IDGC of Northern Caucasus, JSC
THE BOARD OF DIRECTORS OF IDGC OF NORTHERN CAUCASUS ADJUSTED BUSINESS PLAN FOR 2011
IDGC of Northern Caucasus, JSC / Key word(s): Miscellaneous THE BOARD OF DIRECTORS OF IDGC OF NORTHERN CAUCASUS ADJUSTED BUSINESS PLAN FOR 2011 Approving of adjusted KPI for 2011 and adjusted Programme for energy conservation and increased energy efficiency of IDGC of Northern Caucasus for 2011-2015 are also among key decisions. The decisions were taken on the Company Board of Directors meeting that was held in person at Holding IDGC, JSC headquarter (Moscow) on 27th Sept. 2011. The meeting was attended by the Company top-management and heads of IDGC of Northern Caucasus, JSC and Holding IDGC, JSC departments. In the whole, IDGC of Northern Caucasus adjusted business plan targets operational profitability and financial stability. IDGC of Northern Caucasus adjusted revenue is 10,228 RUB mn, that is 5 per cent higher than the rate of 2010 in comparable conditions (without Dagenergo branch operational results of 1st quarter 2010). Net income for 2011 is 170.1 RUB mn. EBITDA for 2011 is 1,557.8 RUB mn. Forecast net assets are 18,593 RUB mn, that is 16.6 per cent higher than 2010 rate. IDGC of Northern Caucasus adjusted electricity throughput for 2011 is 9,351 mn kWh, that is 3.5 per cent higher than the result of 2010. Key IDGC of Northern Caucasus adjusted business plan indicators for 2011
* without Dagenergo branch operational results of 1st quarter 2010 IDGC of Northern Caucasus investment programme for 2011 is tripled compared to the previous year. The transition of IDGC of Northern Caucasus grid branches to RAB regulation and the Integrated programme of measures for reducing excessive losses in the distribution grid made it possible to increase the Company investment programme. In addition, the Board of Directors of IDGC of Northern Caucasus approved adjusted Programme for energy conservation and increased energy efficiency for 2011-2015. The Programme key aim is to realise the Company potential of energy conservation and performance efficiency increase. The Company will perform the top strategy priority tasks such as following: electricity losses reduction, energy conservation, development of an accounting system, development of an effective energy conservation policy. Forecast financing of the Programme for 2011-2015 is about 17.5 RUB bn, including state-financing in amount of 4.9 RUB bn. The Programme for energy conservation and increased energy efficiency will make it possible to reduce electricity losses in grids, to increase revenue from provision of electricity transmission services, to reduce expenditures for electricity to compensate for losses, to reduce resources for production needs, to triple the number of account metre readings.
IDGC of Northern Caucasus, JSC is a Russian operational interregional distribution grid company. The Company transmits electricity via a distribution grid and provides customers with technological connections to grid infrastructure on the territory of the North Caucasian Federal District within six branches, one subsidiary and one company under management. The Company serves 1.4 per cent of Russia's territory and 6.1 per cent of the country's population. The Company manages seven electricity supply companies, which operate in seven Russian regions.
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