OREANDA-NEWS. May 21, 2012. Federal Grid Company of Unified Energy System (“Federal Grid Company” or "the Company”) (MICEX-RTS, LSE: FEES), announces that on 11 May 2012 the Russian Ministry of Energy approved Federal Grid Company’s investment programme for 2012-2014. The approved plan entails investments totalling RUB 504.8 billion into the commissioning of 50,368 MVA of new transformer capacity and 13,147 kilometres of new transmission lines.

In 2012 Federal Grid Company plans to invest RUB 195.6 billion into projects entailing the construction, renovation and overhaul of elements of the unified national energy grid (UNEG).

Federal Grid Company plans to bring 4,371 kilometres of transmission lines and 14,874 MVA of capacity online this year. Investments will focus on increasing the reliability of the UNEG, renovation of elements of the grid, introducing innovative and energy-saving technologies, expansion of high-voltage transmission lines in Russia’s regions and connecting new generating capacity to the grid. The Company will also continue investments in key strategic projects, including provision of uninterrupted power supply to the Eastern Siberia-Pacific Ocean pipeline, the APAC-2012 Summit in Vladivostok and the 2014 Winter Olympics in Sochi, as well as enhancing the reliability of the power supply to Moscow, St. Petersburg and the Tyumen oblast.

The Federal Grid Company 2012-2014 investment program as approved Ministry of Energy will be reviewed by the Company’s management and Board of Directors in the nearest future and is available in Russian online at: http://www.fsk-ees.ru/investments/the_three_year_investment_program/.