Rosseti's 2021 investment program totals 325 bln rubles

MOSCOW. July 12 (Interfax) - PJSC Rosseti invested 325 billion rubles in its projects last year, Rosseti general director Andrei Ryumin said at a meeting with Russian President Vladimir Putin.

"It [the investment program] has become a record in terms of money at 325 billion rubles," Ryumin said.

Ryumin cited commissioning the Kola-Karelian transit, the first-stage projects for developing the Eastern polygon of railways, and others among the Russian power grid holding's largest projects last year.

Pavel Grebtsov, Rosseti's former deputy general director for economics and finance, reported last year that the company had proposed 365 billion rubles for approval for the investment program in 2021.

Rosseti's investment program totaled 283.3 billion rubles in 2020 despite the originally planned 273.09 billion rubles.