Implementation of the plan to finance capital investment

History

« INTERNAL SOURCES OF FINANCING MADE UP 97%, OR 28,502 MILLION RUBLES, OF THE TOTAL DISBURSEMENTS IN 2011. BORROWED FUNDS ACCOUNTED FOR 3%, OR 1,026 MILLION RUBLES »

In 2011, JSC “MOESK” increased financing for the implementation of its investment program by 170 million rubles. Additional capital investment was required to restore power supplies to the Brateyevo station. With this facility not included in the plan for the investment program, actual financing totaled 321 million rubles.

The early performance of work and delivery of equipment by contractors resulted in the need for additional financing at several facilities such as:

  • the reconstruction of Chertanovo SS-220/110/10 kV No. 370 – actual financing for the project totaled 1,217 million rubles instead of the planned 898 million rubles;
  • the reconstruction of the cable section of the Matveyevskaya-Presnya Circuit 1 and Circuit 2 OCL-220 kV from CP No. 203 to the Presnya SS with an increase in throughput capacity to 1,000 A – actual financing totaled 193 million rubles instead of the plan of 47 million rubles;
  • OL-220 kV cable inputs for Omega-Radishchevo, Circuit 1 and Circuit 2 at the Sigma SS – actual financing was 852 million rubles instead of the planned 557 million rubles.

Actual financing exceeded planned figures at several facilities because of the need for advance payment for equipment to implement important projects. For example, the transition to 220 kV voltage for the Sigma SS-110/10 kV required financing of 404 million rubles, while the plan was 300 million rubles.