OREANDA-NEWS. December 22, 2010. Ingosstrakh acted as a sponsor and the official insurer of the 1st international conference ‘Innovations in Power Grid Construction’ that was held in Moscow.

The event was organised by the self regulating organisation NP ENERGOSTROY. The participants included representatives of the committee for the energy sector of the State Duma of the Russian Federation, the Ministry of Energy of the Russian Federation, MRSK Holding OJSC, DZO Holding MRSK, the Russian Academy of State Service with the President of the Russian Federation, leading Russian and foreign construction companies and suppliers of equipment operating in the power grid construction sector, analysts and experts.

The goal of the conference was to share experience between Russian companies and their foreign partners in order to develop and introduce innovative technologies in power grid construction. The participants discussed such issues as the renovation of the production and technological assets of the power grid, development and support of cooperation (including international cooperation) in the power distribution industry to increase efficiency, promote innovations in engineering, construction, modernisation and maintenance of power facilities; pricing in the design and construction of power grid facilities.

Representatives of Ingosstrakh gave a presentation on the organisation of insurance against construction and installation risks related to the construction of power distribution facilities by contractors that are embers of self regulating associations, in addition to providing insurance against damage caused by third parties as a result of poor quality of the services that affect the health and safety at large scale facilities requiring capital investments.