FGC Management Board Chairman Holds Investor Meeting
OREANDA-NEWS. The Chairman of the Management Board of Federal Grid Company of Unified Energy System (“Federal Grid Company” or “the Company”) (Moscow Exchange, LSE: FEES) Andrey Murov held a meeting with investors in Moscow.
At the meeting the head of Federal Grid Company told investors about the Company's 2014-2018 strategy for development of the national backbone grid complex and about areas for potential future growth under the current regulatory tariff freeze. Mr. Murov also answers investors' questions at the meeting.
The presentation demonstrated how Federal Grid Company is a stable company that has planning scenarios for all potential tariff developments. The Company's current task is to find a balance between the development of electricity transmission infrastructure and maintaining a sustainable financial position in the event of tariff changes.
Federal Grid Company is taking a number of measures aimed at maintaining its financial stability and supporting shareholder value. Among those highlighted by Mr. Murov were: increasing investment and operating efficiency, appropriate cutbacks to the investment programme, optimising sources of financing, including seeking alternative, non-debt financing resources and state guarantees to help improve borrowing conditions.
Andrey Murov said: “We are working hard to increase transparency for investors, we hope that this meeting will serve as the start to regular interaction with the investment community, and that the experience and connections of major investment banks will help the Federal Grid Company to increase the efficiency of the backbone grid complex.”
Комментарии