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Brief History of the Company

Joint Stock Company Interregional Distribution Grid Company IDGC of the North-West was founded under the decision of its sole founder JSC RAO UES of Russia (Order No.153r of JSC RAO UES of Russia, as of December 09, 2004) and registered on December 23, 2004. The Company’s authorized capital at the moment of its establishment amounted to RUB 10 million and was divided into 100 million ordinary shares.

The initial configuration of JSC IDGC of the North-West included the distribution grids of the unified energy system of the North-West: JSC Arkhenergo, JSC Karelenergo, JSC Kolenergo, JSC AEK Komienergo, JSC Lenenergo, JSC Novgorodenergo, JSC Pskovenergo and JSC Yantarenergo.

Under the decision of JSC RAO UES of Russia’s Board of Directors as of April 27, 2007, the structure of the JSC IDGC of the North-West included JSC Vologdaenergo, which had been earlier a part of IDGC of Centre and North Caucasus, and excluded JSC Lenenergo. After reorganization of JSC RAO UES of Russia the share holding of JSC Yantarenergo according to separation balance sheet passed into the ownership of JSC IDGC Holding established on July 01, 2008 in the result of reorganization of JSC RAO UES of Russia in the form of discharge.

According to Order No.1857-r of the Russian Federation Government as of December 19, 2007, it was decided to form interregional distribution grid companies in the ways stipulated by the Russian Federation laws till December 31, 2008 on the basis of the JSC RAO UES of Russia’s shares belonging to open joint-stock companies of the power industry and electrification in order to provide the Russian Federation’s control over territorial grid organizations’ activities.

On December 25, 2007, JSC IDGC of the North-West extraordinary general meeting of shareholders decided to reorganize the Company in the form of a merger of JSC Arkhenergo, JSC Vologdaenergo, JSC AEK Komienergo, JSC Karelenergo, JSC Kolenergo, JSC Novgorodenergo, JSC Pskovenergo with it. It was also decided to increase the JSC IDGC of the North-West authorized capital by RUB 9,568,700,000 by means of converting shares of seven distribution grid companies and placement of 95,687,000,000 additional ordinary registered shares at the RUB 0.1 par value.

Since April 01, 2008, JSC IDGC of the North-West operates as a united operational company. Its structure includes seven branches: Arkhenergo, Vologdaenergo, Karelenergo, Kolenergo, Komienergo, Novgorodenergo, and Pskovenergo. The collegial executing body of the Company, the Management Board of JSC IDGC of the North-West, was generated in April 2008.

Since May 27, 2008, JSC ordinary registered shares of JSC IDGC of the North-West admitted to trading at the RTS stock exchange; since 29 May 2008 — to trading at the MICEX stock exchange. In December 2008, JSC IDGC of the North-West passed listing at MICEX. The Company’s ordinary registered uncertified shares were included in the B section of the quotation list of securities. On May 24, 2011 JSC IDGC of the North-West shares were transferred from CJSC MICEX Stock Exchange Quotation List B to CJSC MICEX Stock Exchange Quotation List A of the second level.

From the moment of its formation and till July 01, 2008, the Company was headed by Veniamin Pinkhasik, from July 01, 2008 to June 30, 2012, inclusive, the Company’s Director General was Alexander Kukhmay.

On July 01, 2012 Sergey Titov became Director General of JSC IDGC of the North-West.

The authorized capital is RUB 9.5786 billion, 55.38% shares of JSC IDGC of the North-West belong to JSC Russian Grids.

Geographical Position

JSC IDGC of the North-West carries out its activity in the territory of 7 constituent entities of the Russian Federation located in the North-West region: the Republic of Karelia, Komi Republic, Arkhangelsk Region, Vologda Region, Murmansk Region, Novgorod Region, and Pskov Region.

Area of service region, Population of service region, thousand people
IDGC of the North-West 1,585,900 5,984.7
IDGC share of the territory of Russia 9.2 % 4.2 %
Length of lines SS-35 kV and above
Overhead lines, km Cable lines, km Quantity Pcs MVA
167,946 7,999 1,146 18,163

Geographical Position

Management Structure of JSC IDGC of the North-West

Organizational Structure of JSC IDGC of the North-West as of 31.12.2012

Typical Organizational Structure of a branch of JSC IDGC of the North-West

Since April 01, 2008, JSC IDGC of the North-West operates as a united operational company
RUB billion

The authorized capital
shares belong
to JSC Russian Grids
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