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July 31, 2010

IDGC Holding’s Director General Nikolay Shvets meets with heads of North Caucasian Administrative Divisions of Russia

July 29–30, 2010, Director General of IDGC Holding Nikolay Shvets made a formal visit to the North Caucasus.

On July 29, Nikolay Shvets examined the state of the electric grid facilities operated by the North Ossetian branch of IDGC of the North Caucasus. Ruslan Khubaev, director of the branch, reported on progress in renewing electricity network equipment and overhead transmission lines, priorities of the investment and repair programs, relations with municipally owned territorial grid organizations.

On the same day, Nikolay Shvets met with Ingushi President Yunus-Bek Yevkurov and Chechen President Ramzan Kadyrov.

Nikolay Shvets discussed with Yunus-Bek Yevkurov the development of the Republic of Ingushetia’s electric grid facilities, the implementation of the Ingushenergoset investment program, and the situation about customer payments for electricity. They also addressed the issue of enhancing the security of electric grid facilities. It was noted that the interaction agreement between IDGC Holding and the Ingushi Government concerning the measures to improve payment discipline, ensure the reliable electricity supply, and develop the electric grid infrastructure was ready to sign.

In Grozny, Nikolay Shvets met with Chechen President Ramzan Kadyrov. The head of the Chechen Republic noted that he personally monitored the situation about payments for electricity in Chechnya and that the Chechen Republic would be consistent in its efforts to achieve full payment for consumed energy. For his part, Nikolay Shvets noted positive changes in this matter and said that IDGC Holding, IDGC of the North Caucasus, and Nurenergo were working hard to enhance the reliability of the electricity supply for Chechnya, where electric power consumption grows at an outstripping rate, which is evidence of the region’s progressive advance. According to Nikolay Shvets, IDGC Holding prepared and submitted to federal executive authorities a program to restore the Chechen electricity industry, providing for the reconstruction of destroyed and dismantled electric grid facilities. The program implementation will require about 4.4 billion rubles within three years. When completed, the program is expected to substantially improve the reliability and quality of the electricity supply for local consumers. Additionally, the Chechen Republic is included in the group of regions where federal budget funds will be used to carry out a program to reduce electricity losses.

In the near future, it is planned that Nurenergo and the Chechen Republic will contribute their electric grid assets to setting up a joint company, Chechenenergo, and a retail company, Chechenenergosbyt. It was noted that the establishment of these companies would be instrumental in consolidating the efforts of both IDGC Holding and the Chechen leaders to ensure the reliable operation of electricity networks in Chechnya.

Ramzan Kadyrov underscored that close cooperation between the Chechen Republic and IDGC Holding will be useful and beneficial for all interested parties.

Nikolay Shvets presided at a meeting at Nurenergo, hearing the company managers’ report on the state of grid facilities and the implementation of the investment and repair programs and receiving their proposals for higher reliability of the electricity supply.

July 30, 2010, Nikolay Shvets took part in a working meeting under the supervision of First Deputy Chairman of Russia’s Government Igor Shuvalov on the postwar rebuilding and development of the Republic of South Ossetia. Near the northern entrance to the Roki Tunnel, joining North Ossetia-Alania to South Ossetia, Nikolay Shvets reported on power companies’ work on rebuilding the energy system of the young republic. Director General of IDGC Holding noted the contribution made by executives, specialists, and workers of IDGC of the North Caucasus to the expeditious restoration of the electricity supply in South Ossetia. Nikolay Shvets stressed that 95% of South Ossetia’s population received electricity from Russia. During the report event near the Roki Tunnel and the meeting in Tskhinvali, proposals were put forward for further energy system development and the higher reliability of electricity deliveries from Russia.

On all of his trips and at all of his meetings IDGC Holding’s Director General Nikolay Shvets was accompanied by Director General of IDGC of the North Caucasus Magomed Kaitov.

IDGC of the North Caucasus is an interregional distribution grid company operating in the Russian electric power sector. IDGC of the North Caucasus is engaged in electricity transmission through its networks with voltages ranging from 110 kV to 0.4 kV in the Republic of Dagestan, the Republic of Ingushetia, the Republic of North Ossetia-Alania, the Stavropol Territory, the Kabardino-Balkarian Republic, and the Karachayevo-Cherkessian Republic and exercises the powers of a sole executive body of seven joint-stock companies: power retailers Kabbalkenergo, Karachayevo-Cherkesskenergo, Kalmenergosbyt, Sevkavkazenergo, Ingushenergo, and Dagestan Power Sales Company, as well as Chechnya-based Nurenergo and Chechenenergo.




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