Investments in the power range of the Kursk region after the transition to RAB reached nearly 3 billion rubles for the three-year period

The leaders of OAO “IDC Holding” and OAO “Center IDC” Nikolai Shvets and Evgeny Makarov, 2 February in the framework of his working trip to Kursk region met with the governor of the region Alexander Mikhailov.

During the meeting they discussed issues of execution of the agreement with the Administration of Kursk region in implementing investment programs in 2007-2011, the interaction of the regional government and “IDC Holding” to enhance energy security in the region, especially the transition from 1 January 2010 the Kursk region new method of tariff regulation RAB.

Branch of JSC “MRSC Center” - “Kurskenergo moved to RAB c base capital at the residual value (iRAB) at 10.8 billion rubles. It is planned that within thrf86ee years of work in the new system, the total volume of investments in the power complex of the region will reach nearly 3 billion rubles. Program Kurskenergo on the basis of three-year period of regulation - one of the most ambitious investment programs MRSK Center, IDC said in a statement.

Director-General “IDC Holding” Nikolai Shvets said: “It is important to build constructive and mutually beneficial relationship with the subjects of the RF, especially in the tariff. The transition of the Kursk region RAB - a significant step which will play an important role in enhancing energy security, the implementation of investment programs agreed to at a given period, will enable consumers and the public to be confident in the quality energy supply.

Nikolai Shvets also stressed that the RAB-regulation will promote a complex distribution network of the country, will create a clear environment for potential investors, will allow businesses more precisely calculate the development of their enterprises. This method stimulates the electricity network company to reduce its operating costs and stabilize the growth rate for a specified period.
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