TGK-1 mgmt forecast 2017 capex at 13.3 bln rubles including VAT

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TGK-1 mgmt forecast 2017 capex at 13.3 bln rubles including VAT

MOSCOW. Aug 7 (Interfax) - The management of generating company TGK-1 are forecasting capex in 2017 at 13.3 billion rubles including VAT, Deputy CEO for development Eduard Lisitsky said during a conference call with investors.

"If we are talking about 2017, then we have for the TGK-1 Group, 13.3 billion with VAT [...] We are currently planning to keep to this basis," he said.

Lisitsky also said that the investment will remain "at the level of amortization; plus minus," until the introduction of a new capacity supply agreement (CSA) mechanism regarding, for example, modernization.