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IDGC of the North-West

October 31, 2013

Board of Directors of IDGC of the North-West having approved of the report on execution of the Business Plan of the Company in Q2 and H1 2013

The actual volume of capital investment assimilation in H1 made 1.9 bln RUB (30% in excess of the planned performance)
The Board of Directors of IDGC of the North-West, JSC has approved of the report of General Director on execution of the Business Plan of the Company (including the Investment Program) in Q2 2013 and the 6 months of 2013. The in presentia session of the Board of Directors took place in Saint Petersburg, chaired by Andrey Murov.
Actual proceeds of IDGC of the North-West, JSC in H1 made 18.9 bln RUB against the plan amounting to 15.5 bln RUB. Proceeds from provision of electric energy transmission services accounted for the largest portion of the total proceeds amount (78% or 14.7 bln RUB). The net loss sustained by IDGC of the North-West made 256. 2 mln RUB which is 107.9 mln RUB below the planned value. The deviation of the reporting period actual performance from the planned indicators was affected by the guaranteeing supplier status assigned to the company in the Murmansk and Novgorod regions (since March 1 and April 1, 2013 respectively).
The actual volume of capital investment assimilation in H1 made 1.9 bln RUB (30% in excess of the planned performance). The volume of fixed assets commissioning in the reporting period amounted to 1.9 bln RUB (82% in excess of the planned volume).
One commissioned 82.85 MVA of transformer capacities and 719.94 km of transmission lines inclusive of 67.39 MVA and 625.69 km commissioned within the framework of implementation of measures for technological connection of consumers.
Useful supply to consumers of IDGC of the North-West in H1 2013 made 19,812 mln kWh which is 0.13% below the planned value. Losses in electric power grids made 6.02% (the plan being 6.55%). The reduction of losses was affected by the measures for replacement of electric energy metering instrumentation at consumers’ facilities and implementation of the program for prospective development of the distribution grid.

 

 

 

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