OREANDA-NEWS. On November 09, 2007 Evgeny Makarov, General Director of JSC “IDGC of the Center” mentioned this to the members of the press from the regional and federal mass media. He summed up the results of JSC “IDGC of the Center” production and financial activities for the 9 months of 2007 and said, that meeting the key performance indicators contributed to the successful preparation to operate during 2007-2008 autumn and winter period, reported the press-centre of JSC “IDGC of the Center”. 

JSC “IDGC of the Center”’s net profit amounted to 1140 mln rubles and exceeded the planned by 180,3 mln rubles. The ROE index (return on equity) achieved 2,9%, and exceeded the plan by 0,41% (absolute expression). The company’s own capital amounts to 38193,4 mln rubles. In comparison with the same period of the previous year it increased by 8287,5 mln rubles.

Evgeny Makarov shared his views further strategy development of the Distribution Grid Company of Central Russia till 2015.

“We market targets in several directions. These targets concern power security:  reducing power deterioration by 2015 to the level of the developed countries by 50%, establishing power capacity reserves in the amount exceeding 510 MBA. We intend to implement the economic responsibility of management for fulfilling guaranteed reliability capacities and customer care service quality in every region by 2010. For example, the system index of power supply reliability should not exceed 0,002%, while the system index of outages duration should not exceed 2 hours”.

Evgeny Makarov also mentioned the targets on effectiveness and long-term investment attractiveness.

By 2015 JSC “IDGC of the Center” plans to bring the indexes of operational effectiveness to the level of the developed countries – to 9%, return on sales – to 12,2%. The share of long term is 70% In Russia it is 5%. JSC “IDGC of the Center” has set a target bring the company up to a stable profitability level, the ROE index should achieve 9,02% by 2015.

By 2015 it is necessary to attract 49,4 bln rubles to reach the targets on effectiveness and company security, achieve the capital market value, and the capital market value as it is in the same companies with a balanced economic growth. JSC “IDGC of the Center’s capital account should amount to 101,6 bln rubles by 2015.