OREANDA-NEWS. September 10, 2010. The meeting of the management IDGC of North-West with the representatives of the investment companies Bank of America Merrill Lynch (USA) and TKB BNP Paribas Investment Partners (Russia-France) was held.

The meeting of the management of IDGC of North-West with the representatives of the investment companies Bank of America Merrill Lynch (USA) and TKB BNP Paribas Investment Partners (Russia-France) was held on 3 September in St. Petersburg. The discussion was devoted to financial and economic, investment activity and tariff regulation of IDGC of North-West. 

Deputy General Director for Economy and Finance of IDGC of North-West Olga Makarova set three strategic tasks for the grid company - adoption of long-term tariff regulation, consolidation of grids and efficient management, cost reduction.    

The parties discussed the issues of consolidation of territorial grid assets, relations with sales companies, talked over tariff formation and adoption of long-term regulation in 2011 in detail, considered the "last mile" issue and cross subsidizing.

Vladimir Tsuprov, Managing Director for Investments of TKB BNP Paribas Investment Partners (Russia-France) said that the provided information was comprehensive enough. "We received detailed and comprehensive answers to all asked questions during the dialogue," he said.

The analysts of the fund have been tracing the grid companies from the moment of splitting of RAO UES of Russia, and have been observing an obvious progress regarding the information disclosure lately. "The companies have started to disclose more about themselves; the laws vary - adoption of RAB gives more information," V.Tsuprov supposes. He is sure that adoption of long-term tariff regulation will allow the electric grid companies to become more profitable and more interesting for investors.

"We would like IDGC of North-West to participate more in the debt market; we are ready to invest into the shares in order to benefit from the electric power industry reform, from those funds which will be invested into the sector," the Managing Director for Investments of TKB BNP Paribas Investment Partners said to sum up the meeting.