OREANDA-NEWS. Federal Grid Company of Unified Energy System (MICEX, LSE: FEES) that has published its IFRS results for 2013 today has also highlighted 2014 financial policy priorities of the new management team lead by Andrey Murov.

Federal Grid Company plans to retain revenues and EBITDA at 2013 levels this year. Its debt burden in terms of net debt/EBITDA ration will not exceed 3.0 - the cap set by the Company's Board of Directors.

Further increase in efficiency, maintaining strong financial standing and investment grade ratings are among the Company's priorities for 2014. It will also seek for new sources of funding in the long run.

Operational expenditures per unit of PP&E will decrease on 25% in 2017 compared to 2012. This will provide economic effect of RUB 22 bln. by the end of 2017.

Federal Grid Company will cut down construction costs in order to stick to physical indicators of its investment plan. The Company's capital expenditures per unit of constructed PP&E are to be scaled down by 30% by the end of 2017 compared to 2012.

Simultaneously, the Company is planning to spur demand from large customers by optimizing network connection procedures and co-financing mechanisms.