21 Aug 2014 15:05

TGK-1 to invest 7 bln rubles in 2014

MOSCOW. Aug 21 (Interfax) - OJSC TGK-1's investment program for 2014 has been planned at 7 billion rubles, including VAT, the head of the company's investment department, Roman Kozlov, said during a conference call with investors.

"TGK-1's investment program is at around 7 billion rubles in 2014, and the investment program of St. Petersburg Heating Grid - around 2 billion rubles. This is what's planned," he said. These figures include VAT.

Additional investment financing is also planned for St. Petersburg Heating Grid in 2014-2015. This could total 2 billion rubles, including VAT.