JSC “MOESK” annual General Shareholders Meeting took place on June 30, 2010. During the meeting, Andrey Konovalov, Company’s General Director, answered the questions asked by journalists representing the leading mass media.

Thus, the Company’s Head mentioned that the renovation program introduced by MOESK controlling shareholder – JSC Holding for consideration of the RF Government is the strategic document. According to the document, Moscow United Electric Grid Company is going to decrease equipment wear out and the technological losses in the electric grids. All the activities will be implemented within the framework of MOESK investment program. In particular, the Moscow region will witness the completion of “Letovo”, “Peredeltsy”, “Gulevo” substations as well as “Shatura-Brusky-Igorievsk” and “Brusky-Igorievsk” high voltage lines, which is going to provide the capacity release from the new equipment which was put into operation in Shaturskaya SDPP. Also they will launch the reconstruction of “Nakhabino” and “Novosofrino” substations.

Speaking of the technological connection bonus program realization, JSC “MOESK” General Director pointed out the increase in the number of applicants. The year of 2009 saw 30,3 thousand of applications for technological connection for the total capacity of 4,5 thousand mW, which is 36% more than in 2008. The considerable growth of the applicants’ number was connected with the privileged category of consumers.

Giving the assessment of MOESK work in 2009, Andrey Konovalov, Company’s General Director mentioned good industrial and financial indices as well as the key strategic goals. The protection of the long-term tariff was among them. The tariff provides the market reliability of the invested capital (RAB) and helps to increase the investment attractiveness, realization of the renovation and industrial capacities development program. “As the major electric grid company, we need to decrease the power losses during the electric power transmission, increase the power capacity and targeting the investment attractiveness and company’s market capitalization , as well as consolidate the electric grid assets in the region of presence “, said Andrey Konovalov.