Northwestern IDGC invested 1.8 bln rubles in Jan-Sept
ST. PETERSBURG. Nov 6 (Interfax) - Grid operator IDGC of the North-West invested 1.816 billion rubles in January-September 2009 on technical re-equipment, renovation and construction of grid facilities, the company said in a press release.
The company added 307.1 kilometers of electricity transmission lines and 73.38 MVA of transformer capacity.
It was reported earlier that the 2009 investment program was reduced 43.8% compared with 2008 to 2.25 billion rubles. The company will allocate over 60% of investment (about 1.4 billion rubles) to reconstruction and technical re-equipment and almost 752 million rubles to construction. Under the 2009 investment program it plans to add 325.83 kilometers of transmission lines and 281.8 MVA of additional transformer capacity.
The main sources of financing in the nine months were 1.2 billion rubles in depreciation deductions and 96.2 million rubles in payments for technical connections, as well as profit in previous years and borrowing.
IDGC of the North-West serves seven regions in the Northwestern federal district covering 1.586 million square kilometers with a population of 6.69 million. Its network of suspended and underground transmission lines stretches 169,300 kilometers. The company has 1,141 substations of 35,000 volts and higher. Installed capacity of its power transformers amounts to 17,500 megavolt amperes.