29 Mar 2013 15:49

Lenenergo increases net debt 11% to 22.4 bln rubles in 2012

ST. PETERSBURG. March 29 (Interfax) - OJSC Lenenergo's net debt grew 10.7% to 22.36 billion rubles in 2012, according to the company's materials.

The grid company's investment program totaled 14.891 billion rubles last year, compared to 15.061 billion rubles in 2011.

The electric power supply rose 3.6% to 30.007 billion kilowatt hours (kWh). Power losses in grids came to 10.37%, down 0.23 percentage points over 2011.

Lenenergo published its annual financial report to Russian Accounting Standards (RAS) on Thursday, according to which its net profit fell 9.7% to 1.234 billion rubles.