to be resolved were highlighted. They include capitalization increase of distribution grid complex and conversion to tariff capacity.

Anton Kolesnikov marked the notable financial achievements and the successful 2006-2007 tariff campaign for the distribution complex. The JSC “IDGC of Center and North Caucasus” profit for the previous year equaled more than 2,344 mld rubles (exceeding the plan by 394,1 mln rubles) and it shall be spent on investments for new construction and equipment.

The investment component was added to the approved tariff for new connections in most RGCs of JSC ‘IDGC of Center and North Caucasus” service area which will allow to increase investments this year.

The agenda included the following items: tariff regulation for power energy transportation and new connections in 2007, establishing long term tariffs, applicable law alterations, price policy and etc. 

One of the working groups will look into implementing practices of the budgetary management automated system and ways of key efficiency index determination for the forthcoming year.

The company development strategy will be formed upon the results of the conference.