Investments

Federal Grid Company develops its investment programme on the basis of the principal investment priorities for the electricity industry and the UNEG set out by the Russian government, the Ministry of Energy and Federal Grid. Particularly, the following documents determine Federal Grid's investment programme:

  • General Scheme, approved by the Russian government;
  • Schemes and Programmes for Development of the UNEG for the period 2011-2017, approved by the Ministry of Energy;
  • Schemes and Programmes for Development of Electricity Industry in Regions of the Russian Federation for the 5-year period, approved by local state authorities;
  • Strategy for the Development of the UNEG for a 10-year Period, approved by Federal Grid.

The Investment Programme for the period of 2013-2017, was approved by the Ministry of Energy on 31 October 2012.

The Investment Programme have the following primary objectives:

  • improvement and modernisation of the UNEG to ensure its reliability;
  • execution of high-priority federal projects related to construction of new and expansion of existing electricity grid infrastructure;
  • performance of agreements with regional administrations for providing access to electricity supply to customers;
  • connection of power generating units to the UNEG; and
  • development and implementation of technologies and infrastructure to maintain and enhance a competitive market for electricity and capacity in the Russian Federation.

The table below sets out the breakdown of expenditure under the Investment Programme.

2013 2014 2015 2016 2017 Total (Rub, ml)
155,177 154,596 155,135 155,499 155,124 775,530

The Investment Programme envisions that of the total RUB 775,530 million: RUB 266,281 million will be spent on technical upgrading and modernisation of fixed assets and RUB 509,250 million will be spent on construction of new fixed assets.

2013–2017 Electrical Grid Facility Commissioning Plan

 
2013 2014 2015 2016 2017
Transmission lines, km 3,358 4,397 3,690 3,112 2,428
Transformer capacity , MVA 17,034 14,994 16,576 8,334 9,932

Until the end of 2012 year, Federal Grid Company will continue implementing its Current Investment Programme for the period of 2012-2014 which received the final approval from the Ministry of Energy on 11 May 2012.