OREANDA-NEWS. October 28, 2009. FGC is to invest RUB 170 bn a year using the RAB mechanism and loans. State-owned Federal Grid Company (FGC), which estimates investments until 2018 at around RUB 1.4 tn, does not need to sell the assets it received after the wind-up of UES or attract a strategic investor.

To fulfill its investment program the company will have sufficient funds from long-term tariffs and loans, FGC CEO Oleg Budargin, who was elected Tuesday, said. FGC plans to have credit lines granted at banks for RUB 30 bn by the end of year and float RUB 50 bn bonds in 2010.