Investment Activities > Long-Term Investment Program

The long-term investment program of JSC IDGC of the North-West was approved in accordance with the requirements of Decree No. 977 of the Government of the Russian Federation of December 1, 2009.

The main direction of capital investments in the period of 2012-2017 is the technical re-equipment and reconstruction of the grid complex (over 69% o the total investment volume) required due to a high level of wear and tear of fixed assets. The share of investments in new construction in the long-term investment program accounts for 31% of the total volume of investments.

Allocation of investments under the investment program in 2012-2017 by capital investment directions, RUB million

  2012 2013 2014 2015 2016 2017
JSC IDGC of the North-West 6,792.00 6,456.01 6,268.20 6,888.71 7,402.74 8,231.21
Technical re-equipment and reconstruction 4,892.00 4,450.65 4,152.90 4,616.25 5,797.13 5,752.54
New construction 1,722.00 2,000.81 2,111.57 2,269.97 1,601.36 2,474.12
Other 178.00 4.55 3.73 2.49 4.25 4.55
Arkhenergo branch 414.00 748.94 739.40 769.48 696.91 729.66
Technical re-equipment and reconstruction 239.00 579.13 598.60 522.39 578.50 629.27
New construction 165.00 169.81 140.80 247.10 118.41 100.39
Other 10.00
Vologdaenergo branch 1,921.00 1,592.53 1,220.01 1,550.00 1,650.00 1,731.72
Technical re-equipment and reconstruction 1,517.00 1,058.61 946.99 1,224.93 1,412.70 1,384.00
New construction 254.00 533.42 273.02 325.07 237.30 347.72
Other 149.00 0.50
Karelenergo branch 921.00 777.56 802.60 832.83 866.14 1,053.11
Technical re-equipment and reconstruction 492.00 579.40 641.31 633.38 866.09 1,053.06
New construction 428.00 197.22 161.24 199.40
Other 0.00 0.93 0.05 0.05 0.05 0.05
Kolenergo branch 294.00 629.43 618.21 763.06 854.51 730.65
Technical re-equipment and reconstruction 269.00 562.31 396.58 327.07 647.92 629.71
New construction 21.00 65.60 221.64 436.00 206.60 100.94
Other 4.00 1.52
Komienergo branch 1,163.00 935.35 1,118.52 1,038.38 1,142.22 1,465.53
Technical re-equipment and reconstruction 617.00 530.11 415.18 545.65 533.27 480.22
New construction 543.00 405.25 703.34 492.73 608.95 985.31
Other 3.00
Novgorodenergo branch 1,115.00 972.20 969.46 1,134.95 1,392.97 1,720.54
Technical re-equipment and reconstruction 1,029.00 794.53 776.01 761.62 1,153.45 981.07
New construction 83.00 176.08 189.78 370.90 235.32 734.97
Other 2.00 1.60 3.68 2.44 4.20 4.50
Pskovenergo branch 950.00 800.00 800.00 800.00 800.00 800.00
Technical re-equipment and reconstruction 723.00 346.56 378.24 601.22 605.21 595.21
New construction 227.00 453.44 421.76 198.78 194.79 204.79
Other 1.00

The long-term investment program approved by the executive governmental authorities of the regions provides for a planned volume of capital investments for 2013-2017 in the amount of RUB 35,246.87 million, exclusive of VAT. The planned financing volume is 41,497.33 million, including VAT.

The planned investment in new fixed assets amounts to RUB 35,508.69 million.

It is planned to ensure commissioning of the following capacities: 3,860 km of power transmission lines, 2,744 MVA of transformer capacity, where the capacity growth will be 2,094 km and 1,327 MVA, respectively.

As shown in the diagram, the capital investment volume in 2013 will be by 4.9% lower compared to 2012; annual growth rates of capital investment volumes in 2013-2017 will be: 2014 — 97.1%; 2015 — 109.9%; 2016 — 107.5%; 2017 — 111.2%.

The main direction of capital investments in the period of 2012-2017 is the technical re-equipment and reconstruction of the grid complex
35,247
million rubles

capital expenditures for the period 2013-2017