OREANDA-NEWS. 25 February 2016 a meeting of the Board of Directors of IDGC of Centre, PJSC was held. The meeting approved the adjusted Investment Program of the Company for 2016-2021. The main reasons of the adjustment of the Investment Program of IDGC of Centre for 2016-2021 are: the actual results of the Company’s Investment Program implementation in 2015, updating the Company’s obligations on grid connection of customers and taking into account the updated forecast of socio-economic development of the Russian Federation.

The indicators of the Company’s adjusted Investment program for 2016-2021:

Planned period:

2016

2017

2018

2019

2020

2021

Capital investment, mln RUB VAT exclusive

Approved plan*

13 387

13 941

14 697

15 187

16 057

  

Adjusted plan

13 244

13 941

14 699

15 190

16 061

16 658

Financing,

mln RUB VAT inclusive

Approved plan*

16 194

16 418

17 375

17 911

18 968

  

Adjusted plan

14 294

16 418

17 375

17 911

18 968

19 606

Commissioning of Fixed Assets,

mln RUB VAT exclusive

Approved plan*

13 694

14 199

14 932

15 593

16 043

  

Adjusted plan

13 623

14 365

15 107

14 936

16 221

17 254

Commissioning of capacity

MVA

Approved plan*

803

739

854

1 049

573

  

Adjusted plan

834

851

923

763

608

352

km

Approved plan*

4 200

4 394

4 773

4 438

5 819

  

Adjusted plan

3 550

4 222

4 425

4 308

5 160

4 821

* The Investment Program of IDGC of Centre for 2016-2020 was approved by the Company’s Board of Directors (Minutes # 05/15 of 13.03.2015) and approved by Order of the Ministry of Energy of Russia dated 14.12.2015 № 951

The funding of the Company’s adjusted Investment Program for 2016-2021 at the expense of the Company’s own funds will amount to 90%, - (including 65% - depreciation). The Investment Program financing through borrowing will be 10%.

More than 56% of the financing of capital investments is planned to be spent on modernization and reconstruction, the remaining 44% on new construction and expansion.

Priority projects as part of the Company’s Investment Program for 2016-2021 are as follows:

- reconstruction of the 110/10 kV Substation "South" to restore life of fixed production assets and liquidation of power shortage;

- reconstruction of the 110 kV Substation "Korocha" with relocation of the substation to a new site to restore life of fixed production assets and expand the electricity distribution market;

- construction of the 110 kV Conductor Frunze - Malinovka - Red Yaruga to improve the reliability of power supply;

- reconstruction of the 110 kV Conductor "Mtsensk-Chern", "Mtsensk-Plavsk" to ensure the specified level of reliability and increase transmission capacity of the lines.

Implementation of the Investment Program will allow IDGC of Centre to fulfill its commitments to improve the quality and reliability of electricity supply in the framework of the Strategy of development of electric grid facilities of the Russian Federation.