OREANDA-NEWS. September 15, 2009. Analysts noted the openness of top management of IDGC of North-West, their readiness to answer the questions and give the full descriptions.

Alexander Kukhmay, General Director of IDGC of North-West, Olga Makarova, Economy and Finance Deputy General Director, and Alexander Kushnerov, Corporate Governance Deputy General Director carried out the lectures with the representatives of leading investment companies.

The activities were carried out in the format of face to face consultations and the general meeting. Among the companies participants – Halcyon Advisors, Renaissance Investment Management, East Capital Investment Management, Troika Asset Management, Alfa Capital, Pharos Fund and others. The joint consultation were initiated by one of the leading investment banks – Renaissance Capital.

After the series of individual consultations they carried out the joint meeting during which Alexander Kukhmay, General Director of IDGC of North-West fully told about the work of the company conditions of world financial crisis, conceptual approaches to the implementation of the chain business.

“Investors ask good questions and this is the proof of the fact that they are interested in us. It is not the simple interest. They want to build business with us and invest money into the company”, Alexander Kukhmay comments on the results of the consultations. “It is clearly seen that he investors need information – the facts that we represent in the reports – profits, losses and financial indices. But, besides this, the investor needs to see what we do in practice, as well as our regions, objects and consumers”.

The analysis noted the openness of top management of IDGC of North-West to answer the questions and give the full explanations:

“In London we have the investors who already acquired the shares of IDGC of North-West. And we have investors who still think that they need the additional information to make the decision”, said Derek Weaving, Executive Director, and Electric Power Analytical Department Head of Renaissance Capital. “At the meetings with top managers of IDGC of North-West the investors got the complete answers. It was very interesting to get to know about the problems and see the ways how the top management solves them. The representation of the financial information in accordance with IFRS standards gave the very important information”.

The consultations in Moscow were the first in the series of IDGC of North-West top-management meeting . They plan to continue the negotiations whose organizer is Renaissance capital.