The amount of the capital investment by IDGC of Centre in 2015 totaled RUB 12,973 mln. All the measures taken under the investment programme were in line with the planned indicators and requirements approved by the authorities of the regions where the Company operates.
In 2015, the Company commissioned 4,785 km of power lines and 1,228 MVA of transformer capacity. There was a significant increase in capacity due to accepting and purchasing the assets of other companies — 6.7 k km and 1.7 k MVA, including the assets of its subsidiary — Yargorelectroset OJSC (3,976 km and 1,174 MVA).
Actual investment by IDGC of Centre in 2013–2015
Period
Capital investment (VAT excl)
Commissioning of fixed assets (VAT excl)
Financing (incl. VAT)
Commissioning of capacity
Capacity increase
RUB mln
km
MVA
km
MVA
2013
14,425
15,951
17,622
5,689
1,362
3,112
891
2014
12,177
12,913
14,245
5,110
1,107
2,560
602
2015
12,973
12,758
15,184
4,785
1,228
6,728
1,739
Capacity commissioning in 2013–2015
Investments in 2013–2015, RUB mln
Areas and Structure of Capital Investment Financing
CAPEX financing structure in 2013–2015, RUB mln
The amount of capital investment financing in 2015 totalled RUB 15,184 mln (VAT included) and was used for the following measures:
45% for retrofitting and upgrading: RUB 6,840 mln;
54% for new construction and expansion: RUB 8,209 mln;
1% to acquire electrical grid assets, and to implement other programmes and measures (other): RUB 135 mln.
15,184 RUB mln were CAPEX funding of IDGC of Centre in 2015
CAPEX structure in 2013–2015,
RUBmln
In 2015, capital investments amounted to RUB 12,973 mln and were used for the following measures:
45% for retrofitting and upgrading: RUB 5,787 mln;
54% for a new construction and an expansion: RUB 7,051 mln;
1% to acquire electrical grid assets, and to implement other programmes and measures (other): RUB 135 mln.
12,973 RUB mln were the amount CAPEX of IDGC of Centre in 2015
There were significant changes in the structure of capital investment in 2015.
Investments into new construction and extension took the largest share in the investment programme in 2015, and there was an increase up to 54% of total investment (compared to 44% in 2014) due to the necessity of new grid connections and grid infrastructure development in limited financial conditions.
Investments into retrofitting and upgrading decreased to 45% (compared to 56% in 2014) due to optimisation of the retrofitting and upgrading programme and measures to control construction and retrofitting expenses.
Investment in financing in 2015 amounted to RUB 15,184 mln, an increase by 6.6% compared to 2014. This increase was due to increase in grid connection financing.
Spheres of financing in 2013–2015, RUB mln
Areas of funding
2015
2014
2013
Total
15,184
14,245
17,622
Priority projects
125
295
756
retrofitting and upgrading
56
126
279
new construction
68
169
477
Top priority programmes
—
—
—
retrofitting and upgrading
—
—
—
new construction
—
—
—
Programmes
2,092
2,391
2,878
retrofitting and upgrading
1,805
2,384
2,848
new construction
287
6
30
Grid connection, including
9,436
6,693
9,310
Grid connection sites with capacity of over 750 kW (НV, MV1)
1,650
610
1,037
Grid connection sites with capacity of 100 — 750 kW (MV2)
1,070
1,567
3,214
Grid connection sites with capacity of 15 — 100 kW
1,741
1,976
1,978
Grid connection sites with capacity of up to 15 kW
4,976
2,541
3,080
Generation
—
—
—
Distribution grids
2,162
2,687
2,126
retrofitting and upgrading
1,412
2,575
2,066
new construction
749
113
60
Automation of technological control (excl. automatic system for commercial measurement of electricity consumption)
336
561
1,040
Electricity measurement instruments
72
306
350
Safety programmes
47
112
91
Acquisition of grids, land plots and other facilities
110
8
12
Other programmes and measures
804
1,191
1,060
For reference:
retrofitting and upgrading
6,840
7,914
8,733
new construction
8,209
6,282
8,802
Other
135
49
88
Information on performance at priority facilities in 2015 is shown in Appendix to this Annual Report.
In 2015, IDGC of Centre did not implement projects financed by the Federal budget.
INVESTMENT PROGRAMME RESULTS
The measures taken by IDGC of Centre in 2015 under the investment programme had the following results:
15% was the increase of the investment efficiency in 2015 versus 2012
2,703 RUB mln were the effect of reducing investment costs
As a result of using methods of planning the reduction of investment costs by 30% compared to 2012 (pursuant to the Strategy for the Russian Power Grid Complex development approved by Decree No 511-r of the Government of the Russian Federation dated April 3, 2013), IDGC of Centre reduced investment costs by RUB 2,703 mln (excluding VAT). The Strategy for the Russian Power Grid Complex development stipulates the increase of investment efficiency by 30% by 2017. The target increase of 15% by 2015 was achieved.
164.6 mln kWh were the effect of the Programme for energy saving and energy efficiency
In 2015, pursuant to the energy saving and efficiency improving programme, the Company reduced electricity losses by 164.6 mln kWh (vs. plan — 118.44 mln kWh). The loss reduction under the investment programme was as follows:
Technical loss reduction: plan — 4.45 mln kWh, actual — 7.12 mln kWh, or 160% of the plan.
Modernisation of the electricity metering system and the billing system: plan — 45.34 mln kWh, actual — 49.85 mln kWh, or 110% of the plan.
The number of breakdowns reduced by 19.5% in 2015 compared to 2014. The breakdown rate per unit decreased by 21.8% and was 9.7 breakdowns per 1000 equipment units.
The Company’s long-term investment programme has been designed taking into account the Company’s current production goals, objectives and development plans, and the regions in which it operates. The programme is also based on investment programmes of the Company’s branches approved by the regional executive bodies of the Russian Federation territorial entities.
The planned capital investment under the 2016-2020 investment programmes provides for an increase in investments with no significant changes in dynamic pattern.
The development of the long-term programme of the Company involved scenarios of power industry development up to 2030Approved by Decree No. 511-r of the Government of the Russian Federation dated April 3, 2013., the requirements of the industry’s technological policy, and social and economic growth forecasts for the regions.
