IDGC of North-West invested RUR 755.1 million in the H1 of 2010

The capital investments target of IDGC of North-West for H1 2010 was performed on the level of 102%. The investment program target was RUR 739.7 million, and the actually spent money for this purpose was RUR 755.1 million.
The plan of putting into operation of IDGC of North-West’s fixed capital for H1 2010 was performed on the level of 131%. The fixed capital was put into operation for RUR 617.7 million at the target of RUR 470.6 million.
76.83 MVA of transformer capacity and 245.77 km of power lines were put into operation for 6 months of 2010, or 148% and 234% to the target accordingly.
The capital investments for engineering connection of preferential groups of consumers in H1 2010 were RUR 135.5 million (VAT excluded); 106.58 km of power lines and 11.34 MVA were put into operation.
Deputy General Director of IDGC of North-West for capital construction Vladimir Bloshchitsyn said that “the most significant objects which were put into operation became the completion of the second stage of reconstruction of 110/6 kV “Centralnaya” Substation in Vologda city and the reconstruction of 110 kV “Mekun-Edva” Power Line (the site Vezhaika-Vozhskaya”) in the Republic of Komi, which was performed ahead of schedule.” Vladimir Bloshchitsyn told about the risks influencing implementation of the investment program and emphasized the measures realized by IDGC of North-West for their mitigation.
The Strategy and Development Committee of IDGC of North-West’s Board of Directors recommended the Board of Directors that they should approve the report on implementation of the company’s investment program for the 2nd quarter of 2010 and 6 months of 2010. This decision was taken at the committee in-presence meeting on 7 September 2010.