OREANDA-NEWS. 5 October 20164 October, a meeting of the Board of Directors of IDGC of Centre, PJSC (hereinafter – the Company) was held. The meeting approved the adjusted Investment Program of the Company for 2016-2020.

The main reasons for adjustment of the Investment Program are: taking into account the tariff and balance decisions for 2016 and the current forecast of socio-economic development of the Russian Federation for the planning period, the update of the Company’s obligations on connection of customers to the grid.Indicators of the adjusted Investment Program of the Company for 2016-2020:

The Investment Program of IDGC of Centre, PJSC for 2016-2020 was approved by the decision of the Board of Directors of the Company (Minutes # 05/15 dated 13.03.2015) and confirmed by Order of the Ministry of Energy of Russia dated 14.12.2015 # 951The financing of the adjusted Investment Program of the Company for 2016-2020 at the expense of own funds of the Company will amount to 94%, - (including 75% - depreciation).

The financing of the Investment Program by borrowing will be 6%.More than 57% of the financing of capital investments is planned to be spent on new construction and expansion, about 43% on retrofitting and reconstruction.As a result of the implementation of the adjusted Investment Program of the Company in 2016-2020 it will provide for achievement of the main objectives of the Company: reliable and uninterrupted power supply to consumers in the Company’s service area, as well as execution of the Company’s obligations on connection of customers to electric grid facilities of the Company in accordance with applicable legislation.