28 Dec 2016 09:12

Federal Grid Co plans capex of 487 bln rubles in 2016-2020

MOSCOW. Dec 28 (Interfax) - The investment program of Federal Grid Company UES (FGC) will total 487 billion rubles for 2016-2020, the Russian company's CEO, Andrei Murov said in an interview with TV channel Rossiya24.

"We can talk about 487 billion rubles for five years, but including 2016, the current year," Murov said when asked about the size of the company's investment program.

FGC's investment program is now in the final stage of the approval process, Murov said, adding that virtually all covenants have been cleared with federal agencies and almost all information has been submitted for approval to the Energy Ministry.