Light Line
8 800 220-0-220 Contact CenterVolume of financing of Investment Program of JSC “MOESK” for 2014-2019 can amount to RUR bln 232.2 with VAT
We are open to cooperation and ready to offer information materials to journalists on the issues of the Company’s activity, help to arrange comments and interview with managers and leading specialists of PJSC “Rosseti Moscow Region”.
05.05.2014
On April, 30th Board of Directors of JSC “MOESK” approved the draft adjusted investment program for 2014 and for the period till 2019. According to the approved draft volume of capital investments for the period will amount to RUR bln 204.0 without VAT, volume of financing – RUR bln 232.2 with VAT, and introduction of fixed assets – RUR bln 214.0 without VAT.
Draft Investment Program of the Company for 2014-2019 is prepared with the account to Investment Program for 2014-2018, which was earlier taken into account by the Company’s Board of Directors and after rework, agreed by JSC “System operator of Unified Energy System”, Regional Energy Commission of Moscow, Department of fuel and energy economy of Moscow and Ministry of Energy of Moscow region. At the moment Investment Program for 2014-2018 after conduct on April, 02nd of Public hearings under the Ministry of Energy of RF is on approval in the Ministry of Energy of Russia.
Main goals of the Company’s Investment Program are equipment renewal, which is necessary for sufficient, reliable, uninterrupted power supply of consumers; securing of electric power supply restoration time within “the old” borders of Moscow – not more than 47 minutes, on the territory of Troitskiy and Novomoskovskiy administrative districts – not more than 112 minutes, on the territory of Moscow region – not more than 2 hours; 20 kV distribution grid development; realization of program on lifting of restrictions on grid connection from overloaded power centres, etc.
Draft Investment Program of JSC “MOESK” for the period of 2014-2019 repeats in many respects the parameters of Investment Program for 2014-2018, which was earlier taken into account by the Company’s Board of Directors. Main differences are in increase of fixed assets introduction in 2018 by RUR bln 1.5 up to RUR bln 31.0 at constant volume of financing, which is tied with inclusion to the program of stagewise introduction of 110 kV cable feeders at SS “Kaskadnaya”. Also capacity introduction (MVA) was changed by years in 2014-2018, which is mostly tied with refinement of investment program within the process frames of its approval in the Ministry of Energy of Moscow region.
Changes in the structure of financing sources, particularly, increase of the stake of own and reduction of the stake of borrowed assets, are carried out upon agreement with the Prices and Tariff Committee of Moscow region during the agreement process of Investment Program for 2014-2018.
Table 1. Parameters of long-term Investment Program of JSC “MOESK for the period of 2014-2019.
|
Index name
|
2014
|
2015
|
2016
|
2017
|
2018
|
2019
|
2014-2018
| ||
|
Volume of capital investments, RUR mln without VAT
|
IPR 2014-2018
|
41,086
|
34,655
|
29,488
|
30,491
|
31,154
|
-
|
166,874
| |
|
IPR 2014-2019
|
41,086
|
34,655
|
29,488
|
30,491
|
31,154
|
37,076
|
166,874
| ||
|
Volume of financing, RUR mln with VAT
|
IPR 2014-2018
|
42,906
|
40,877
|
36,315
|
34,085
|
38,608
|
-
|
192,790
| |
|
IPR 2014-2019
|
42,906
|
40,877
|
36,315
|
34,085
|
38,608
|
39,438
|
192,790
| ||
|
Fixed assets introduction, RUR mln without VAT
|
IPR 2014-2018
|
44,908
|
36,039
|
32,251
|
30,445
|
29,448
|
-
|
173,092
| |
|
IPR 2014-2019
|
44,908
|
36,039
|
32,251
|
30,445
|
30,977
|
39,331
|
174,621
| ||
|
Introduced capacity
|
MVA
|
IPR 2014-2018
|
4,057
|
3,548
|
3,526
|
2,685
|
2,415
|
-
|
16,231
|
|
IPR 2014-2019
|
3,570
|
3,478
|
3,639
|
2,756
|
2,787
|
2,390
|
16,230
| ||
|
km
|
IPR 2014-2018
|
7,728
|
2,650
|
2,673
|
2,149
|
2,560
|
-
|
17,759
| |
|
IPR 2014-2019
|
7,721
|
2,658
|
2,674
|
2,146
|
2,565
|
4,582
|
17,764
| ||
Table 2. Financing sources of Investment Program of JSC “MOESK” for the period of 2014-2019, RUR mln with VAT
|
Index name
|
2014
|
2015
|
2016
|
2017
|
2018
|
2019
|
2014-2018
| |
|
Total
|
IPR 2014-2018
|
42,906
|
40,877
|
36,315
|
34,085
|
38,608
|
-
|
192,790
|
|
IPR 2014-2019
|
42,906
|
40,877
|
36,315
|
34,085
|
38,608
|
39,438
|
192,790
| |
|
Depreciation
|
IPR 2014-2018
|
15,381
|
18,288
|
18,901
|
20,236
|
22,160
|
-
|
94,967
|
|
IPR 2014-2019
|
18,670
|
19,296
|
20,386
|
23,869
|
25,754
|
26,390
|
107,975
| |
|
Profit, directed to investments
|
IPR 2014-2018
|
0
|
0
|
0
|
1,214
|
0
|
-
|
1,214
|
|
IPR 2014-2019
|
0
|
0
|
0
|
1,214
|
0
|
0
|
1,214
| |
|
Payment for grid connection (advance payments)
|
IPR 2014-2018
|
4,639
|
5,467
|
5,421
|
3,721
|
3,857
|
-
|
23,106
|
|
IPR 2014-2019
|
4,639
|
5,467
|
5,421
|
3,721
|
3,857
|
3,912
|
23,106
| |
|
Borrowed assets RAB
|
IPR 2014-2018
|
4,436
|
3,742
|
5,255
|
3,714
|
6,701
|
-
|
23,849
|
|
IPR 2014-2019
|
1,217
|
2,977
|
3,849
|
81
|
3,107
|
3,119
|
11,230
| |
|
Borrowed assets TS
|
IPR 2014-2018
|
8,461
|
5,630
|
882
|
0
|
0
|
-
|
14,972
|
|
IPR 2014-2019
|
8,461
|
5,630
|
882
|
0
|
0
|
0
|
14,972
| |
|
Others
|
IPR 2014-2018
|
3,443
|
1,514
|
316
|
0
|
0
|
-
|
5,273
|
|
IPR 2014-2019
|
3,374
|
1,272
|
238
|
0
|
0
|
0
|
4,883
| |
|
VAT reclaimed
|
IPR 2014-2018
|
6,545
|
6,235
|
5,540
|
5,199
|
5,889
|
-
|
29,409
|
|
IPR 2014-2019
|
6,545
|
6,235
|
5,540
|
5,199
|
5,889
|
6,016
|
29,409
| |
*****
JSC "Moscow United Electric Grid Company" (JSC "MOESK") – is one of the largest distribution electric grid companies of Russia.
JSC "MOESK" provides the power supply of the most dynamically developing Moscow region in the country with the population of about 17 mln people. The primary activity types of the company – are services rendering for electric power transmission and grid connection of consumers to the electric grids on the territory of Moscow and Moscow Region.
Control parcel of JSC "MOESK" shares (50.9 %) is owned by JSC "Rosseti".
JSC "Rosseti" – is the largest in Russia and in the world energy company, providing transmission and distribution of electric power.
Length of the Company power transmission lines counts 2.3 mln km, the transformer capacity of 463 thousand substations – is 726 GVA. The numerical strength of the personnel of the Group of companies of "Rosseti" – is 213 thousand top-ranked specialists.
Property complex of the Company includes the parcels of 43 subsidiary and dependent companies, including the parcels of shares of 11 interregional and 5 regional grid companies. The controlling shareholder is the government, which possesses of a stake in the charter capital in the amount of 61.7 %.
In execution of Decree of the Russian Federation President, in June of 2013 the parcel of shares of JSC "FGC UES" owned by RF, was transferred to the company as the contribution into the charter capital.
IR Division of JSC "MOESK"
Tel.:+7(495) 984-57-74;
+7(495) 984-57-72