OREANDA-NEWS. July 17, 2012. The IDGC of the North-West's Board of Directors has approved the 2012 Investment Program of the Company amounted to 6.6 bln rubles. The decision was made at the Board meeting held in Saint Petersburg on 11th of July. Earlier the Investment Program was taken as a basis within the Company Business Plan in the amount of 5.2 bln rubles.

The IDGC of the North-West Investment Program was elaborated due to design and survey works approved in the regions. The growth of the Investment Program as compared to that taken as the basis determined by the RF Government Resolution No. 1178 dated 29.12.2011 related to RAB parameters reboot.

Two thirds of the Investment Program will be spent on re-equipment and reconstruction, 30% – on new construction, 3% – on fixed assets acquisition.

In the current year, among main facilities of the IDGC of the North-West Investment Program there are 12 big projects (including 5 related to design and survey work for future construction and 2 investment projects for generation power delivery), their share constituting 17% of the total capital investment.