OREANDA-NEWS. July 16, 2012. IDGC of the North-West, JSC has summed up preliminary results of the Investment Program Implementation in the first half year of 2012.

IDGC of the North-West, JSC has summed up preliminary results of the Investment Program Implementation in the first half year of 2012. Expected financing amounted to 2,244.8 mln. (VAT inclusively). New fixed assets expected in the first half of 2012 amounted to 797.2 mln rubles, assimilation of CAPEX (VAT excluded) – 1,341.9 mln rubles.

In the first half year of 2011, these indicators values amounted to: the Investment Program financing – 1,930 mln rubles, new fixed assets – 952 mln rubles and CAPEX assimilation – 1,624 mln rubles.

“In this year main commissioning activities are planned for the 3rd–4th quarters. This is the reason of lesser CAPEX assimilation in the first six months as compared to the last year results, the Investment Program scope being bigger,” Pavel Kudelin, Head of Summary Analysis Division Capital Construction Department IDGC of the North-West, explained.

Particularly, in the 4th quarter Komienergo branch plans to commission an electricity grid for Abez village, the Komi Republic, in the amount of 290 mln rubles and Sokolovka-Pazhga 110kV overhead line in the amount of 174 mln rubles.

Vologdaenergo branch commissions 110 kV DP to connect Krasavinskaya Gas-Turbine CHP plant to the electric grid of the branch (173 mln rubles).

In the 3rd-4th quarters, several large facilities will be commissioned in Novgorod region: Starorusskaya-Shimskaya-1 overhead line 110 kV (100 mln rubles), Parfino substation 110/10 kV (280 mln rubles) and Antonovo substation (49 mln rubles).