On Feb. 25, 2021, the Board of Directors has conducted an in-absentia Board meeting. In the course of the meeting, directors have scrutinized and decided on the range of corporate issues.
In the course of the meeting, the Board of Directors has approved the revisions to the OAO IDGC of Urals’ 2021-2025 investment program, approved by Ministry of Energy Decree dated 23 December 2020 No. 20@. The revisions were prepared with due consideration of the regional development plans, technical condition of the equipment, importance of the facilities as well as in line with the Company’s 2021-2025 business plan.
According to the approved revisions, the 2021-2025 funding shall total RUB 61,613 million, incl. VAT (previously approved: RUB 49,577 million, incl. VAT). 2021-2025 commissioned capacity shall total 2,727 MVA (previously approved: 1,393 MVA) and 17,948 km (previously approved: 5,575 km).
The investment program is focused on: