OREANDA-NEWS. “JSC Interregional Distribution Grid Company of the Center shall apply for a 400 million rubles loan for grid equipment up-grading and development by the end of the year”, Evgeny Makarov, General Director of IDGC-1, mentioned at the press conference devoted to the awarding IDGC-1 the QMS Conformity Certificate ISO 9001:2000, reported the press-centre of IDGC-1.

“We are planning to reach a 50% volume of loan funds utilization from the total fund volume invested in the development by 2015. We are planning to attract around 400 million rubles worth of loans for up-grading the equipment and further development by the end of the year. And in 2008 we are planning to increase loan volume”, Evgeny Makarov said.

According to his words, the company is planning to make 6 billion rubles net profit every year by 2010.

“This is an optimistic forecast, depending on tariff regulation and the raising of considerable funds for company development. We are expecting to reach 50% of plant depreciation in comparison with the present 68% by 2015”, Evgeny Makarov said.