Investments

Our investment program in 2012 was approved by the regional authorities. In 2012 we spent RUR 7 037 mln. The financing equaled RUR 7 898 mln. in money terms, the commissioning of the facilities reached RUR 6 863 mln. In physical terms the commission totaled 621 MVA and 1 242 km.

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The value and physical parameters of the investment program in 2012
Capex, RUR mln., excl. VATFC, RUR mln.Financing, RUR mln., incl. VAT Capacity commissionedCapacity growth
MVAkmMVAkm
Permenergo2,5732,6042,960248422200225
Sverdlovenergo2,5712,3582,693124497102353
Chelyabenergo1,8841,8912,237249324213277
Executive office101080000
IDGC of Urals7,0376,8637,8986211,242514855
The value and physical parameters of the investment program in 2012
Capex, RUR mln., excl. VATFC, RUR mln.Financing, RUR mln., incl. VAT Capacity commissionedCapacity growth
MVAkmMVAkm
Permenergo2,5732,6042,960248422200225
Sverdlovenergo2,5712,3582,693124497102353
Chelyabenergo1,8841,8912,237249324213277
Executive office101080000
IDGC of Urals7,0376,8637,8986211,242514855
The capex dynamics of the Company is positive, 2012 investments increased by 625 RUR mln. in comparison to 2011

The capex dynamics of the Company is positive. 2012 investments increased by RUR 625 mln. in comparison to 2011. The growth is mainly due to the implementation of a strategy on grids update with a view to increase reliability, to ensure faultless supply, to increase transmission quality by replacing old and worn-out equipment and due to new connections. Real capex in 2012 totaled RUR 7 037 mln. RUR 3 353 mln. were spent on technical update and reconstruction (including connection). Expenses on new construction and expansion of facilities (including connection) totaled RUR 3 415 mln. We spent RUR 269 mln. on other objects of the investment program (including acquisition of fixed assets). The structure of capex in 2012 is equally distributed between new construction and technical update. This distribution ensures the prevention of ageing of the existing facilities and derestriction of connection in energy-deficient zones.

The most important facilities of 2012:

Permenergo: Construction of 110/35/6 kV substation Palniki (Perm)

Aim: improved reliability of supply to existing consumers and possibility of new connections near Palniki, Kransosludskoe and resort zone near the Chusovaya river. Spent in 2012: RUR 405 mln. Commissioned: 80 MVA and 2.53 km. Commissioned fixed assets: RUR 422 mln.

Sverdlovenergo: Reconstruction of 110 kV substation Irbit (Irbit)

Aim: increased reliability of supply to industrial and utility consumers. Spent in 2012: RUR 104 mln. Commissioned fixed assets: RUR 106 mln.

Reconstruction of 110/10 kV substation Ferrosplav (Serov)

Aim: increased reliability of supply to Serov ferro-alloy plant. Spent in 2012: RUR 88 mln. Commissioned fixed assets: RUR 137 mln.

Construction of 110/6 kV substation Prirechnaya and 110 kV aerial line (N. Tagil)

Aim: provision of growing demand in capacity from consumers in N. Tagil Spent in 2012: RUR 508 mln. Commissioned: 50 MVA and 8.8 km. Commissioned fixed assets: RUR 604 mln.

Chelyabenergo: Construction of 110/10 kV substation Krasnopolskaya (Chelyabinsk)

Aim: supply to perspective and actively developing residential districts and social facilities. Spent in 2012: RUR 316 mln. Commissioned: 80 MVA and 2.53 km. Commissioned fixed assets: RUR 324.2 mln.

Construction of 110/10 kV substation Uralbroiler (Muslyumovo)

Aim: supply to industrial, social and utility consumers. Spent in 2012: RUR 217 mln. Commissioned: 32 MVA and 24.4 km. Commissioned fixed assets: RUR 221 mln.

The most important facilities started in 2012 are disclosed below:

Sverdlovenergo: Construction of 110/10 kV substation Borodinskaya and 110 kV aerial line (Polevskoy)

Aim: supply to OMIA Ural and Maxit Ural (milled marble and dry pack mortar plants). Commissioning is planned for 2013. Planned capacity: 16 MVA.

Reconstruction of 110 kV substation Ferrosplav (Serov)

Aim: increased reliability, quality and delivery of capacity from commissioned PGU 420 of Serov GRES. Commissioning is planned for December 2014. Planned capacity: 23 MVA

Construction of 110/10 kV substation Rassokha (the Beloyarskyi district)

Aim: satisfaction of growing demand in capacity and energy. Commissioning is planned for 2014. Planned capacity: 32 MVA, 0.1 km.

Permenergo: Construction of 110/10/6 kV substation Zaostrovka and 110/10/6 kV cable (Perm)

Aim: supply to Perm. Commissioning is planned for September 2013. Planned capacity: 50 MVA, 12 km.

Our 2012-2017 investment program, RUR mln.
201220132014201520162017
Sverdlovenergo2,5713,2332,9783,1283,4093,741
Update and reconstruction1,3992,0132,1732,2642,7331,910
New construction1,0741,1126947475531,701
Other98108111117123130
Permenergo2,5732,5852,8733,1473,4433,767
Update and reconstruction1,3021,3931,6931,6342,2562,324
New construction1,2031,1241,1081,4371,1061,358
Other686772768085
Chelyabenergo1,8841,5651,5601,5991,6401,678
Update and reconstruction6431,1721,1748828381,378
New construction1,138362386717801301
Other103310000
Executive office1000000
Update and reconstruction1000000
IDGC of Urals7,0377,3827,4127,8738,4929,186
Update and reconstruction3,3534,5795,0404,7805,8285,611
New construction3,4152,5972,1882,9002,4603,360
Other269206183193204215