Investments
2010–2014 investment program of JSC FGC UES has been formed under:
- General guidelines of Development Strategy of the Unified National Electric Grid (UNEG) developed for the decennial period, (the Strategy was approved by JSC FGC UES Board of Directors (minutes No. 13) on December 24, 2004;
- General layout for the power industry facilities up to 2020, including the contemplation up to 2030, approved by the government of the Russian Federation (extract from the minutes No. 24 dated June 03, 2010 of the meeting of government of the Russian Federation).
- Schemes and programs for the development of Unified Energy System of Russia in 2010–2016, approved by the order No. 333, dated July 15, 2010 of the Ministry of Energy of the Russian Federation.
- Agreements "On cooperation in the area of electric grids development", which have been concluded with heads of administrations of Moscow, St. Petersburg, Tyumen, Krasnodar Region and other regions of the Russian Federation.
- Adjusted data on the scheduled commissioning of generation capacities.
The Company’s investment program was approved by the order No. 547, dated November 12, 2010 of the Ministry
of Energy of the Russian Federation and authorized by the Company’s Management Board (extract from the minutes No. 903/7, dated November 23, 2010 of the meeting of Management Board).
2010–2014 investment program of JSC FGC UES is aimed at the following top-priority tasks:
- development of the UNEG to ensure its reliable operation;
- renovation of the company’s grid assets;
- implementation of electric grid construction projects of state significance (Asian Pacific Economic Cooperation, ESPO pipeline, Sochi Olympic games 2014, Vankorskaya group of oil fields, Skolkovo Innovation Centre, increase of power supply reliability in Moscow, St. Petersburg and Tyumen, etc.);
- implementation of Agreements concluded with administrations of the regions to provide power supply
for consumers; - delivery of capacity from power generating units being commissioned at NPP, HPP and TPP;
- introduction of innovation projects and programs in the area of energy efficiency;
- creation of technological infrastructure for the competitive energy and capacity market.
Amount of financing for 2010–2014 investment program comprises RUR 952.4 bln. The investment program will be financed by JSC FGC UES own funds, funds received from additional issue of shares, federal budget funds (including funds allocated for "Economic and social development of the Russian Far East and Trans-Baikal
for the period to 2013" Federal target program and Program for electric grids development in the Sochi region),
funds received from sale of JSC RAO UES of Russia assets. Funds received from technical connection fee, loans
and credits will be channeled for JSC FGC UES investment program as well.
The maximum amount of finance comprising RUR 216.26 bln will be channeled for renewal of fixed assets of the grid complex. The amount comprising RUR 212.77 bln will be channeled for development of backbone grids,
not covered by the Agreements with the regions. The amount of RUR 90.37 bln will be channeled to increase power supply reliability in Moscow, St. Petersburg and Tyumen. It is planned to allocate RUR 137.93 bln for the delivery
of capacity from NPP, HPP, TPP as well as for implementation of Agreements concluded with administrations
of the regions (except for Moscow, St. Petersburg and Tuymen). RUR 65.8 bln will be channeled for innovations, energy efficiency and process management development. RUR 127.4 bln will be forwarded to implementation of government programs (ESPO pipeline, "Economic and social development of the Russian Far East and Trans-Baikal" Federal Target Program, Sochi, Asian Pacific Economic Cooperation).
In total, JSC FGC UES investment program stipulates for commissioning of 89,180 MVA of transformer capacity
and 21,078 km of transmission lines for the period from 2010 to 2014.
2010–2014 Electrical Grid Facilities Commissioning Plan
| 2010 | 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|---|
| Transmission lines, km | 3,293.1 | 3,520.5 | 5,435.0 | 5,892.9 | 2,936.1 |
| Transformer capacity , MVA | 13,047.0 | 26,557.3 | 22,474.0 | 19,000.0 | 8,102.0 |
The commissioning of UNEG backbone transmission lines with the voltage above 220 kV remained at the same level in 2002–2007 (550 km p.a., at an average), but the commissioning of aerial lines doubled in 2008. The commissioning of transformer plants (transformer capacities) increased significantly at this time. The commissioning of transformer capacities almost doubled in 2006 as compared to that in average for each prior year. The commissioning increased in 1.8 times in 2007 as compared to 2006 and in 1.6 times in 2008 as compared to 2007. The volumes of transformer capacity commissioning in 2009 are planned to be maintained at the same level as in 2008 and transmission lines commissioning will be increased in 1.5 times. The significant increase of transformer capacities commissioning in recent years is caused by the necessity to increase the power supply reliability for existing consumers and provide the opportunity of new consumers' connection, including that according to the Agreements concluded with the regions of the Russian Federation.