print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Rosseti North-West press releases

Rosseti North-West

December 18, 2012

IDGC of the North-West planning to receive approximately 32.8 bln RUR of proceeds in 2013

The forecast amount of capital investments in 2013-2017 is 35,247 mln RUR including 6,456 mln RUR – in 2013.
The Board of Directors of IDGC of the North-West, JSC has approved of the corrected Business Plan of the Company (including the Investment Program) for 2013-2017. In 2013, the Company plans to receive proceeds in an amount of 32,821 mln RUR. This exceeds 2012 Business Plan expected performance by 1,697 mln RUR. The Company plans to receive 96 mln RUR of net profit against 2012 expectations equal to 20 mln RUR. EBITDA is expected to make 5,024 mln RUR.
The forecast amount of capital investments in 2013-2017 is 35,247 mln RUR including 6,456 mln RUR – in 2013. Capacity commissioning will make 2,744 MVA and 3,860 km of transmission lines including 502 MVA and 929 km – in 2013.
As a result of the Investment Program execution, the Company plans to reduce forecast wear of fixed assets as of the end of 2013 down to 60,1% (-1.9% as compared to 2011 actual value) and as of the end of 2017 – down to 58.5% (-3.6% as compared to 2011 actual value).
Implementation of 2013-2017 Investment Program of IDGC of the North-West is to result in reduction of losses by 241.6 mln kWh and relief of 12 overloaded feeding centers of 35 kV substations and 28 110 kV substations.
Following the outcome of tariff and balance decisions taken, the Business Plan (including the Investment Program) may be corrected. 
The corresponding session of the Board of Directors of IDGC of the North-West was held in Saint Petersburg on December 14, 2012. Additionally considered at the session was the issue of approval of the target values of annual and quarterly Key Performance Indicators of General Director and top managers of the Company for 2013 as per the new KPI system.
The new system of KPIs for General Director and top managers of the Company was approved by the Board of Directors of IDGC of the North-West on October 30, 2012 within the framework of the issue on determination of priority aspects of the Company’s activities. Switchover to the new KPI system will be effected since January 1, 2013.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer