Power Grids Integration - a Way to the Development and Efficiency Increase

IDGC of Centre became the auction winner and got the right to acquire electric power complex of Oboyan.

Moscow, Russia, October 11, 2008 --(PR.com)-- Gradually implementing the policy of electric power complex integration in the regions, JSC got the right to sign purchase and sale agreement of one of the major Kursk Region town’s electric power complex.

It should be noted that, Kurskenergo has been renting the Oboyan grids three years in a row, investing substantial means into their modernization.

According to Alexander Pilyugin, the director of Kurskenergo branch of IDGC of Centre, JSC, “more than RUR 6 million was invested into the modernization and development and more than RUR 24 million was invested into new construction for that period. Due to transition of municipal grids to the possession of Kurskenergo the opportunities of their further development will grow substantially.”

Moreover, as a result of the trading held by the authorities of the Khomutovskiy district (Kursk Region), IDGC of Centre, JSC acquired eight school transformer substations in seven municipal educational facilities of the region.

“Electric power complex integration and the creation of the unified responsibility centre – it’s a necessity imposed by great experience and considerable opportunities of IDGC of Centre, JSC”, noted Konstantin Kotikov, IDGC of Centre, JSC Corporate Governance Deputy General Director.

IDGC of Centre, JSC will invest more than RUR 900 million into the construction and technical retooling of Kursk Region distributional grids only in the current year.

About us: “Interregional Distribution Grid Company of Centre”, Joint-Stock Company – the leading electric power company in Russia - was registered on December 17, 2004. The capital stock of IDGC of Centre, JSC as of March 31, 2008, equals RUR 4, 221, 794, 146.80. IDGC of Centre, JSC includes the following branches: Belgorodenergo, Bryanskenergo, Voronezhenergo, Kurskenergo, Kostromaenergo, Lipetskenergo, Tverenergo, Smolenskenergo, Orelenergo, Tambovenergo and Yarenergo. The Company Director-General is Evgeny Fedorovich Makarov. The total length of transmission lines accounts for 365,769.7 km. Main achievements: certificate of conformity of the Quality Management System with the requirements of ISO 9001:2000, certificate for receiving the rating of corporate governance 6+ under the scale of the National Rating of Corporate Governance. “Developed Corporate Governance Practice” National Rating Agency gave a rating of credit solvency to IDGC of Centre, JSC on level A - high credit solvency, the 2nd level. IDGC of Centre, JSC successfully passed certification audit for reception of the degree of conformity with the second level of technological maturity in the field of project management (IPMA). It became a corporate member of SOVNET Russian Project Management Association forming a part in the International Project Management Association (IPMA) (Zurich, Switzerland). In 2008 - Business Process Excellence Award 2008 in the Bussiness Perfomance Improvement nomination.

IDGC of Centre
Maxim Landa